Assessing U.S. Sanctions: Impact, Effectiveness, Consequences

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Cosponsored by the Kennan Institute and the Henry M. Jackson Foundation

The unfolding crisis in Ukraine has the United States and its European allies struggling to find a way to respond to Russia’s actions and continuing violation of Ukrainian sovereignty. To date, that response is centered on calibrated but escalating sanctions against Russia. Once again, American reliance on sanctions as an essential foreign policy tool is on display.

The deployment of sanctions as the primary response directed at a foreign government has ample precedent in modern American foreign policy. Given the importance and likely duration of the conflict in Ukraine, this is an important moment to examine the impact, effectiveness, and consequences of U.S. and U.S.-led sanctions as a policy tool. Past and current examples of sanctions, including Iran, South Africa, Cuba and others will provide important context for understanding the role that sanctions play in American statecraft.