People, Policy and Putin: the long-term effects of sanctions on Russia

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Given Russia’s actions in Crimea and Eastern Ukraine, the international community has used its only forceful non-military weapon in trying to persuade Russia to cease its military activity: sanctions. Both Russia and Western governments have made it clear that, even if the conflict in Ukraine is resolved and sanctions are lifted, the previous status quo will not be restored. The long term effects of sanctions on Russia will be significant not only for the Russian government, but for Western policymakers implementing them, businesses and of course the Russian people. This panel aims to explore some of the potential long-term impacts of sanctions on specific aspects of Russia’s relations.

The panel will consist of the following (in order of speaking)

Maya Lester will introduce EU sanctions against Russia from a legal perspective; how are they having an impact?  

Maya Lester is a barrister at Brick Court Chambers, specialising in European law, public law / human rights, and competition law.  She has a particular expertise in sanctions (both advisory work and litigation), and co-writes a blog on European sanctions law:  

Oksana Antonenko will discuss the long-term domestic political implications of sanctions on Russian society, from Putin’s support base to the middle class and economic elites.

Oksana Antonenko is the Senior Political Counsellor at the European Bank for Reconstruction and Development responsible for providing assessments of political developments in Russia, Turkey, Armenia, Slovakia and Hungary for EBRD’s Senior Management and the Board.  She previously spent 15 years at the International Institute for Strategic Studies where she was Senior Fellow focusing on domestic political evolutions, security challenges and foreign policy issues in Eurasia. 

Dr Shamil Yenikeyeff will discuss the Russian oil and gas sector post-sanctions, and the lessons learnt for policy-makers and international business.

Dr Shamil Yenikeyeff is the Director of Oxford International Centre, and former fellow at Oxford Institute for Energy Studies.

Tom Firestone will discuss the geopolitical effects of sanctions on US-Russia relations. 

Tom Firestone is Senior Counsel in the London office of Baker & McKenzie, where he specializes in international white collar criminal and FCPA defense.  Prior to joining Baker & McKenzie, Tom spent 14 years with the U.S. Department of Justice.  He spent half of this time as the Resident Legal Adviser at the U.S. Embassy in Moscow.  He was twice awarded the State Department Superior Honor Award for his work in Russia and also received awards from the Russian Federal Anti-Monopoly Service and the Moscow Oblast Advocates Chamber for his work in promoting U.S.-Russian cooperation and the rule of law in Russia. 

Refreshments will be available from 0830. The panel discussion will run from 0900-1030.

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