Do Economic Sanctions Work?

One of the tools of modern diplomacy against states like Afghanistan, Iran or Russia is to impose economic sanctions. These can take the form of prohibiting trade, asset freezes, impounding ships and property; and they can be imposed on high profile figures like Roman Abramovich, or thousands of lesser known individuals, with 5,300 people currently on the UK Sanctions List.

But how effective are sanctions; how easily are they circumvented; and what is their impact on the countries targeted?

Meet the speakers

Chloe Cina is a Consultant at Robertson Pugh Associates LLP and a Senior Associate at the Royal United Services Institute’s Centre for Finance and Security and member of its UK Sanctions Implementation and Strategy Taskforce. Prior to her current roles, Cina was Deutsche Bank’s Head of Global Sanctions Advisory – leading a team of international lawyers amidst Russia’s invasion of Ukraine and subsequent sanctions and UK Head of Sanctions at HSBC. Before her private sector roles, Cina was an Assistant Legal Advisor at the Foreign and Commonwealth Office – leading the UK’s Iran nuclear legal team from 2014 to 2016.

Maria Nizzero is the Head of Sanctions Policy at UK Finance, a trade association for the UK's banking and financial services industry. Before her current role, Nizzero was a Research Fellow at the Centre for Finance and Security at the Royal United Services Institute where she examined the UK, EU and global financial crime landscape, asset recovery and sanctions, and the foreign policy dimension of illicit finance. During her time at RUSI, she was a member of the Transatlantic Response to Illicit Finance (TARIF) Taskforce, the UK Sanctions Taskforce, and the UK Financial Action Task Force (FATF) Taskforce.

Olga Dimitrescu is Head of Engagement for the Oil Price Cap in the Office of Financial Sanctions Implementation, HM Treasury. Her team is responsible for setting and implementing the sanctions engagement for the Russian oil price cap as well as promoting compliance with the UK regulations implementing it.

Chair: Prof. Robert Hazell is Professor of Government and the Constitution in the UCL Department of Political Science and School of Public Policy.

Recording

This event will be recorded and the video will be uploaded to our YouTube channel.

You can subscribe to our YouTube channel to be alerted when the recording is uploaded.

Seating and tickets

Seats are allocated on a first come, first served basis. We cannot guarantee you a seat, but it is very unusual that we have to turn someone away.

Accessibility

• The corridor outside the lecture theatre(s) is sufficiently wide enough (150cm+) to allow wheelchair users to pass.
• There is step free access into the lecture theatre(s).
• The door opening width(s) is/are 75cm+ for the lecture theatre(s).
• There are designated spaces for wheelchair users within the lecture theatre(s), located at the back.
• There is level access to the designated seating from an entrance.
• There is space for an assistance dog.
• There is a hearing assistance system for the lecture theatre(s).
• There is not a visual fire alarm beacon in the lecture theatre(s).

For more accessiblity info and an access guide please visit Accessable

If you have accessibility needs, please let us know and we will do our best to help. Contact spp@ucl.ac.uk