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Environmental criminal enforcement: most effective when combined with administrative sanctions
Administrative sanctions against environmental crime, such as fines, are generally easier and cheaper to implement than criminal punishment methods, such as prison sentences. This study explored enforcement methods for environmental crime in four Western European areas: Flanders (Belgium), Germany, the Netherlands and the UK. Based on their findings, the authors say it is most cost-effective — and may increase deterrence — to use both forms of enforcement.
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Crown casinos hosted alleged former arms dealer with links to Liberian war criminal despite UN sanctions
Joseph Wong Kiia Tai had his assets frozen and was banned from travel under UN sanctions because of his ties to Charles Taylor, a Liberian war criminal. So how was he able to enter Australia and gamble at Crown's Melbourne and Perth casinos?
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Letters to the Editor: Ease Iran sanctions during coronavirus pandemic. It's what a Christian country should do
Easing sanctions on Iran, hard hit by the coronavirus, would be a humanitarian act that reminds the world of what America truly is.
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Iran nuclear report: Regurgitating old stories as new information to justify sanctions?
A recent IAEA report on Iran’s nuclear program was portrayed by most Western mainstream media and politicians as new proof Iran is close to building nuclear weapons. The US Senate passed sanctions on Iran targeting its central bank in response.
However, the report does not say what the mainstream media and politicians claim. It has been much more guarded and much of it is about the state of Iran’s program up to 2003. After that period, the report is much more uncertain. Furthermore, many experts contend that the speculations (not definitive proof) that are in the report are misguided, too, leaning on unreliable sources, for example.
This update to the page on Iran has more information about this. Although the page is long, look for the new section about half way down under the heading of Regurgitating old stories as new information to justify sanctions?
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Coronavirus: Iran and the US trade blame over sanctions
Iran has blamed US sanctions for impeding its fight against Covid-19 - but the US says that's not true.
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Sanctions on Russia: Will Asia Help?
Invitation Only Research Event
17 April 2020 - 10:00am to 11:30am
Event participants
Maria Shagina, CEES Postdoctoral Fellow, Center for Eastern European Studies, University of Zurich
Chair: Richard Connolly, Associate Fellow, Russia and Eurasia Programme, Chatham House
It has been nearly six years since the West imposed sanctions on Russia, targeting Russia's energy, defence and financial sectors. The sanctions exposed Russia's key vulnerabilities - dependence on Western capital and advanced technology, with knock-on effects in other sectors.
In an effort to offset the impact of sanctions, Russia has attempted a diversification strategy to non-Western states. The Asia-Pacific has emerged as a new export market for hydrocarbons and weapons, and as the main alternative to Western capital. Russia's self-proclaimed 'turn to the East' is intended to alleviate the sanctions burden and buy valuable time to come up with long-term solutions; but it has come at a high cost.
In this discussion, Maria Shagina will examine the ways in which Asian states have helped mitigate the impact of Western sanctions and the pitfalls associated with it, while assessing the implications of Russia's pivot to Asia on its import substitution policy, and the effectiveness of sanctions overall.
Event attributes
Chatham House RuleDepartment/project
sanctions
The Use of Sanctions to Protect Journalists
Members Event
13 February 2020 - 12:30pm to 1:45pm
Chatham House | 10 St James's Square | London | SW1Y 4LE
Event participants
Professor Sarah Cleveland, Louis Henkin Professor of Human and Constitutional Rights; Faculty Co-Director, Human Rights Institute, Columbia Law School
Amal Clooney, Barrister, Doughty Street Chambers
The Honourable Irwin Cotler, Chair, Raoul Wallenberg Centre for Human Rights; Minister of Justice and Attorney-General of Canada (2003-06)
Baroness Helena Kennedy QC, Director, International Bar Association’s Human Rights Institute
Lord Neuberger, President, Supreme Court of the United Kingdom (2012-17)
Maria Ressa, CEO, Rappler Online News Network
Chair: Elizabeth Wilmshurst CMG, Distinguished Fellow, International Law Programme, Chatham House
Attacks against journalists and challenges to media freedom are urgent and global. The sharp decline globally of democratic values which are underpinned in international values highlights the need for a free press and the necessity for states to take concerted action to protect media freedom.
