Sanctions: Diplomatic Tool or Warfare by Other Means?

For years sanctions have been an increasingly popular tool of policymakers, not just in the United States, but at the UN and around the world. During the recent showdown with Russian troop buildup on Ukraine’s border, Washington announced the harshest sanctions yet to simultaneously punish Russia and deter further escalation. Yet, sanctions have been on Russia for years, and even targeted ones do not always deter bad behavior. The tool is one that has also been criticized for being ineffective, resulting in unintended consequences, and used as a shortcut for thoughtful diplomatic engagement. What is the relationship between sanctions and diplomacy?
Join us for an hour-long panel discussion between Ambassador Daniel Fried, Weiser Family Distinguished Fellow at the Atlantic Council and Visiting Professor at Warsaw University; Dr. Erica Moret, Senior Researcher at the Centre for Global Governance and Visiting Lecturer at the Department of International Relations/Political Science at the Graduate Institute, Geneva; and Dr. Benjamin Coates, Associate Professor of History at Wake Forest University, on the question above and more.
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00:00 Introduction
3:40 From WW1 to today: the history of sanctions
8:40 What makes sanctions effective?
19:55 Working out the impacts of sanctions
28:40 Challenges of coordinating sanctions
32:45 Unprecedented sanctions on Russia
37:30 Would Bitcoin help Russia go around these sanctions?
39:50 Challenges of unilateral sanctions
42:40 Successes and failures of US sanctions on Russia
49:55 Sanctions as part of a larger strategy
51:50 Domestic political effects of sanctions
53:00 Redirection of frozen assets
56:25 Russia´s preparation for the sanctions