10:30 am EDT - 12:00 pm EDT

Past Event

Sanctions on Russia: What’s working? What’s not?

Tuesday, May 28, 2024

10:30 am - 12:00 pm EDT

The Brookings Institution
Falk Auditorium

1775 Massachusetts Ave NW
Washington, D.C.

In response to Russia’s invasion of Ukraine in February 2022, the U.S. and its allies imposed an unprecedented set of sanctions on the Russian economy including restrictions on Russian imports of high-tech goods, limits on Russia’s revenues through a price cap on its oil exports, and financial sanctions against Russian banks and government entities. Although there are many clear sanction successes, Russia’s economy to date has proved more resilient than many expected, and sanctions have not deterred Putin’s aggressive military campaign.

On May 28, the Economic Studies and Foreign Policy programs at Brookings considered the effectiveness of the sanctions and ways to tighten them with the release of a series of working papers and a conversation. Daleep Singh, deputy White House national security advisor for international economics, delivered keynote comments. His remarks were followed by a panel with economist Yuriy Gorodnichenko of the University of California-Berkeley, who wrote one of the essays, Agathe Demarais of the European Council on Foreign Relations, and Brookings Senior Fellow Fiona Hill. The panel was moderated by Reuters Diplomatic Correspondent Arshad Mohammed.

Viewers joined the conversation and ask questions of the speakers by emailing [email protected] or on X/Twitter at @BrookingsEcon and/or @BrookingsFP using the hashtag #Sanctions.

Download the working papers:

Registration is required to attend this event in person. Guests at Brookings are required to attest to their state of health before attending. Visitors may not enter the building if they are feeling ill for any reason, have any symptoms commonly associated with COVID-19, have recently tested positive for COVID-19 and do not yet meet the criteria to resume normal activities based on current CDC guidance, or have been advised by their healthcare professional or otherwise to not enter any space where some persons may not be vaccinated.