The High-Level Panel of Legal Experts on Media Freedom is an independent body convened at the request of the UK and Canadian governments in July 2019.
The remit of the panel is to provide recommendations to governments on how to better protect journalists and address abuses of media freedom in line with international human rights law.
Drawing on the panel’s new report, the speakers will discuss the use of targeted sanctions to protect journalists and a free press. Can the threat of targeted sanctions help curb the trend of increasing abuses against journalists?
And what legal frameworks and mechanisms will be necessary to ensure targeted sanctions achieve their goal of identifying, preventing and punishing abuses against journalists?
This event is organized in collaboration with the International Bar Association’s Human Rights Institute which acts as the secretariat to the High-Level Panel of Legal Experts on Media Freedom.
Department/project
Members Events Team
sanctions
Sanctions on Russia: Will Asia Help?
Invitation Only Research Event
17 April 2020 - 10:00am to 11:30am
Event participants
Maria Shagina, CEES Postdoctoral Fellow, Center for Eastern European Studies, University of Zurich
Chair: Richard Connolly, Associate Fellow, Russia and Eurasia Programme, Chatham House
It has been nearly six years since the West imposed sanctions on Russia, targeting Russia's energy, defence and financial sectors. The sanctions exposed Russia's key vulnerabilities - dependence on Western capital and advanced technology, with knock-on effects in other sectors.
In an effort to offset the impact of sanctions, Russia has attempted a diversification strategy to non-Western states. The Asia-Pacific has emerged as a new export market for hydrocarbons and weapons, and as the main alternative to Western capital. Russia's self-proclaimed 'turn to the East' is intended to alleviate the sanctions burden and buy valuable time to come up with long-term solutions; but it has come at a high cost.
In this discussion, Maria Shagina will examine the ways in which Asian states have helped mitigate the impact of Western sanctions and the pitfalls associated with it, while assessing the implications of Russia's pivot to Asia on its import substitution policy, and the effectiveness of sanctions overall.
Event attributes
Chatham House RuleDepartment/project
sanctions
The Use of Sanctions to Protect Journalists
Members Event
13 February 2020 - 12:30pm to 1:45pm
Chatham House | 10 St James's Square | London | SW1Y 4LE
Event participants
Professor Sarah Cleveland, Louis Henkin Professor of Human and Constitutional Rights; Faculty Co-Director, Human Rights Institute, Columbia Law School
Amal Clooney, Barrister, Doughty Street Chambers
The Honourable Irwin Cotler, Chair, Raoul Wallenberg Centre for Human Rights; Minister of Justice and Attorney-General of Canada (2003-06)
Baroness Helena Kennedy QC, Director, International Bar Association’s Human Rights Institute
Lord Neuberger, President, Supreme Court of the United Kingdom (2012-17)
Maria Ressa, CEO, Rappler Online News Network
Chair: Elizabeth Wilmshurst CMG, Distinguished Fellow, International Law Programme, Chatham House
Attacks against journalists and challenges to media freedom are urgent and global. The sharp decline globally of democratic values which are underpinned in international values highlights the need for a free press and the necessity for states to take concerted action to protect media freedom.
The High-Level Panel of Legal Experts on Media Freedom is an independent body convened at the request of the UK and Canadian governments in July 2019.
The remit of the panel is to provide recommendations to governments on how to better protect journalists and address abuses of media freedom in line with international human rights law.
Drawing on the panel’s new report, the speakers will discuss the use of targeted sanctions to protect journalists and a free press. Can the threat of targeted sanctions help curb the trend of increasing abuses against journalists?
And what legal frameworks and mechanisms will be necessary to ensure targeted sanctions achieve their goal of identifying, preventing and punishing abuses against journalists?
This event is organized in collaboration with the International Bar Association’s Human Rights Institute which acts as the secretariat to the High-Level Panel of Legal Experts on Media Freedom.
