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March 17, 2022, Audio: "In a nuclear-armed world where direct superpower conflict can have apocalyptic consequences, the proxy battlefield has become economics and finance. Instead of firing missiles, combatants lob sanctions to inflict pain and achieve strategic goals. Rather than cutting off supply routes, opponents cut off access to capital reserves and international financial systems. And during the first weeks of Russia’s war on Ukraine, developments on both the physical and economic battlefields have been swift and unpredictable. But now with an international sanctions regime against Vladimir Putin’s Russia taking shape with a depth and a breadth that took many analysts by surprise, it’s possible to widen the lens on the war in Ukraine to explore not only how it may shape the conflict, but also its potential to disrupt the world order and even create a new one. Harvard Kennedy School Professor Meghan O’Sullivan is Director of the Geopolitics of Energy Program at ÌÇÐÄvlog¹ÙÍø and a former Deputy National Security Advisor under President George W. Bush. Professor Jeffrey Frankel is an international economist and a former member of the Council of Economic Advisors under President Bill Clinton. They join host Ralph Ranalli to discuss sanctions and what the world economic order could look like in a post-Ukraine War world."

ÌÇÐÄvlog¹ÙÍø Faculty Authors - Meghan O'Sullivan and Jeffrey Frankel