Following Russia’s full-scale invasion of Ukraine in 2022, the West initiated the most comprehensive economic war in human history. The US, EU, and UK announced a range of well-coordinated sanctions against Russia which included export restrictions, freezing assets, excluding the Russian Central Bank from SWIFT, and banning flights. It was an example of transcending the Enduring Disorder with the main Western powers working together seamlessly. 

But seen in hindsight were these effective? Did they degrade Russia’s fighting capacity? Does kicking a state out of the globalized economy actually hit Disordering states, like Putin’s Russia or Iran, where it hurts? Do they help avoid future aggression? Or do they facilitate the rise of a ‘Disorderer’s Club’ where sanctioned autocracies merely trade with each other and form common cause against the West? 

In this’ investigative’ episode of Disorder, Jason Pack is joined by Bloomberg journalist, Stephanie Baker, author of ‘Punishing Putin: Inside the Global Economic War to Bring Down Russia.’ The pair explore different theories of whether economic integration prevents wars, the effectiveness of sanctions, the fear of blowback, the role of oligarchs in Putin's regime, and the impact of the novel $60 a barrel ‘oil price cap’ on Russia's economy. Plus: as they Order the Disorder, they look at whether methods like the oil price cap could be used to deter Iran, the need for a coordinated international response (which includes players like the UAE), and how targeting Putin’s access to high-end semi-conductors could help undermine his authoritarian power. 

Producer: George McDonagh 

Exec Producer: Neil Fearn 

Show Notes Links 

Listen to our episode with Marcel Dirsus Ep67. ‘Dictators’ Disordering Quest for Internal Security’: https://pod.link/1706818264/episode/bcd89a117331e217c82af1d018e28d9e  

Listen to our episode with Tom Burgis which sheds light on why authoritarian states outsource their economic functions and corruption: https://pod.link/1706818264/episode/e003625c25e8ce63dda398369bfea54b  

For more on Stephanie visit: https://stephaniebakerwriter.com/  

Get Stephanie’s book, Punishing Putin: Inside the Global Economic War to Bring Down Russia: https://www.simonandschuster.com/books/Punishing-Putin/Stephanie-Baker/9781668050583  

Readna review of Punishing Putin: https://foreignpolicy.com/2024/09/13/punishing-putin-review-us-economic-sanctions-russia-war-ukraine/  

Read more from Stephanie on how Seizing a Russian Superyacht is much more complicated than you think: https://stephaniebakerwriter.com/stories-archive/russian-oligarch-s-seized-yachts-are-costing-tax-payers-millions  

And for some amusement amidst all the seriousness, Read ‘Giuliani Has Curious Links to a Jewish Village in Ukraine’ by Stephanie https://stephaniebakerwriter.com/stories-archive/guiliani-link-to-jewish-village-ukraine  

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