April 28, 2023

Women Leaders: Sanctions all around

A conversation with Ilana Bet-El

Sanctions have become central to the Western response to Russia’s invasion of Ukraine, with ever escalating packages being announced every few weeks, notably by the US and the EU. But sanctions did not start in 2022. Indeed, Russia was first sanctioned over Ukraine in 2014, after it annexed Crimea — and over decades states such as North Korea, Iran, Nicaragua and various others have been subject to a variety of restrictions, bans and many other measures, largely related to economics. As such, sanctions have clearly become a core tool of international statecraft; the question is: do they work?

A large majority of sanctions are economic, for after all: money makes the world go around. Therefore, in order to understand sanctions it is best to talk to economists, and in this episode Ilana Bet-El is joined by Agathe Demarais, Global Forecasting Director at the Economist Intelligence Unit, and Elina Ribakova, nonresident senior fellow at the Peterson Institute for International Economics and Vice President at the Kyiv School of Economics. Join them in a great conversation that starts from basics — what is an economist and the difference between strategy and tactics — and reaches far and wide in the world of economic statecraft and the war in Ukraine. If you want to know if sanctions work, listen closely!

The episode was recorded on the 21 April 2023

Share this page on 


This episode features:

Ilana Bet-El

Ilana Bet-El

WIIS Advisor

Agathe Demarais

Agathe Demarais

Global Forecasting Director - Economist Intelligence Unit

Elina Ribakova

Elina Ribakova

Nonresident senior fellow - Peterson Institute for International Economics & Vice President - Kyiv School of Economics



Music: Free from copyright
Production: Florence Ferrando

Other episodes

Women Leaders: Afghanistan – The Collapse of a House of Cards

August 30, 2023

Women Leaders: Speaking to Everyone, Staying on Message – The Spokesperson Crucial Role

July 24, 2023

#Bonus – Climate security reality check

July 6, 2023

Women Leaders: Defying stereotypes in counterterrorism

June 29, 2023

Women Leaders: The Wide World of Diplomacy and Trade

May 24, 2023

Women Leaders: Everyday is Women’s Day

March 8, 2023

Women Leaders: China All Around

February 9, 2023

Women Leaders: The beginning of a new cycle?

January 12, 2023

Women & Leadership: Journalism and media in the digital age

December 12, 2022

Women & Leadership: Breaking and Making Worlds

November 11, 2022

Women & Leadership: War in the Neighbourhood

October 21, 2022

Stay up-to-date, subscribe to our podcasts!

© 2022 WIIS-Brussels (ASBL) All Rights Reserved I Privacy Policy I Branding and website by Elza Lőw

Your cart is currently empty.

I want to learn more about the mentoring programme

Can’t get enough?

Get exclusive invitations and updates