Maria Shagina
Appearances
Global News Podcast
Israel attacks Gaza in ground offensive
The US sanctions is part of the broader transatlantic coalition, and we have unprecedented sanctions imposed on Russia. Russia is now the most sanctioned country in the world with more than 17,000 measures being put in place, and we can roughly break them down in three categories, which is energy sanctions, trade-related sanctions, including financial sanctions, but also on dual-use goods.
Global News Podcast
Israel attacks Gaza in ground offensive
Trump has some sort of truth there. And I think he's correct on two things, that despite the title that Russia is the most sanctioned country in the world, it doesn't mean it belongs to the category of heavily sanctioned jurisdictions such as Iran, Syria, North Korea. In terms of
Global News Podcast
Israel attacks Gaza in ground offensive
quality of sanctions there is still a lot of room to ramp up sanctions and when trump was announcing policy towards russia he talked about ending the war and using sanctions to bring russia to the negotiating table so what might that mean then in practice do you think well i think there is a big unpredictability whether trump is seriously thinking about using sanctions as a lever on russia
Global News Podcast
Israel attacks Gaza in ground offensive
His messaging has been very contradictory. On the very same day, he said that he's strongly considering imposing sanctions on Russia, on the energy sector in particular, but also he has instructed the US Treasury to come up with a plan about easing sanctions. And a lot of that will depend on how the peace talks will proceed.
Global News Podcast
Israel attacks Gaza in ground offensive
So in theory, he can do a couple of things. First of all, enforcement. Sanctions haven't been enforced as watertight as it could have been. And that concerns not just the US, but also other jurisdictions like the EU and UK. Second, financial sanctions, imposing any secondary sanctions on financial institutions, in particular based in China and India.
Global News Podcast
Israel attacks Gaza in ground offensive
because at this moment Russia doesn't feel the need to come to the negotiating table because it can create parallel supply chains. And finally, there is also pressure on the oil sector that has been lacking.
Global News Podcast
Israel attacks Gaza in ground offensive
I don't think so, simply because, as I said, Russia doesn't feel the pressure right now to come to negotiating table because sanctions haven't been as effective. The enforcement hasn't been as watertight. So by sending a signal that there will be no pressure, Russia is actually interested in maximizing its goals.