News & Events

  • Tough sanctions loom against Russia, effectiveness uncertain

    February 24, 2022
    456

    After the threat of sweeping sanctions didn't deter Russia's attack on Ukraine, U.S. Treasury Department officials and their counterparts in Europe now face the task of carrying through on their vow to make Russia's economy and its elites pay a price. Key questions are whether sanctions will work and how to measure their impact. With inflation already at record highs, a global pandemic that keeps businesses struggling to reopen and an energy shortage throughout Europe, the right way to punish one of the world's major economies can be complex to tease out.

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  • When Redlines Fail: The Promise and Peril of Public Threats

    February 2, 2022
    123

    With Russia massing troops on its border with Ukraine and apparently readying for an invasion, U.S. President Joe Biden's administration has faced persistent questions about its redlines in that conflict. Senior U.S. officials have avoided spelling out exactly how much Russian aggression is too much, but they have stated clearly that a military invasion would trigger "massive" economic consequences for Moscow. Read Prof. Powers's full Foreign Affairs aritcle here. 

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