Studies from University of Pennsylvania Update Current Data on Economics (Bank To the World, Arm of the State: Us Sanctions Against Russia and the Federal Reserve): Economics

2025 DEC 24 (NewsRx) -- By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily -- Research findings on Economics are discussed in a new report. According to news reporting out of Philadelphia, Pennsylvania, by NewsRx editors, the research stated, “The Federal Reserve has participated in the US government’s Russia sanctions regime by freezing and seizing Russian central bank assets after the 2022 invasion of Ukraine. Traditionally, such assets have been immune from seizure under US and international law.”

Our news journalists obtained a quote from the research from the University of Pennsylvania, “This article considers the costs of the Federal Reserve’s role in this policy change, even if the benefits outweigh those costs. The shift exemplifies the American turn towards financial warfare as a foreign policy tool, unsettles established norms of international law, and pressures the principle of central bank independence.”

According to the news editors, the research concluded: “Whatever the near-term benefits, including the Fed in the sanctions regime may carry long-term costs for US financial leadership.”

This research has been peer-reviewed.

For more information on this research see: Bank To the World, Arm of the State: Us Sanctions Against Russia and the Federal Reserve. Journal Of International Economic Law, 2025. Journal Of International Economic Law can be contacted at: Oxford Univ Press, Great Clarendon St, Oxford OX2 6DP, England. (Oxford University Press - http://www.oup.com/; Journal Of International Economic Law - jiel.oxfordjournals.org)

Our news journalists report that additional information may be obtained by contacting David Zaring, University of Pennsylvania Wharton Sch, Philadelphia, PA 19104, United States.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1093/jiel/jgaf043. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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