RIETI Open BBL Webinar

The Sword and the Shield: The economics of targeted sanctions


The Russia-Ukraine War of 2022 has unleashed the most comprehensive sanctions regime against Russia in recent memory. However, questions remain as to how effective they would be? Dr. Ahn shall discuss his research into the effects of the previous US-EU sanctions regime from 2014 to 2016, the first study using detailed firm and individual-level data to precisely measure the empirical impact of targeted sanctions. Dr. Ahn shall describe his findings, his hypothesis into the mechanisms on how sanctions work, how the target responded, their policy implications, and some lessons for today and for future sanctions regimes.


  • Time and Date: 12:15-13:15, Thursday, July 21, 2022
  • Venue: Online
  • Language: English
  • Admission: Free
  • Hosts: Research Institute of Economy, Trade and Industry (RIETI)
  • Contact: Ms. UENO, Conference Section
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  • Speaker: Daniel AHN (Global Fellow, Wilson Center)

    Dr. Daniel P. Ahn is the co-founder and CEO of Delfi Labs, a fintech start-up bringing sophisticated but affordable AI-driven risk management solutions to all companies. He is also a Global Fellow at the Woodrow Wilson International Center for Scholars.
    Previously, he was a Managing Director, the Chief U.S. Economist, and Head of Markets 360 – North America at BNP Paribas in New York. From 2014 to 2018, Dr. Ahn served at the U.S. Department of State, where he was the chief economist advising the Secretary of State and senior principals on a wide range of international economic and security topics relevant to U.S. foreign policy, including global macroeconomic growth, financial stability, economic sanctions, international trade, and energy and environmental issues.
    Prior to entering public service in 2014, Dr. Ahn was the chief economist for energy and commodities at Citigroup in New York and also held senior positions at Citadel, Barclays Capital, and Lehman Brothers. He has held research and teaching positions at Harvard University, the National Bureau of Economic Research, Columbia University, the Council on Foreign Relations, the International Monetary Fund, Johns Hopkins School of Advanced International Studies, Georgetown University, and the U.S. Federal Reserve Board of Governors.
    He is the author of multiple research articles, Congressional testimony, and a textbook, Principles of Commodity Economics and Finance with MIT Press.
    He was featured in Forbes Magazine as one of 30 under 30 in Finance in 2013, and was selected as a Young Global Leader of the World Economic Forum in 2021. He is the recipient of both the Superior Honor Award and the Meritorious Honor Award from the U.S. Department of State for his work on the economics of sanctions and counter-terrorist financing.
    He completed his A.B. in economics and finance with honors from Princeton University, and his Ph.D. in economics from Harvard University.

  • Commentator: TAKEUCHI Maiko (Consulting Fellow, RIETI)
  • Moderator: SABURI Masataka (Director, PR Strategy, RIETI / Special Advisor to the Minister, METI)