Global Business & Economics Program

  • Brummer in Fintech Policy: Whatever Challenges the US Faces in Regulating Cryptocurrencies, the EU Faces Far More


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  • At 25, European Union Suffers from Anemic Growth

    The European Union has reached its mid-twenties.

    On its twenty-fifth birthday on November 1, however, there were no fireworks, inspiring speeches, or fancy receptions in Brussels though. Mired in internal quarrels, from Brexit to rising Euroscepticism, European leaders may feel there is not much to celebrate.

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  • A Road Map of the Re-Imposed Sanctions for Iran

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    On November 5, 2018, the United States completed the re-imposition of nuclear related secondary sanctions on Iran. US President Donald Trump had announced in May that the United States would withdraw from the Joint Comprehensive Plan of Action (“JCPOA”) with Iran. To re-impose the sanctions, the US Departments of State and Treasury have revoked licenses that authorized certain activity with Iran as well as the waivers that were issued to lift the threat of secondary sanctions against non-US persons engaged in certain transactions involving particular Iranian individuals or entities....

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  • Skripal and Beyond: The Post-Election Russia Sanctions Landscape

    The US State Department made an important, if expected, announcement to Congress on November 6 that it was unable to certify that Russia had met the conditions in the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991 (CBW Act) necessary to stave off a second round of sanctions. The notification drew relatively little domestic coverage—coming, as it did, during the fever pitch of the US midterm elections—but it did garner an angry statement from the Republican chair of the House Foreign Affairs Committee, Ed Royce, denouncing the department’s apparent lack of a timetable for imposing the next round of sanctions.

    Add Royce’s reaction to the draft bills that were simmering before the midterms recess, unease over the potential for another meeting between US President Donald J. Trump and Russian...

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  • US Sanctions: Using a Coercive and Economic Tool Effectively

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    In recent years, US economic and financial sanctions have become favored tools of US power. The centrality of the US financial system and the ubiquity of the US dollar in the global financial marketplace make sanctions a powerful tool to have on hand when confronting foreign policy challenges. The great danger is, however, that sanctions become a substitute for actual policy, rather than merely a tool of foreign policy. In “US Sanctions: Using a Coercive Economic and Financial Tool Effectively” authors David Mortlock and Brian O’Toole, who are both senior fellows at the Atlantic...

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  • Sutloon Joins War on the Rocks to Discuss US Sanctions Against Iran


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  • How Will the Outcome of the Midterms Affect Trump's Policy Options?

    Democrats captured the House of Representatives while Republicans strengthened their Senate majority in the US midterm elections on November 6.

    We asked our analysts what they believe are the policy implications of this outcome. Here’s what they had to say*:

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  • Wayne in The Hill: US spotlight fixed squarely on AMLO as he takes reins in Mexico


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  • The United States Snaps Back Sanctions on Iran. Will They Bite the Government in Tehran?

    By reimposing sanctions on Iran, the United States is “simply trying to squeeze more out of the Iranians using a slightly lesser tool—sanctions functionally equivalent to what we had before without the corresponding political support,” according to Daniel Fried, a distinguished fellow at the Atlantic Council.

    US President Donald J. Trump’s administration on November 5 reimposed all of the sanctions that were lifted by Barack Obama’s administration as part of a 2015 deal over Iran’s nuclear program. Trump pulled the United States out the nuclear deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), in May.

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  • A Look at the Implications of Reimposed US Sanctions on Iran

    US President Donald J. Trump’s administration will reimpose sanctions on Iran’s central bank, oil sales, and shipping companies on November 5. These sanctions, the last of those the US lifted in 2016 as a consequence of the Iran nuclear deal, are likely to be coupled with new sanctions that are designed to achieve greater pressure than what the Obama administration imposed on Iran to enter negotiations over its nuclear program. 

    The sanctions that snap back into place on November 5 largely mirror those that the Obama administration lifted in January 2016. While fewer in numbers than those reimposed on August 6 by Executive Order (EO) 13846 issued by Trump, they are among the most powerful as they expand the primary blocking sanctions available for US designations and represent the bulk of the secondary sanctions on Iran. 

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