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Tom Dans on The Bill Bennett Show
Amberwave co-founder Tom Dans joins Bill Bennett for a deep dive into Russia and how Russian history shapes current geopolitical events. Tom also discusses Amberwave's JSG investing strategy and the importance of U.S. energy security.
Mornings with Maria – Dan Katz on Russia sanctions and oil markets
Dan Katz, a co-founder and portfolio manager at Amberwave Partners, argues exports of Russian energy products that were previously going to the West, will start to go to other buyers and unless it’s kept off the market, Putin will still benefit.
Biden aides explore rarely used sanctions weapon against Russia
“Secondary sanctions are potentially very powerful,” said Dan Katz, who served as a senior adviser at the Treasury Department from 2019 to 2021 and is a co-founder of Amberwave Partners, an investment management firm. “They’re a device we use to essentially put up an economic blockade against countries. The original form of economic war was a naval blockade, and secondary sanctions are a way of re-creating that in our modern financial world.”
Russia’s invasion of Ukraine shocked the world. Now it’s shocking global food and metal markets.
“Farmers have to make decisions very shortly about what they’re going to put in the ground this year; we just don’t have the ability to adapt quickly in our food chain,” said Thomas Emanuel Dans, a co-founder of Amberwave Partners who served as counselor to the undersecretary for international affairs at the Treasury Department. “Our food chain has not been built to adjust to this kind of threat.”
Biden administration identifies 50 Russian elites as targets for global hunt to seize assets
“Is it going to result in the Brutus theory [of Putin being overthrown]? Not in my view; this is not going to result in a regime change,” said Dan Katz, who served as a senior adviser at Treasury from 2019 to 2021 and is a co-founder of Amberwave Partners, an investment management firm. “But it is important to changing the calculus, and putting pressure on Putin in a personal way that gets at his political coalition.”
Biden Enlists Consumers to Put Squeeze on Russia's Economy
“There’s no question that the U.S., at some point, will need to decide how much economic cost we’re willing to shoulder in exchange for imposing those costs on the Russians,” said Dan Katz, a former adviser at the Treasury who is now at Amberwave Partners."
Banning Russia's Oil Imports is the Easy Part. Protecting American Consumers is Much Harder.
“There are significant labor shortages in the industry, as skilled people have been drawn away from the oil fields,” said Thomas Emanuel Dans, an Amberwave co-founder who served as a counselor in international affairs at the Treasury Department. “They can’t be brought back immediately. There are other shortages, including for drill pipe. I wouldn’t expect very short-term changes in terms of our supply picture. We’re probably short at least 100 rigs in this country. That’s a physical constraint.”
Russia Planned for Years to Resist Sanctions, and its Economy is Crashing Anyway.
“The U.S. and others putting on the table the prospect of targeting the Central Bank of Russia’s ability to access its reserves is motivating the sell-off in the ruble today. It’s the primary factor, more than SWIFT,” Dan Katz, a former senior Treasury official and co-founder and portfolio manager at Amberwave Partners, told Grid.