Audio Briefs “Down But Not Out: The Russian Economy Under Western Sanctions”: Audio Brief with Nicholas Fenton
Apr 11, 2025
Explore the intricate strategies behind Western sanctions on Russia following its invasion of Ukraine. Discover how these measures aim to exploit Russia's economic vulnerabilities while ensuring ongoing pressure. Gain insights into refining these tactics to achieve meaningful concessions from Moscow. A deep dive into the resilience and challenges of the Russian economy under such external pressures.
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Target Russia's Current Account
- Policymakers should focus on Russia's current account vulnerability.
- Sanctions should increase import costs, cut export revenues, and encourage capital flight, pressuring the ruble.
Sanctions Impact Review
- Western sanctions post-2022 invasion had mixed results, both successes and limitations.
- Policymakers need to refine their sanctions strategy based on the last three years.
Leveraging Sanctions in Negotiations
- Negotiators should use sanctions as leverage.
- Sanction removal should be exchanged for tangible concessions from Moscow, considering their varying effectiveness.