Skip to main content
  • Home
  • About
  • Faculty Experts
  • For The Media
  • ’Cuse Conversations Podcast
  • Topics
    • Alumni
    • Events
    • Faculty
    • Library
    • Students
    • All Topics
  • Contact
  • Submit
Media Tip Sheets
  • All News
  • Arts & Culture
  • Business & Economy
  • Campus & Community
  • Health & Society
  • Media, Law & Policy
  • STEM
  • Veterans
  • |
  • Alumni
  • The Peel
  • Athletics
Sections
  • All News
  • Arts & Culture
  • Business & Economy
  • Campus & Community
  • Health & Society
  • Media, Law & Policy
  • STEM
  • Veterans
  • |
  • Alumni
  • The Peel
  • Athletics
  • Home
  • About
  • Faculty Experts
  • For The Media
  • ’Cuse Conversations Podcast
  • Topics
    • Alumni
    • Events
    • Faculty
    • Library
    • Students
    • All Topics
  • Contact
  • Submit
Media Tip Sheets

Sanctions against Russian oligarchs. Do they work?

Tuesday, March 7, 2023, By Ellen Mbuqe
Share
RussiaSanctions

Last week the US Department of Justice announced that it is in its second phase of the campaign Task Force KleptoCapture which would focus on the enablers of Russian oligarchs who try to evade sanctions imposed on Russia since the invasion of Ukraine.

Daniel McDowell, associate professor at Syracuse University with a research focus on the international politics of money and finance. He studies and writes about sanctions, whether it is against individuals or entire nations. His book Bucking the Buck: US Financial Sanctions and the International Backlash Against the Dollar(Oxford) comes out this month.

In regards to the newest phase of Task Force KleptoCapture, he had this to say:

  • “The theory behind targeting Russia’s economic elite is that they are powerful voices within the political system, and they will respond to the economic pain of sanctions by pressing Putin to revise his war aims. In other words, sanctioning oligarchs is a way to apply coercive pressure on important actors within Russia which, in turn, could help change Putin’s behavior,” said McDowell.
  • “However, Western policymakers now acknowledge that the end game of the sanctions regime is less about coercion than it is about weakening the Russian economy to diminish its capacity to wage war. Sanctioning Russian billionaires does little to degrade Russian military capabilities, and so they are minimal consequences at this stage of the conflict,” said McDowell.

To schedule an interview with Prof. McDowell. Please contact Ellen James Mbuqe, executive director of media relations, at ejmbuqe@syr.edu 412-496-0551.

 

  • Author

Ellen Mbuqe

  • Recent
  • Architecture Alumnus Christian Sottile G’99 Elevated to AIA College of Fellows
    Friday, March 31, 2023, By Julie Sharkey
  • Falk College and Whitman School Launch Dual Degree in Sport Management and Business
    Friday, March 31, 2023, By Dawn McWilliams
  • Call for Applications for 2023-24 Alexander N. Charters Adult Education Grants-In-Aid Program
    Friday, March 31, 2023, By Cristina Hatem
  • Sports Nutrition Expert Heidi Skolnik to Speak at the Falk College April 20
    Friday, March 31, 2023, By Valerie Pietra
  • Maxwell-in-Washington Graduate Student Mario Marquez Joins Call to Repeal War Authority in Iraq
    Friday, March 31, 2023, By Jessica Youngman

More In Media Tip Sheets

How to Talk to Kids and Teens About School Shootings

Syracuse University social work professor Tracey Marchese offers practical advice to parents and caregivers on how to approach sensitive topics associated with school shootings and violence. Tracey Marchese is a professor practice in the School of Social Work in Syracuse…

AI Ethicist Addresses Safety and Oversight Concerns

Artificial Intelligence is advancing at a rapid pace, and some top researchers are calling for a pause. An open letter issued by the Future of Life Institute argues for a 6-month pause on the training of AI systems more powerful…

America’s Pastime in Less Time: What to Expect as MLB Season Begins

The Major League Baseball (MLB) season opens this week with major changes in store. A pitch clock, new pickoff limits, bigger bases and rules on shifting infielders are all aimed at helping America’s pastime take up less time. Three Syracuse…

Experts Weigh In on 50th Anniversary of the U.S. Withdrawal from Vietnam

March 29, 2023 marks 50 years since the U.S. withdrew from the Vietnam War. Two of our Syracuse University faculty experts and military veterans weighed in on the anniversary. You can learn more about them and see their comments below….

Media Tip Sheet: How Will the Banking Crisis of 2023 Affect You?

How will the current banking crisis affect you? Gregory Germain, professor of law at Syracuse University’s College of Law, shared some insight below. If you’re interested in speaking with him for an interview, please reach out to Vanessa Marquette, media…

Subscribe to SU Today

If you need help with your subscription, contact sunews@syr.edu.

Connect With Us

  • Facebook
  • @SyracuseUNews
  • Youtube
  • Facebook
  • Instagram
  • Youtube
  • LinkedIn
  • @SyracuseU
  • @SyracuseUNews
  • @SUCampus
  • Social Media Directory
  • Accessibility
  • Privacy
  • Campus Status
  • Syracuse.edu
© 2023 Syracuse University News. All Rights Reserved.