Department/project
Members Events Team
sanctions
Sanctions on Russia: Will Asia Help?
Invitation Only Research Event
17 April 2020 - 10:00am to 11:30am
Event participants
Maria Shagina, CEES Postdoctoral Fellow, Center for Eastern European Studies, University of Zurich
Chair: Richard Connolly, Associate Fellow, Russia and Eurasia Programme, Chatham House
It has been nearly six years since the West imposed sanctions on Russia, targeting Russia's energy, defence and financial sectors. The sanctions exposed Russia's key vulnerabilities - dependence on Western capital and advanced technology, with knock-on effects in other sectors.
In an effort to offset the impact of sanctions, Russia has attempted a diversification strategy to non-Western states. The Asia-Pacific has emerged as a new export market for hydrocarbons and weapons, and as the main alternative to Western capital. Russia's self-proclaimed 'turn to the East' is intended to alleviate the sanctions burden and buy valuable time to come up with long-term solutions; but it has come at a high cost.
In this discussion, Maria Shagina will examine the ways in which Asian states have helped mitigate the impact of Western sanctions and the pitfalls associated with it, while assessing the implications of Russia's pivot to Asia on its import substitution policy, and the effectiveness of sanctions overall.
Event attributes
Chatham House RuleDepartment/project
sanctions
Trinidad denies breaking US sanctions, shipping oil to Venezuela
PORT OF SPAIN, Trinidad, CMC – Prime Minister Dr Keith Rowley Saturday dismissed as a “dishonest last gasp and gamble of a dangerously delusional woman” a statement by Opposition Leader Kamla Persad Bissessar calling for him...
sanctions
Refineries, investors fear crude shortages over possible Venezuela sanctions
An unexpected rise in U.S. crude inventories offset fears of potential risk to Venezuelan crude supply because of possible U.S. sanctions.
sanctions
Zimbabwe’s Sanctions Standoff
A bold approach to the sanctions issue is necessary to refocus efforts on the actions needed to break the political stalemate in Zimbabwe before elections are held that otherwise threaten to be as violent and undemocratic as the 2008 round.
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Lifting Zimbabwe sanctions might aid reform before elections
Bold steps can be taken by the EU to ease sanctions while not rewarding recalcitrant behaviour by Zanu-PF leadership
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Fin24.com | WATCH: How would Saudi Arabia retaliate if US imposes sanctions?
An op-ed in Saudi-owned Al Arabiya news has warned of repercussions should the US impose sanctions on Saudi Arabia over the disappearance of journalist Jamal Khashoggi.
sanctions
HKMA: United Nations Sanctions Ordinance
The Hong Kong Monetary Authority has issued a statement on the Chief Executive-in-Council approving United Nations sanctions on Libya and Afghanistan.
sanctions
Pursuing North Korea Sanctions That Work
Pursuing North Korea Sanctions That Work
EWC Non-Resident Senior Fellow Marcus Noland, who has done extensive economic and political research on North Korea, argues in an op-ed published in the current issue of Newsweek ’s international edition that the Obama administration and world community are unlikely to deter North Korea from staging another missile launch simply by the threat of a return to limited and “toothless” U.N economic sanctions, which have failed in the past. However, Noland writes, other, more substantive measures have previously proved more successful in dealing with the North Korean regime, including cutting off oil deliveries from China and freezing the regime’s overseas bank assets. Click here to read the Newsweek article.
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Export control and sanctions update: EU restrictive measures against Russia
On 31 July 2014, the Council of the European Union (the “Council’) adopted Regulation (EU) No 833/2014 which implements Council Decision 2014/512/CFSP...
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EU implements further sanctions against Russia despite cease-fire in Ukraine
The EU has today published further sanctions against Russia, following agreement between the EU and the US that additional measures were required to respond to, what the EU and US view as, Russia’s continued efforts to destabilise the Ukraine....
sanctions
New US and EU sanctions against Russia
At the end of July, the US and the EU escalated their respective sanctions regimes against Russia following the Kremlin’s intervention in the Crimea/Ukraine crisis, as well as recent issues pertaining to access to the MH17 crash site. By annou...
