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The New Art of Economic Warfare

Western governments need to use all the data and information available to them to analyze the efficacy of their unprecedented sanctions against Russia. Whatever the outcome, it is already clear that the world needs to introduce some rules to govern such nonviolent weapons before the next great-power conflict erupts.

NEW YORK – The use of economic weapons during war has a long history. But the rise of globalization and cross-border supply chains has given these nonviolent munitions unprecedented power. While economic and financial sanctions may not strike with the immediacy of an artillery shell, their impact can nonetheless be devastating.