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[경제] How currency sanctions on Russia could disrupt trade with Africa

아프리카ㆍ 중동 일반 국외연구자료 연구보고서 - Brookings 발간일 : 2022-05-23 등록일 : 2022-06-17 원문링크

Financial sanctions tend to hurt both the sanctioned and the sanctioner, but they also threaten to hurt countries that are financially interlinked with the sanctioned country. Recent sanctions levied on Russia by the United States and the European Union in response to Russia’s invasion of Ukraine are disrupting global trade and financial networks across the world, including in Africa. The sanctions prevent U.S. and eurozone banks, their foreign affiliates, and Russian banks based in the U.S. and eurozone countries from facilitating dollar and euro transactions on behalf of Russian entities. The problem for Africa is that roughly 95 percent of all trade is invoiced in these two sanctioned currencies alone and that a vast majority of Africa’s $14 billion trade with Russia is likely denominated in these two currencies.

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