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New test devised for assessing relief from court sanctions
Précis: The Courts have adopted a new test to assess applications for relief from sanctions, which demonstrates a more reasonable approach than used recently. However, it remains important to ensure compliance. What? During litigation, ...
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UK adopts new EU-driven restrictive measures to deter and respond to external cyber-attacks through financial sanctions
On 17 May 2019, the European Council established a framework and implemented a new sanctions regime which now allows the EU to impose targeted sanctions to “deter and respond to cyber-attacks which constitute an external threat to the EU and i...
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US lifts the Cuba secondary sanctions waiver
The United States (“US”) Government announced on 17 April 2019 that it would not renew a waiver to Title III of the US Helms-Burton Act 1996 (“Title III”) that had effectively prevented former owners of property confiscated f...
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DOJ further aligns Export Control and Sanctions Enforcement Policy with FCPA enforcement practices
On 13 December 2019, the US Department of Justice (DOJ) announced a revised Export Control and Sanctions Enforcement Policy for Business Organizations (Revised EC/S Policy),1 clarifying its prior guidance on voluntary self-disclosure requirements fo...
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Further US Sanctions imposed against Venezuela
The United States has expanded the sanctions imposed on Venezuela in a bid to hold accountable “those responsible for Venezuela’s tragic decline”. U.S. sanctions on Venezuela have steadily increased since March 2015 in response to ...
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US imposes further sanctions on Iran what does this mean for the JCPoA and for global corporations and financial institutions?
On 10 January 2020, following the recent military escalation between Iran and the US, the White House issued Executive Order, "Imposing Sanctions With Respect to Additional Sectors of Iran" (“EO 13902”), which expands the already broad U...
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Update on Recent US Sanctions Developments: Nord Stream 2 Sanctions and Exxon Mobil Decision
This briefing is intended to provide an update on two recent developments under the US sanctions regime. • The first one is the introduction of US sanctions in relation to the Nord Stream 2 pipeline project, which threaten to widen a rift betwe...
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US grants Iraq a summer break from Iran electricity sanctions
The Trump administration’s reprieve for Iraq from US sanctions on Iranian electricity imports will extend through September.
sanctions
Justin Trudeau should lift Canada's economic sanctions now
Ken Stone
On March 23, UN Secretary-General António Guterres appealed to G20 leaders: "I am encouraging the waiving of (economic) sanctions imposed on countries to ensure access to food, essential health supplies, and COVID-19 medical support. This is the time for solidarity not exclusion ... Let us remember that we are only as strong as the weakest health system in our interconnected world." At the same time, AP News reported, ambassadors of eight countries currently affected by economic sanctions -- namely, Cuba, Iran, Venezuela, Syria, Nicaragua, China, Russia and North Korea -- petitioned the secretary-general for "the immediate and complete lifting of those measures to enable nations to respond to the coronavirus pandemic."
Regrettably, so far the wealthy and powerful countries of the world haven't heeded the secretary-general's call to loosen the screws on the weaker and poorer ones. They also ignored a similar appeal by Pope Francis in his Easter address. On the contrary, President Trump actually weaponized the pandemic by instituting further sanctions on both Iran and Venezuela, countries already targeted for regime change.
In Canada, however, two peace groups, the Hamilton Coalition to Stop the War and le Mouvement Québécois pour la paix, sent an open letter signed by 100 prominent Canadians to Trudeau asking him to lift all of Canada's economic sanctions now.
Unknown to most Canadians, Trudeau's government maintains economic sanctions regimes against 20 countries of the world, including nine African countries. In fact, under the Harper government in Ottawa in June 2013, Canada co-ordinated economic sanctions for the U.S.-led coalition of countries participating in the regime change operation against Syria. Similarly, under the Trudeau government, Canada helped lead the Lima Group in organizing multilateral sanctions against Venezuela.
