The real impact of Western sanctions on Russia
War in Ukraine
•
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 War in Ukraine
-
Sweden's Minister for Foreign Affairs...
A CONVERSATION WITH SWEDEN'S MINISTER FOR FOREIGN AFFAIRS TOBIAS BILLSTRÖM - Russia’s unprovoked invasion of Ukraine triggered a seismic shift in Europe’s foreign policy and security strategy. This unjustified war has reinforced the transatlantic partnership and led Sweden to seek admission into ...
-
Ukraine’s digital resilience: with De...
UKRAINE’S DIGITAL RESILIENCE: A CONVERSATION WITH DEPUTY PRIME MINISTER OF UKRAINE MYKHAILO FEDOROV - Ukraine’s impressive technology community has helped the country fight back against Russia’s full-scale invasion. While Ukrainian armed forces push Russia back on the battlefield, the country’s d...
-
Tools for our time: Economic statecra...
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 ...