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International Centre for Defence and Security
LMC 2022

Economic Pressure, Hard Foreign Policy Tool?

China, Economy, European Union, Russia, Transatlantic relations, Ukraine, United States, West

Queen, David Bowie, Under Pressure [1981]

The European Union has both the world’s largest economy in terms of GDP per capita and a firm commitment to democratic standards and values. Much of its power is normative and soft, but it has also sought to influence the mindsets and behaviours of partners through economic and regulatory means. In February 2021, the European Commission set out a new trade strategy based on the concept of ‘Open Strategic Autonomy’ which strives for values-based open and sustainable world trade.

Speakers

Daniel_Fried
Daniel Fried

Distinguished Fellow, Atlantic Council

Linas Linkevicius
Linas Linkevičius

Ambassador-at-large, Ministry of Foreign Affairs of Lithuania

Nicolas Tenzer

Chairman, Centre for Study and Reseach on Political Decision

Nathalie Tocci

Director, Istituto Affari Internazionali

Moderator

Steven Blockmans

Senior Fellow, Estonian Foreign Policy Institute at the ICDS

  • Can the EU maintain leadership in the shift from a norms- to a power-based world order?
  • How effective are sanctions as a foreign policy instrument?
  • Can the EU respond collectively to economic coercion?
  • How will Russia’s aggression against Ukraine and China’s growing ambitions affect the EU’s attitudes to global power?
  • How does the US fit into this picture?
Photos by Arno Mikkor. View all.
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