The big sanctions: A quick explainer - by Noah Smith

The goals and risks of SWIFT cutoff, central bank sanctions, etc.

The war in Ukraine rages on (For updates, check out my Twitter list). Although they’re still not thinking of getting involved militarily, the U.S. and European nations are openly delivering more weapons and other aid to the besieged Ukrainians. Germany, it’s worth noting, is one of the countries providing weapons — a very encouraging sign for a country that recently looked like it was sleepwalking through a global crisis. Whether this aid is enough for the Ukrainians to hold out against Russia’s ferocious onslaught remains to be seen. But in addition, Western countries are now pulling out…

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