Hidden Forces

How Sanctions and Export Controls Weaponize Global Trade & Finance | Agathe Demarais


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In Episode 293 of Hidden Forces, Agathe Demarais, the Global forecasting director at the Economist Intelligence Unit (EIU) and author of Backfire, joins us for a discussion about the ripple effects of US sanctions and export controls, how they are reshaping the global economy by weaponizing trade and finance, and the steps that countries are taking to insulate themselves from the US Dollar-based global financial and trading system.

This episode is part of a series of conversations that we've curated on the role and future of the US dollar, the reorganization of international trade along geopolitical lines, and the evolving impact of great power competition on global trade and finance.

In the first hour of their conversation, Agathe and Demetri discuss the origins and evolution of US sanctions policy and how it has been applied successfully and unsuccessfully in countries like Cuba, North Korea, Iran, and Russia. The discussion on Russian sanctions continues into the second hour where Agathe and Demetri also explore the subject of export controls and the US Commerce department's recent announcement that it would be restricting the ability of China's economy to obtain or otherwise manufacture specific high-end semiconductor chips used in many military and commercial technologies and applications. They also discuss what China, Russia, and other members of an emergent "anti-American" coalition of nation-states are doing to try and insulate their economies and financial systems from the US dollar and Western sanctions.

You can subscribe to our premium content and gain access to our premium feed, episode transcripts, and Intelligence Reports at HiddenForces.io/subscribe.

If you want to join in on the conversation and become a member of the Hidden Forces genius community, which includes Q&A calls with guests, access to special research and analysis, in-person events, and dinners, you can also do that on our subscriber page. If you still have questions, feel free to email [email protected], and Demetri or someone else from our team will get right back to you.

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Producer & Host: Demetri Kofinas

Editor & Engineer: Stylianos Nicolaou

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Episode Recorded on 01/11/2023

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