...ban might not be the nuclear option as some have proposed, the willingness of Western allies to act as a coalition on the matter is an important indicator of what is to come. Allies have already blacklisted Russia’s Central Bank, banned Russian flights, restricted its maritime port access, and explicitly placed Vladimir Putin on a Specially Designated Nationals list. Even traditionally neutral Switzerland has agreed to freeze Russian assets. Major private sector entities have also voluntarily divested from lucrative interests, shipping
lines have halted or reduced bookings to and from...