Ep. 143: Agathe Demarais on How Sanctions Backfire on the US 

Agathe Demarais is the Global Forecasting Director of The Economist Intelligence Unit. Agathe has a special focus on trade, sanctions, European affairs, Russia and the Middle East. As The EIU’s Global Forecasting Director, Agathe oversees the publication of The EIU global outlook.  Prior to joining The EIU, Agathe worked in the diplomatic corps of the French Treasury. She spent five years in Russia and three years in the Middle East, where she developed her knowledge of sanctions and policymaking. Agathe is the author of the new book ‘Backfire: How Sanctions Reshape the World Against U.S. Interests’.This week’s podcast covers: 

• Why US favours sanctions 

• How sanctions impact local populations 
• US extra-territorial power and impact on multi-nationals 
• US dollar as weapon 
• US vs Europe on Nordsteam 
• US vs China on tech 

• Europe’s non-China strategy 
• How sanctions impact commodity markets 
• China’s influence in Europe 
• US AI chip export controls 
• Ways around US dollar system, crypto 

• Books mentioned: Death and the Penguin (Kurkov), A Random Walk Down Wall Street (Malkiel) 

You can find Agathe’s new book ‘Backfire: How Sanctions Reshape the World Against U.S. Interests’ here and you can follow her here 

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