The U.S. unleashed unprecedented and historic economic sanctions after Russia escalated its aggression towards Ukraine.

“It’s a kind of coordination that we haven’t seen in a multilateral sanctions program for a long time,” said Esfandyar Batmanghelidj, CEO of Bourse & Bazaar, an economic think tank. The second is speed. Russia has been sanctioned very rapidly. It is amazing to see the program move from the time when we had only discussed very specific measures, and now it is all about financial sanctions. This is perhaps the most remarkable aspect of the current sanctions program.

Russia now has Iran in the lead the most sanctioned countryIn the entire world. However, as we saw with the Middle East country in history, sanctions can also have unintended consequences. With Russia’s economic and financial systems becoming more isolated, what happens to ordinary Russian citizens? Do you think Russia is moving closer to Western foes like China and Iran

The video below shows you the economic actions that the U.S. has taken with its allies and the next steps as the economic cold war goes on.