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Modern War Institute

On War and Sanctions

Modern War Institute

John Amble

Government, News

4.7798 Ratings

🗓️ 15 June 2022

⏱️ 64 minutes

🧾️ Download transcript

Summary

While Ukrainian forces have fought to defend against Russia's invasion since February, the war's conduct has been influenced by international involvement—namely, the supply of weapons and equipment Ukraine has received from its foreign supporters. But as the United States, its European allies, and other countries around the world have offered military assistance, they have also been active on another front: putting in place a massive sanctions regime targeting Russia. That's the subject this episode explores. John Amble is joined by Edward Fishman, a former government official who worked extensively on sanctions policy and is now an adjunct senior fellow at the Center for a New American Security and a nonresident senior fellow at the Atlantic Council.

Transcript

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0:00.0

I think a lot of this, you know, a lot of the pathologies of sanctions really are rooted

0:08.8

in the fact that we don't have a robust policy infrastructure in place for executing sanctions.

0:15.7

You know, the White House wasn't even sure that they were going to go after VTB, you know,

0:19.0

the second largest bank in Russia. And then, you know, a week into the war, they had sanctioned the central bank of after VTB, you know, the second largest bank in Russia. And then,

0:21.3

you know, a week into the war, they had sanctioned the central bank of Russia, which is by any measure

0:25.8

the largest sanctions target in modern history.

0:30.3

Hey, welcome back to the Modern War Institute podcast. I'm John Amble, editorial director at

0:34.7

MWI. And for the past few months, we have published a ton of

0:38.2

articles and podcast episodes analyzing and commenting on the war in Ukraine. Most of them have

0:44.0

been centered on, or at least related to the military aspects of that conflict, from drones to

0:49.0

armor, from tactics to strategy, and from a precise focus on Ukraine to the wider implications for NATO.

0:56.0

The military conduct of that war has had a substantial international component

1:00.0

as Ukraine's foreign supporters have supplied a wide range of weapons and equipment.

1:04.0

But alongside providing that support, there's another role being played by the United States,

1:08.0

its European allies and partners around the world, putting in place

1:11.9

a massive sanctions regime targeting Russia. We're going to explore that topic on this episode.

1:17.8

To do so, I'm joined by Edward Fishman. He is a former government official who worked extensively

1:22.6

on sanctions policy, and he is now an adjunct senior fellow at the Center for New American

1:26.7

Security and a non-resident senior fellow at the Center for New American Security and a

1:27.8

non-resident senior fellow at the Atlantic Council.

1:30.9

He also teaches a graduate level seminar on economic statecraft at Columbia University, so he has

1:35.9

a really insightful perspective on the subject of sanctions.

...

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