Canada typically applies five types of sanctions: arms embargoes, asset freezes, import-export restrictions, financial prohibitions and technical assistance prohibitions. Not all sanctioned countries feel the full weight of all five. However, some countries do: Iran, Syria, North Korea and Libya.
The effect on the targeted country is crippling. The first result is usually a drastic decline in its currency's value, which translates into ordinary people being unable to put food on the table for their children. Then follow other crises for working people: unemployment due to closing markets for the country's exports and the inability to get spare parts; inability to receive payments from relatives abroad because the international banking system excludes the targeted country; the closing down of whole industries, such as tourism, because access to credit cards or even air access to national airports, as in the case of Syria, is turned off by the sanctioners.
Supporters will point out that sanction regimes generally exclude food and medical supplies. However, international trade requires financing through banks which are subject to penalties in the U.S., for example for trading with Iran, even though the participating bank may be domiciled in a country that has lifted its sanctions on Iran. This practice by the U.S. is called extraterritoriality.
Some have likened economic sanctions to acts of war and compared them to sieges of medieval towns in which the besiegers hope to make life so difficult for the besieged that they rise up against their feudal lords and open the gates. The comparison isn't far off since the brunt of sanctions aren't felt so much by the targeted countries' ruling elites but rather their civilian populations. A monstrous example was the decade of UN sanctions against Iraq between the First and Second Gulf Wars. Between 1992 and 2000, 500,000 Iraqi children perished from lack of food and medicines. But Madeleine Albright, former U.S. secretary of state in the Clinton administration, famously quipped that it was "worth it." It was worth it to Albright because sanctions were part of U.S. foreign policy to soften up Iraq in preparation for the Anglo-American invasion and occupation of 2003 which continues today.
Notably, coercive economic measures are not levelled against U.S. client states, no matter the enormity of their crimes. Israel, which turned Gaza into the world’s largest open air prison and is annexing the West Bank, and Saudi Arabia, which wages a bloody war on Yemen and murdered journalist Jamal Khashoggi, don't worry about sanctions.
Under international law, economic sanctions are acts of war. That's why the UN charter restricts the power to level sanctions exclusively to the UN Security Council. That also explains why Canada's unilateral sanctions against 19 countries are illegal. Only in the case of North Korea are Canada's regime of a full spectrum of coercive measures explicable under international law.
While Trudeau tries to play the competent caring leader in his daily COVID-19 press conferences, he cannot ignore the damage he is doing to the efforts to fight the novel coronavirus in 20 of the world's poorest countries, and indeed to the global effort.
Ken Stone is a longtime peace, social justice, labour, anti-racist and environmental activist-resident in Hamilton, Ontario. He is treasurer of the Hamilton Coalition To Stop The War and executive member of the Syria Solidarity Movement.
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Ignoring plea from UN, Justin Trudeau refuses to lift sanctions on poor nations during pandemic
These days, any national leader not actively urging their citizens to drink disinfectant is managing to look (relatively) good on the world stage.
Certainly, compared to the neurotic leadership south of the border, Justin Trudeau has emerged as a steady hand on the tiller, quickly providing Canadians with a wide economic safety net and behaving like an adult in the crisis.
So it's all the more disappointing that, out of the limelight, he's doing a great deal to make the situation worse during this pandemic for some of the most vulnerable people on the planet.
I'm referring to the prime minister's decision to ignore a plea last month from United Nations Secretary-General Antonio Guterres -- and the Pope -- for nations to lift sanctions against other nations in order to help some of the weakest and poorest countries cope with the coronavirus crisis.
That sounds like a reasonable request, under the circumstances.
Indeed, even if we don't care about the world's vulnerable people, helping them deal with the crisis is in our interests too. As the UN leader noted: "Let us remember that we are only as strong as the weakest health system in our interconnected world."
Yet Canada, ignoring the plea from the UN's highest official, continues in the midst of the pandemic to impose sanctions on 20 nations, including Lebanon, Venezuela, Syria, Iran, Libya, Somalia, Nicaragua and Yemen.
