The Journal. The Journal.

Do Sanctions Still Work?

Jul 22, 2026 · 26m

Summary

Hosts Jess and Ryan announce their third live show in New York City before exploring the efficacy of U.S. economic sanctions. They discuss how regimes in Russia, Iran, and North Korea evade penalties via China and cryptocurrency, diminishing their impact. The episode features Senator Richard Blumenthal, who defends a new bill granting President Trump authority to impose tariffs on buyers of Russian energy to pressure Putin.

Topics discussed

Announcement: Third live show in New York City Introduction: The rise and debate over U.S. sanctions Show intro and Mariner sponsor message Historical context: Sanctions success in South Africa vs. failures elsewhere How regimes evade sanctions via China, yuan, and crypto Geopolitical implications: Weakening U.S. leverage and enforcement issues The new Russia sanctions bill and Senator Graham's legacy Sponsor messages: Optum and Accenture Interview: Senator Blumenthal on the scope of new sanctions Using tariffs as a geopolitical weapon against oil buyers Concerns over enforcement and presidential authority limits Political dynamics: Trump's support and Graham's influence Conclusion: Sanctions as part of a broader strategy to end the war Outro and credits
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