IFT hosted

Do Global Sanctions work?

March 23, 2021 - online


Do Global Sanctions work?

This event was hosted in partnership with Spectator Events.

Sanctions have long been viewed as an alternative to military intervention: instead of boots on the ground, economic pressure is applied to change a country’s behaviour. But is this instrument really working? Despite America’s export controls on China and Iran, the UK’s financial sanctions on Russia, and many western countries’ restrictions on Venezuela, the world’s dictators are still storming ahead with their agendas. The West increasingly seems to be at a disadvantage, and geopolitical tensions continue to rise.

While sanctions have become an increasingly popular foreign policy tool, they have also become harder to navigate and assess. Can targeted, well designed sanctions force rogue states and human rights abusers to change their ways, or has their effectiveness worn thin? Are tariffs and embargoes really the best tools we have in our foreign policy kits, or are more innovative solutions needed? Should we be looking into the shadows at those who would help countries avoid sanctions?

These were some of the questions discussed in a panel chaired by The Spectator’s Andrew Neil, featuring Lord Hannan, Tom Tugendhat MP, Maya Lester QC and the FT’s Tom Burgis.

The full video can be watched back here: https://youtu.be/VfFksUTs1Mg

Do Global Sanctions work?