Peter Harrell, nonresident fellow specializing in US-China relations, discusses Russia sanctions, US-China relations in 2024, Capitol Hill priorities. Topics include potential frictions in US-China relations, Russia sanctions developments, and concerns about terrorism finance risks. The podcast explores efforts to prevent sanctions evasion, surprising responses to Russian sanctions, and upcoming events impacting the US-China relationship.
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insights INSIGHT
Sustained Pressure on Russia
The US and its allies remain committed to maintaining economic pressure on Russia.
Key areas to watch include Executive Order 14114, the price cap on Russian oil, and the potential seizure of frozen Russian assets.
volunteer_activism ADVICE
Countering Sanctions Evasion
Engage with third countries to address sanctions evasion by Russia.
Impose consequences on companies facilitating trade that violates sanctions.
insights INSIGHT
Surprising Developments in Sanctions Landscape
Western allies have shown surprising unity in maintaining sanctions against Russia.
Russia's macroeconomic response to sanctions has been surprisingly effective in the short term.
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‘There are going to be frictions – I think what we can hope for is that both sides will try to figure out a way to just kind of manage through the bumps in the relationship, and so while there will be challenges, and while there will be bumps, at the strategic level the relationship will remain broadly stable – at least that’s the hope.’
-Peter Harrell on US-China relations in 2024
In the latest episode of the Sanctions Space Podcast, Justine is joined by Peter Harrell, nonresident fellow at Carnegie Endowment for International Peace and attorney. They discuss recent and anticipated Russia sanctions developments (including EO 14114, increasing focus on third countries, and price cap developments), what may be in store for US-China relations and export controls, and priorities on Capitol Hill for 2024.
Peter E. Harrell is a nonresident fellow at the Carnegie Endowment for International Peace. He also serves as an attorney advising companies and investors on international legal, regulatory, and geopolitical risks. As a member of Carnegie’s American Statecraft program, Harrell’s research focuses on issues of U.S. domestic economic competitiveness, trade policy, and the use of economic tools in U.S. foreign policy. Among a number of previous senior roles, from January 2021 through 2022, Harrell served at the U.S. White House as Senior Director for International Economics, jointly appointed to the National Security Council and the National Economic Council.
Read Peter’s bio at https://carnegieendowment.org/experts/2357
Sanctions Space