How Russia’s invasion of Ukraine changed economic statecraft

Panel discussion featuring Daniel W. Drezner, Professor of International Politics at the Fletcher School of Law and Diplomacy at Tufts University

In response to Russia’s invasion of Ukraine, the US and its allies have blown the top off of sanctions to cripple the Russian financial system. While still early in the game, we want to take a moment to reflect on what this means for economic statecraft as a whole. How do these unprecedented sanctions–by some accounts a financial war– demand a reassessment of how economic and financial tools direct national security decision-making? 

As North American, European, and East Asian partners attempt to stall out Putin’s war using economic leverage, please watch the Atlantic Council’s Economic Statecraft Initiative event from Thursday, March 17, 2022 discussing what has changed for economic statecraft and what to watch for going forward. How will markets adapt? Will global currencies adapt to new roles? What are potential unforeseen consequences of wiping out a G20 economy in a matter of weeks?

Panelists include Daniel Drezner, professor of international politics at Fletcher School of Law and Diplomacy, Jonathan Hackenbroich, policy fellow at European Council on Foreign Relations, and Carla Norrlöf, associate professor of political science at the University of Toronto for this discussion. Julia Friedlander, director of the Economic Statecraft Initiative at the Atlantic Council, moderates. 

This is republished from the Atlantic Council.