The Russia-Ukraine War, Sanctions, and the G20's Relations with Russia

Economy Growth

Many Western companies ended their engagement in Russia without being urged. These sanctions have a negative effect on the wealth of Russian oligarchs, Russian state finances and the Russian economy.

However, it remains to be seen how the sanctions will affect Russian politics. Their motivation is not fully clear and unambiguous. For some observers, they were meant to raise the cost of war and to contribute to a timely end of the war, but for other observers they implicitly aim at a regime change, as it seems incomprehensible to go back to normal relations between the majority of G20 members and a Putin-led Russia. Some governments even demanded to exclude Russia from the G20. Others are more cautious.

The webinar discussed the potential effects of the sanctions regime imposed in late February. Against the background of complex empirical evidence of past sanctions periods and today’s geopolitical situation, the panelists assessed the opportunities and risks associated with the sanctions. They also considered their consequences for the relations of G20 members with the Russian government, and for the G20 itself.


Andreas Freytag (Moderator)
Friedrich-Schiller-University Jena, TIRN, T20 Indonesia, Co-Chair of TF1 Open Trade, Sustainable Investment and Industry 

Susan Hannah Allen (Panelist)
Department of Political Science, University of Mississippi

Yose Rizal Damuri (Panelist)
Centre for Strategic and International Studies, Jakarta, T20 Indonesia, Lead Co-Chair of TF 1 Open Trade, Sustainable Investment and Industry

Jeffrey Schott (Panelist)
Peterson Institute for International Trade, Washington D.C.

Maarten Smeets (Panelist)
World Trade Institute, Bern



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