Channel: Hoover Institution

Category: News & Politics

Tags: preventing warrussian sanctions

Description: Monday, April 25, 2022 Hoover Institution, Stanford University The Hoover Institution Technology, Economics, and Governance Working Group hosted A Conversation about Russian Sanctions and the Future of Sanctions on Monday, April 25, 2022. In the lead up to and aftermath of Russia’s invasion of Ukraine, sanctions have been Western governments’ tool of choice to de-escalate Russian aggression. On April 6th, the White House announced a new package of economic restrictions coordinated with the G7 and European Union (EU), including US actions to “ban new investment in Russia, and impose the most severe financial sanctions on Russia’s largest bank and several of its most critical state-owned enterprises and on Russian government officials and their family members.” Additionally, the EU is reportedly drafting an embargo on Russian oil products despite the potentially severe consequences for Europe and the global energy market. Despite these cost-imposing measures, there is no sign that Putin will compromise his objectives in Ukraine or meaningfully withdraw Russian forces. Technology, Economics, and Governance Working Group Co-Chair, John B. Taylor leads a virtual discussion with Condoleezza Rice, Stuart Levey, and Benjamin Moll exploring the effectiveness of Western sanctions and how Europe, and Germany in particular, could mitigate the impact of a Russian oil embargo at home. The Hoover Institution Technology, Economics, and Governance Working Group hosted A Conversation about Russian Sanctions and the Future of Sanctions on Monday, April 25, 2022. In the lead up to and aftermath of Russia’s invasion of Ukraine, sanctions have been Western governments’ tool of choice to de-escalate Russian aggression. On April 6th, the White House announced a new package of economic restrictions coordinated with the G7 and European Union (EU), including US actions to “ban new investment in Russia, and impose the most severe financial sanctions on Russia’s largest bank and several of its most critical state-owned enterprises and on Russian government officials and their family members.” Additionally, the EU is reportedly drafting an embargo on Russian oil products despite the potentially severe consequences for Europe and the global energy market. Despite these cost-imposing measures, there is no sign that Putin will compromise his objectives in Ukraine or meaningfully withdraw Russian forces. Technology, Economics, and Governance Working Group Co-Chair, John B. Taylor leads a virtual discussion with Condoleezza Rice, Stuart Levey, and Benjamin Moll exploring the effectiveness of Western sanctions and how Europe, and Germany in particular, could mitigate the impact of a Russian oil embargo at home.