A New Era of Sanctions
Their Impact, Consequences and Future Evolution
The Ukraine War marks a watershed in the deployment of sanctions. For the first time, G7 allies targeted a large economy; in addition to having the world’s eighth largest nominal GDP, Russia is a major global commodity exporter with a global footprint. The sanctions imposed on Russia since February 2022 were not just greater in scale and scope than those imposed previously, but different in kind. But how much of an innovation were they, and what clues do they offer for the future role of sanctions as a tool of policy?
Episode contributors:
Agathe Demarais, Senior Policy Fellow, European Council on Foreign Relations
Brad Setser, Whitney H. Shepherdson Senior Fellow, Council on Foreign Relations
Series moderator:
Sam Lowe, Partner and Head of the Trade and Market Access Practice, Flint Global
The views and opinions expressed in this podcast series are those of the speakers and do not reflect the views, policy or position of American International Group Inc, or its subsidiaries or affiliates (AIG). Any content provided by the speakers in this podcase series is their opinion, and is not intended to malign any religion, ethnic group, club, organization, company, individual or group of individuals or anyone or anything. AIG makes no warranty or representations as to the accuracy, completeness, correctness or validity of any information provided during this podcast series, and AIG will not be liable for any errors, inaccuracies or omissions in the information provided during this podcast series or any damages, losses, liabilities, injuries resulting from or arising from the Podcast including your use of the Podcast.