The popular narrative on sanctions is that they don't work. That's wrong. Sanctions are economic warfare and - while they aren't perfect - they're infinitely preferable to actual war. This series of The Brookings Institution videos discusses lessons we need to learn from Russia sanctions...

We're coming from an era of maximum globalization. Sanctions are rules that roll back this globalization and are thus subject to lots of interference from Western companies. Western governments need to shut down this lobbying. They failed to do that properly on Russia sanctions.

There's something much bigger at play than just Russia's terrible invasion of Ukraine. Sanctions are supposed to deter other aggressors - think of China and Taiwan. Sanctions can be highly effective, but we need to urgently learn the right lessons from our experience on Russia...

@BrookingsInst @H_Bouwmeester Nederlandse export naar RU via 3de landen zou ook wel wat meer onder de aandacht mogen.. Ook wij maken ons schuldig, net als de rest van de EU. (ik vroeg me al af of @robin_j_brooks ook van ons land de data had, hierbij dus)

Huge thanks to @kaur_rampr and @dmola_ for coming up with the idea for these videos, executing everything perfectly and making me sound much better than I normally do! Just so impressed...

@BrookingsInst You are delusional! Sanctions DONT work!

@BrookingsInst All I want from you Robin is an example of sanctions on commodities actually working (over an extended period) just ONE time in history. Price caps & trade controls have been tried MANY times going all the way back to Rome's Diocletian. I'm looking for ONE case you can point to.

@BrookingsInst this is the type of thinking that is destroying the west, and the US dolar.

@BrookingsInst Interestingly, you have provided many arguments for why sanctions in Russia have yet to accomplish any formulated objectives. Looking at the data of previous sanction regimes, I find little confidence in their effectiveness in bringing about stated policy objectives.

@BrookingsInst „Frankfurt“

@BrookingsInst 💯 Slava Ukraini