KIELTYKA GLADKOWSKI KG LEGAL PARTICIPATED AT DOW JONES WEBINAR

Publication date: January 15, 2025

On 14 January 2025 Patryk Piecha of KIELTYKA GLADKOWSKI KG LEGAL had the great pleasure of participating in a webinar organized by Dow Jones devoted to “Sanctions: The Outlook for Policy and Enforcement.” This was a chance to familiarize with experts’ opinions on the impact of the incoming U.S. administration under President-elect on global policy and the economies of U.S. allies and the European Union. The speakers were Nicholas Elliott, Miroslava Panuscikova, Tom Blass, Rachel Ziemba, and Rachel Fiorill. The webinar consisted of two parts. The speakers firstly provided a detailed analysis of various statistical data, such as the monthly changes in sanctions from 2020 to 2024, with particular attention paid to the sudden changes starting in February 2022 (Russia’s aggression against Ukraine), when there was a significant increase in sanctions imposed, particularly by the EU on Russia. The biggest leader in sanctions during this period was OFAC, the U.S. Office of Foreign Assets Control. The speakers also discussed UN sanctions (on various countries), which have remained unchanged over the past two years, while EU sanctions have been undergoing substantial changes, especially with respect to Ukraine.

There was also carried out a discussion about the implications of new sanctions planned by the President-elect administration, which could be significantly different from those implemented by the current President. According to the experts, there will likely be much greater pressure on the People’s Republic of China and Iran, as well as a planned increase in support for Israel. The U.S. may impose massive sanctions on Chinese ports and exports. There were also expressed concerns about possible policies significantly impacting the economies of U.S. allies.