Tools for our time: Economic statecraft since Russia’s invasion
GeoEconomics Center
•
1h 30m
TOOLS FOR OUR TIME: ECONOMIC STATECRAFT SINCE RUSSIA’S INVASION - The response to Russia’s invasion of Ukraine has created new precedents for economic statecraft. The United States and Western allies have deployed economic tools to weaken Russia’s economy and curb its military advancement. These range from new sanctions against individuals and firms to export controls on technology and the blocking of hundreds of billions in Central Bank reserves. 2022 has also seen the United States ratchet up pressure on Iran as it negotiates its way back into the nuclear deal. It has also invoked the powerful Foreign Direct Product Rule to deprive China of access to state-of-the-art semiconductors that Beijing could use for military purposes.
This special event marked the first anniversary of our Economic Statecraft Initiative and two years since the launch of the Atlantic Council’s GeoEconomics Center at the Atlantic Council. Looking back on 2022, we discussed how the four pillars of economic statecraft – sanctions, export controls, investment screening, and capital markets – have evolved this year and what to expect in 2023. This event formally launched our new report on Russia’s domestic economy, nine months after Russia’s launched its war in Ukraine.
ORIGINAL AIRDATE: 11/30/22
Up Next in GeoEconomics Center
-
Next steps for the TTC: With Under Se...
NEXT STEPS FOR THE TTC: A CONVERSATION WITH UNDER SECRETARY OF STATE JOSE W. FERNANDEZ - Over the past year the US-EU Trade and Technology Council (TTC) has emerged as one of the most important institutions for transatlantic economic coordination. Aspiring to align US and European policy across a...
-
Digital economy in Ukraine’s reconstr...
THE ROLE OF DIGITAL ECONOMY IN UKRAINE’S RECONSTRUCTION - Deputy Minister of Digital Transformation Alex Bornyakov of Ukraine alongside CEO of Stellar Development Foundation Denelle Dixon, Founder and President of StrategEast Anatoly Motkin, and Deputy Assistant Administrator at USAID Mark Simako...
-
H.E. Thani bin Ahmed Al Zeyoudi
A CONVERSATION WITH THE UAE MINISTER OF STATE FOR FOREIGN TRADE H.E. THANI BIN AHMED AL ZEYOUDI - The United Arab Emirates’ foreign trade hit 2.2 trillion dirhams ($599 billion) in 2022, up 17 percent year-on-year. As the UAE continues to expand its non-oil foreign trade sector by investing in tr...