While Canada's sanctions are typically aimed at punishing the regimes running these countries, the impact of the sanctions falls primarily on ordinary citizens, according to Atif Kubursi, professor emeritus of economics at McMaster University.
Kubursi, who also served as a UN under-secretary-general and has extensive UN experience in the Middle East and Asia, says the impact of Canada's sanctions on the people in these countries is devastating.
While the sanctions often appear to be directed exclusively at military items, they frequently end up being applied to virtually all goods -- including spare parts needed to operate machinery in hospitals and pharmaceutical companies, notes Kubursi, who signed a letter from prominent Canadians to Trudeau requesting the lifting of sanctions.
For instance, if a Syrian businessman wants to buy Canadian products, he has to open an account for the transaction. But Kubursi says the Canadian government instructs Canadian banks not to allow such accounts for the purposes of trade with Syria -- no matter how benign the Canadian product may be, or how urgently it might be needed in Syria.
For that matter, Ottawa's sanctions prevent Canadians from using our banks or financial services to transfer money to Syria -- for instance, to family members living in Syria.
The impact of sanctions, while always painful, is particularly deadly during the pandemic, when even advanced nations have struggled to obtain life-saving equipment.
While Canada's sanctions mostly date back to the Harper era or earlier, the Trudeau government has generally maintained them and even added new ones against Venezuela.
Ottawa's sanctions appear primarily aimed at appeasing the U.S., which ruthlessly enforces sanctions against regimes it wishes to destabilize or overthrow. Washington also punishes countries and companies that don't co-operate with its sanctions.
Ottawa's willingness to fall in line behind Washington is reflected in the fact it doesn't impose sanctions against U.S allies Saudi Arabia or Israel, despite Saudi Arabia's brutal murder of dissident Jamal Khashoggi and Israel's illegal occupation of the West Bank. Even Israel's announcement that it plans to annex the West Bank in July has produced no sanctions or criticism from Canada.
Trudeau's decision to continue sanctioning 20 nations seems quite out of sync with the spirit of the times, when it's hard to find a TV commercial that doesn't proclaim the sentiment that "we're all in this together."
That spirit of international togetherness has been amply demonstrated by Cuba, which sent Cuban doctors to Italy to help its overwhelmed health care system and has offered similar medical help to First Nations in Canada.
When 36 Cuban doctors arrived in Milan last month, a grateful Italy thanked them and Italians at the airport cheered.
Meanwhile, Canada, in the spirit of the international togetherness, rebuffs Cuban doctors, ignores the UN and imposes sanctions on some of the world's poorest nations.
Linda McQuaig is an author and journalist. This column, which appeared in The Toronto Star, is based on research from her new book The Sport & Prey of Capitalists.
May 8, 2020
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Photos capture North Korean ships breaking UN sanctions in Chinese waters
In what appears to be a lax enforcement by China of UN sanctions, North Korean vessels — some carrying illicit coal shipments — are seen anchored in Chinese waters last year in photos from a UN report.
sanctions
D.C. Lobbyist Indicted for Conspiring to Violate Sudanese Sanctions and to Act as Illegal Agent of Sudan
Robert J. Cabelly, 61, of Washington, D.C., has been indicted in the District of Columbia charging him with conspiracy to violate the Sudanese sanctions regulations and to act as an unregistered agent of a foreign power.
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Civil Contempt Sanctions Assessed Against Arizona Company That Allegedly Targeted Fraud Victims
A federal judge in Arizona has held Mesa, Ariz.-based Business Recovery Services (BRS) and its owner, Brian Hessler, in civil contempt of court for violating the terms of a preliminary injunction.
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“Karl Lee” Charged in Manhattan Federal Court with Using a Web of Front Companies to Evade U.S. Sanctions
Li Fangwei, who is more commonly known by his alias “Karl Lee,” is charged with violating the International Emergency Economic Powers Act (IEEPA) by using United States-based financial institutions to engage in millions of dollars of U.S. dollar transactions in violation of economic sanctions that prohibited such financial transactions.
