The focus on the defense of Ukraine in the face of Russian aggression often overshadows the economic war that is happening simultaneously. Every few weeks, the US or the EU imposes new sanctions on Russia in an effort to weaken its ability to continue the war. In response, there is a wave of analyses, data, and disinformation that downplay the impact of the sanctions. The EU recently imposed its 14th round of sanctions, prompting Russia to claim that the EU is harming itself more than Russia. This ongoing cycle not only obscures the success of sanctions but also fails to capture the broader economic context of the war and its implications.
To help navigate through the data and provide clarity on the economic situation, Ilana Bet-El welcomes Agathe Demarais, Senior Policy Fellow for Geoeconomics at the ECFR, who has expertise in sanctions. They discuss the economic measures and countermeasures being implemented in the war against Ukraine, as well as the global economic landscape and its future implications, including demographics and corporate interests. The conversation aims to shed light on the complexities of the economic aspect of the conflict.
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. Further resources and mentions related to the discussion are available for those interested in learning more. Image credit goes to Florence Ferrando.
The views expressed in this content represent the opinions of the author and do not necessarily reflect the position of the European Leadership Network or all of its members. The ELN aims to facilitate discussions that contribute to Europe’s ability to address current foreign, defense, and security challenges.