The opening salvos of the U.S. response to Russia’s 2022 invasion of Ukraine came from an unlikely place. As Ukrainian President Volodymyr Zelensky pleaded for ammunition, Commerce and Treasury Department officials rapidly deployed extensive and novel economic weapons against Russia. In Washington, these measures represent the elements of economic statecraft, an important but largely undefined concept.
Since at least 2011, senior government officials have used the concept of economic statecraft to explain the tools of U.S. economic power for foreign policy and national security purposes. These include economic sanctions, inbound and outbound investment review, export controls, economic diplomacy, and directThe post Operationalizing a Doctrine for U.S. Economic Statecraft appeared first on War on the Rocks.