Assessment of the Effectiveness of Sanctions Against Russia

On May 5, PMC Research Center in collaboration with the Georgian Center for Strategy and Development (GCSD) conducted a presentation and panel discussion entitled “Assessment of the Effectiveness of Sanctions Against Russia.”

Nika Kapanadze, Researcher at PMC RC, presented its special issue following Russia’s invasion of Ukraine, including an overview of the most important sanctions imposed on Russia since 24 February 2022 and an assessment of the potential effectiveness of these sanctions. Meanwhile, Giorgi Goguadze, Senior Expert of the GCSD, presented an evaluation of the Russian-Ukrainian war and the strategic expectations of international research institutions.

”In the light of unprecedented sanctions that have been imposed on Russia in response to its unprovoked invasion of Ukraine on 24 February 2022, it is crucial to assess the potential economic effectiveness of those sanctions and to provide recommendations for expanding and modifying those sanctions accordingly. The key findings of the publication include that even though the sanctions imposed so far have been significant, the overall impact of these will be limited and will remain only moderately effective in the medium term, unless certain loopholes, most importantly the exemptions related to the energy sector, are closed,” said Kapanadze.

The second part of the event entailed a panel discussion, where the main issues presented during the event were discussed. The discussion was attended by Natia Seskuria  (Associate Researcher at the Royal Institute for Defense and Security Studies – RUSI) and Giorgi Khishtovani (Head of Research at PMC RC).

Follow the link to watch the event: https://bit.ly/3syC3nz