Sanctions Against Russia – From Here to Eternity? An Expert Discussion

On August 16, the Valdai Club hosted a discussion on the topic “Sanctions Against Russia – From Here to Eternity?” Over the past 500 years in history, there have been many cases of various economic restrictions against Russia. Another such period began in 2012, when the US Congress passed the “Magnitsky Act”. After Crimea’s reunification with Russia and the beginning of the Ukrainian crisis, there has been a significant escalation of anti-Russian sanctions by the US, EU and other countries of the “collective West”. Since February 2022, they have been using almost all known instruments of unilateral restrictive measures against Russia. Despite economic pressure, the Russian economy and financial system have maintained stability. The sanctions were unable to influence Moscow’s political course. At the same time, many economic ties between Russia and Western countries were severed or distorted under the influence of sanctions. Both Russian and foreign businesses suffered damage. Historical experience and current developments suggest that restrictive measures against Russia may remain on the agenda for decades. The Ukrainian crisis is still far from being resolved. However, the resolution of political conflicts in itself does not lead to a sustainable lifting or easing of sanctions. How long will the sanctions war last? What are the prospects for increasing pressure on Russia and its partners? What coercive measures and secondary sanctions could there be in the future? How can they be resisted in today’s conditions? The discussion participants addressed these and other questions. Speakers: Dmitry Birichevsky, Director of the Department of Economic Cooperation of the Russian Foreign Ministry Anastasia Likhacheva, Dean of the Faculty of World Politics and Economics, HSE Glenn Diesen, Professor, University of South-Eastern Norway Sergey Glandin, Partner at the BGP Litigation, Attorney Moderator: Ivan Timofeev, Programme Director of the Valdai Discussion Club.

Видео Sanctions Against Russia – From Here to Eternity? An Expert Discussion автора Международный дискуссионный клуб «Валдай»