Two experts debate whether sanctions are no longer effective tools in geopolitics.
Immediately after Russia invaded Ukraine last year, the United States led a coalition of countries to try to impose stiff economic punishments on Moscow. These sanctions have hurt Russia’s economy in all kinds of ways—but not enough to stop the war. In fact, a new International Monetary Fund report projects that the Russian economy is expected to grow in 2023. This raises the question: Are sanctions an effective diplomatic tool? Or do we just expect too much of them?
This week, FP’s editor in chief, Ravi Agrawal, is joined by Agathe Demarais, author of Backfire: How Sanctions Reshape the World Against U.S. Interests, and Nicholas Mulder, author of The Economic Weapon: The Rise of Sanctions as a Tool of Modern War.
Foreign Policy subscribers can watch these interviews live and submit questions and suggestions by going to https://foreignpolicy.com/live/.
About Foreign Policy Live: Each week, Foreign Policy Live will feature a substantive conversation on world affairs. Host and FP editor in chief Ravi Agrawal will be joined by leaders, policymakers, and top academics to analyze key issues from the U.S.-China relationship and Russia’s war in Ukraine to trade and economics. FP Live is your weekly fix for smart thinking about the world. FP subscribers can be part of these conversations by sending questions in advance on www.foreignpolicy.com/live. See All Episodes
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