Saudi Electronic University Economic and Monetary Policies Discussion

Economic and monetary policies and/or sanctions have a direct impact on international trade. For this week’s discussion, please:

1. Discuss the Russian-Ukrainian war that began on February 24, 2022, and the subsequent economic sanctions against Russia. Specifically, appraise the effect for Russia of being disconnected from SWIFT, losing the Most Favored Nation status, losing its oil export to the United States, and being barred from obtaining loans from the International Monetary Fund and the World Bank.
2. Distinguish the implication of these sanctions for Russia’s trading partners.
3. Appraise how the Kingdom of Saudi Arabia can navigate the new economic climate caused by this crisis.