Cost-Benefit Analysis of Economic Sanctions

Video Summary

In this video Dursun Peksen discusses the increasing complexity of using sanctions as a political tool and its profound impact on humanitarian organizations. They highlight the challenges faced in understanding the intricate nature of various sanctions regimes, as well as the legal implications affecting their operations. The speaker emphasizes the dedication of substantial resources and manpower to navigate the complexities and address challenges related to sanctions.

One major consequence discussed is the difficulty in processing payments to heavily sanctioned countries due to bank de-risking. The prolonged processing times for payments, including salaries and program expenses, have significantly hindered the effectiveness of humanitarian operations. Additionally, the limited number of suppliers available in sanctioned regions has led to higher costs, reduced options, and a decline in the quality of products and services. The speaker also touches upon the need for ongoing dialogue between humanitarian organizations and sanctioning authorities to address these challenges, highlighting some progress made but acknowledging the ongoing work required to find common ground and overcome obstacles.

This video was recorded during the Center’s Responsible Business dialogue program: The Efficacy of Economic Sanctions.  The dialogue took place in Istanbul in September 2023.

Speaker Biography

Dursun Peksen is professor of political science in the Department of Political Science at the University of Memphis. He has published over 60 articles on economic sanctions, armed interventions, human rights, political violence, and democratization. His articles have appeared in several academic journals such as International Studies Quarterly, Journal of Conflict Resolution, Journal of Politics, Comparative Political Studies, Journal of Peace Research, European Journal of International Relations, European Journal of Political Research, and Word Development.


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