The real impact of Western sanctions on Russia
Politics & Diplomacy
•
31-Jan-2023
THE REAL IMPACT OF WESTERN SANCTIONS ON RUSSIA
- In 2022, sanctions formed a critical element of the West’s response to Russia’s full-scale invasion of Ukraine. Those sanctions led to a contraction of the Russian economy, cut off Putin’s cronies from their lavish lifestyles in the West, and degraded Russia’s ability to invest in critical advanced technologies, including in its defense industry. At the same time, the ramifications for Russia’s economy have not been as drastic as many observers expected, and Kremlin-linked companies have found ways to evade sanctions and prop up Moscow’s war efforts.
What are the true impacts of Western sanctions against Russia? How will sanctions impact the Russian economy over the coming months and years? What more can Western countries do to improve their enforcement and the efficacy of sanctions? Vladimir Milov, vice president of international advocacy for the Free Russia Foundation, joined the Atlantic Council and a panel of experts to discuss his new report on the real impact of Russian sanctions.
ORIGINAL AIRDATE: 01/31/23
Up Next in Politics & Diplomacy
-
Prime Minister of the Bahamas Philip ...
A CONVERSATION WITH PRIME MINISTER OF THE BAHAMAS & CHAIR OF CARICOM PHILIP DAVIS - The Atlantic Council hosted an #ACFrontPage conversation with the Hon. Philip Davis, prime minister of The Bahamas and chair of the Caribbean Community (CARICOM) on the trajectory for US-Caribbean relations during...
-
Mélanie Joly, Canadian Foreign Minister
A CONVERSATION WITH CANADIAN FOREIGN MINISTER MÉLANIE JOLY - Alongside the United States, Canada has played a role in rallying and maintaining Western support for Ukraine, while also confronting and condemning Russia for its illegal, unprovoked, and unjustifiable invasion of Ukraine. Canada has c...
-
Previewing the NATO Summit with Ambas...
PREVIEWING THE NATO SUMMIT WITH AMBASSADOR JULIANNE SMITH - Russian President Vladimir Putin’s unprovoked invasion of Ukraine has resulted in the largest war in Europe since 1945 and upended the post-Cold War security order. As Ukraine fights back against the invasion, the United States and NATO ...
