How Sanctions Impact the Global Economy
June 15th, 2023 12:00PM -1:00PM
Sanctions have become an important tool of modern statecraft. The United States is currently sanctioning dozens of countries—from Afghanistan to Zimbabwe—to promote its foreign policy objectives. In the UN Security Council, there are currently 15 ongoing sanctions regimes. Economic sanctions are extensive – but are they effective? And in an interconnected global economy, can their impacts be limited to the intended targets or do they necessarily disrupt trade and financial flows?
Join us on June 15 for a virtual conversation with leading sanctions expert Justyna Gudzowska as we explore if and when sanctions work and who ultimately bears the cost of proliferating sanctions.
About Our Speaker
Justyna Gudzowska has spent over a dozen years combating financial crime. She currently serves as the Director of Illicit Finance Policy at The Sentry, an investigative and policy organization that seeks to disable multinational predatory networks that benefit from violent conflict, repression, and kleptocracy. She devises innovative ways to use financial pressures to create leverage for peace, human rights, and good governance. In this capacity, she frequently liaises with governments around the world; the private sector (in particular global banks); and civil society. Prior to joining The Sentry, Justyna was an Executive Director at Morgan Stanley, leading and overseeing the implementation of sanctions for the bank’s offices across the globe and its more than 60,000 employees.
Justyna had been appointed by United Nations Secretary General Ban Ki-moon to advise the Security Council on countering the financing of terrorism, in particular ISIS and Al-Qaida. Before serving at the UN, she was a legal advisor to the Office of Foreign Assets Control (OFAC) at the U.S. Department of the Treasury, where she advised on the full spectrum of economic sanctions issues. Earlier in her career, she worked as an associate at the international law firms Cleary Gottlieb Steen & Hamilton and at Debevoise & Plimpton.
Justyna received her JD from Yale Law School, where she served as Development Editor for the Yale Journal of International Law and was a student director of the Schell Center for International Human Rights. She holds master’s degrees from the University of Cambridge and the London School of Economics, where she was a Marshall Scholar, and a B.A. from Rice University.
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