International Economics Sanctions Overview

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May 21, 2021 3:00 pm
May 21, 2021 8:30 pm
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CPD Units
5 hrs
€180 + VAT


Friday 21/05/2021 - 15:00-20:30

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Event Details



International Economic Sanctions have become a central instrument in global governance over the past decades, employed by both sovereign states and international organisations. More recently, there has been a shift towards ‘smart’ or targeted sanctions that aim for the political and economic elites of targeted countries (e.g. through asset freezes and travel bans) rather than a more comprehensive sanctions approach (as large-scale trade or oil embargoes) that has detrimental effects on civilian populations.


In the era of financial globalisation such ‘smart’ sanctions entail increased compliance obligations both for state institutions and private organisations which if not met carry significant fines and penalties. Given Cyprus’s strong financial and trade ties with Russia, the latest series of sanctions targeting Russian people and entities in the private and public sectors have caused great concern on the island and a need for all relevant actors to gain a better understanding on this topical issue.



Training Objectives


The seminar will provide you with an opportunity to explore the recent global trends in economic sanctioning, the motives and rationale behind such decisions, the resulting effects and the consequences experienced not only by the targeted parties but also those doing business with them, either directly or indirectly.


The risk of non-compliance by all related parties needs to be timely projected and managed and this seminar will enable for such projections to be carried out in a more meticulous manner.



Training Outline


  • An assessment of Economic Sanctions as a Policy Tool – Pros and Cons
  • Identifying the Relevant Actors – Covering both the private and public sectors at the national and international level
  • Review of the Decision Making Process – Motives, Effects and Consequences from a practical perspective (the case of Russia)
  • How to control damage – Risk Management



Adonis Pegasiou

Adonis Pegasiou is the Academic Director of EIMF since May 2019. He holds a PhD in Politics (University of Manchester), an MSc in European Policy Studies (University of Bristol) and a BSc in Economics (London School of Economics (LSE)). Furthermore, he holds the ‘Certified Global Sanctions Specialist’ (CGSS) Certification offered by the Association of Anti-Money Laundering Specialists (ACAMS) and a Diploma in ‘Governance, Risk and Compliance’ (Merit) offered by the International Compliance Association (ICA). Following his doctoral studies, he held positions in the public and private sectors including Cyprus Airways (Head of Chairman’s Office and Non-Executive Board Member), the Secretariat of Cyprus Presidency of the Council of EU, the Embassy of Kuwait in Cyprus (Consultant to the Ambassador) and the Cyprus Cooperative Bank (Non-Executive Board Member – appointed by the Government approved by the Parliament and European Central Bank). In between his professional appointments, Adonis Pegasiou was awarded post-doctoral research funding by the Research Promotion Foundation of the Republic of Cyprus to examine the ‘Europeanisation of Cyprus’s economy’. For the duration of the post-doctoral project, he was based at the EUC Research Centre (Cyprus) and was also a Visiting Fellow at the Hellenic Observatory of the LSE. In addition, he has been involved in numerous research projects, published his work in various peer-reviewed journals and participated in numerous international conferences. Moreover, he has taught at the European University Cyprus (EUC) (2014-2016) and has been an Adjunct Lecturer at the Department of Social and Political Sciences of the University of Cyprus since 2015.
See all courses by Adonis Pegasiou