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BNP Paribas Agrees to Plead Guilty and to Pay $8.9 Billion for Illegally Processing Financial Transactions for Countries Subject to U.S. Economic Sanctions
According to court documents submitted today, BNP Paribas S.A. (BNPP), a global financial institution headquartered in Paris, agreed to enter a guilty plea to conspiring to violate the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA) by processing billions of dollars of transactions through the U.S. financial system on behalf of Sudanese, Iranian, and Cuban entities subject to U.S. economic sanctions
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BNP Paribas Pleads Guilty to Conspiring to Violate U.S. Economic Sanctions in Manhattan Federal Court
BNP Paribas S.A. (BNPP), a global financial institution headquartered in Paris, pleaded guilty today before U.S. District Judge Lorna G. Schofield in the Southern District of New York to a one-count information charging the bank with conspiring to violate the International Emergency Economic Powers Act (IEEPA) and the Trading with the Enemy Act (TWEA), for its role in processing billions of dollars of U.S. dollar transactions through the U.S. financial system on behalf of Sudanese, Iranian, and Cuban entities subject to U.S. economic sanctions from 2004 through 2012
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A Financial Sanctions Dilemma
Over the last two decades, there has been a dramatic increase in the popularity of financial sanctions as an instrument of US foreign policy to address security threats ranging from weapons of mass destruction (WMD) proliferation and terrorism to human rights violations and transnational crime. Washington’s policymakers have prized these tools for their ability to rapidly apply pressure against foreign targets with few perceived repercussions against American business interests. The problem, however, is that Washington is ignoring a growing tension between financial sanctions designed to support economic statecraft (with non-financial goals) and those designed to protect the international financial system. Confusing the two sends mixed signals to adversaries as well as allies and undermines US credibility and commitment to upholding international banking rules and norms. If Washington cannot reconcile these competing processes, it is unlikely that future administrations will enjoy the same foreign policy levers, leaving the United States at a significant disadvantage.
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'Sanctions or threats can't take us to Geneva. We were there for a new approach. The world, the region needed this... Terror is a real threat'
At this Idea Exchange, Iranian Ambassador Gholamreza Ansari says Tehran achieved what it wanted to in the Geneva nuclear deal.
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How will the UK use financial sanctions in a post-Brexit world?
In this episode of Dollar & Sense, David Dollar is joined by Tom Keatinge to discuss the ramifications Brexit will have on the United Kingdom’s use of financial sanctions and regulation of financial crime. Keatinge, the director of the Centre for Financial Crime and Security Studies at the Royal United Services Institute (RUSI), explains how…
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Economic sanctions: Assessing their use and implications for U.S. foreign policy
On January 27, Foreign Policy at Brookings hosted a panel discussion on economic sanctions and their implications for advancing U.S. foreign policy objectives. Moderated by Robert Bosch Senior Visiting Fellow Jim Goldgeier, the panel included experts with a combined background on the use of sanctions in the Middle East, Latin America, and North Korea: Brookings…
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How Iran will respond to new sanctions
Since December 2017, Iran’s currency, the rial, has lost one-third of its value. And on April 10, the exchange rate’s rapid depreciation prompted the government to halt domestic foreign-exchange transactions and outlaw foreign-currency holdings of more than €10,000 ($12,000). This government’s move represents a radical change of course, following three decades of relatively liberal economic…
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Will sanctions be enough to stop Putin?
Adam Ereli, Vice Chairman, Washington D.C. at Mercury, explains why he isn't very optimistic about diplomatic solutions in the Russia-Ukraine standoff.
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Sanctions send soft signals to Russia: Pro
Stephen Yates, CEO at DC International Advisory, says the sanctions that have slapped on Russia have not been hard-hitting at all.
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Major sanctions on Russia are 'unlikely': INSEAD
Antonio Fatas, Professor of Economics at INSEAD, says it is unlikely that the West will impose hard-hitting economic sanctions upon Russia.