How have U.S. sanctions on Russia since 2014 affected global markets and international diplomacy?

• A. They had no impact on Russia and only increased domestic inflation in the U.S.
• B. They immediately ended conflict in Ukraine.
• C. Targeted sanctions constrained Russian finance and energy sectors, influenced currency and investment patterns, and aligned allies; potential spillovers to energy prices and global trade.
• D. They caused Russia to become isolated with no trade partners.

Answer: (C)