Economic War in Ukraine: The Effectiveness of Sanctions and their Wider Implications

As the world focuses on Russia’s aggression against Ukraine, it is important to recognize the economic war that is happening simultaneously. The US and EU have imposed sanctions on Russia in an effort to hinder its ability to continue the war. However, there are those who suggest that these sanctions are ineffective. This week, the EU imposed its 14th round of sanctions and Russia claimed that the EU was hurting itself more than Russia.

To gain clarity on the effectiveness of economic measures and their broader implications, Ilana Bet-El welcomed Agathe Demarais, Senior Policy Fellow for Geoeconomics at the ECFR, to her podcast. Agathe is an expert on sanctions and she discussed economic countermeasures with Ilana. They also delved into the global economic situation from demographics to corporate interests and considered their future impact.

As they say in Cabaret: “That clinking, clanking sound can make the world go ’round!” This episode was recorded on June 18, 2024. Listeners can find this episode on Apple Podcasts and Spotify for more insights.

It is important to remember that the opinions expressed in this episode are solely those of the author and may not represent the views of all members of the European Leadership Network or any other organization. The ELN aims to foster discussions that will enhance Europe’s ability to address current foreign policy challenges such as defense and security issues. The image credit goes to Florence Ferrando. For further mentions and resources, visit our website.

The focus on Russia’s war of aggression against Ukraine often distracts attention from