Global Business & Economics Program

  • Treasury Right to Sanction Saudis in Response to Khashoggi Killing

    The November 15 announcement by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) of the designation of seventeen Saudis for their role in the killing of journalist Jamal Khashoggi should be commended. While the Trump administration has been delayed in responding to the murder, with the president slowly forming a “very strong opinion,” the sanctions demonstrate that the administration has not stood idly by.

    Given the need for continued cooperation with the Saudi government on counterterrorism, oil production, and a host of other sensitive issues, the Global Magnitsky (or GloMag in sanctions parlance) sanctions authority was a strategic tool to use as...

    Read More
  • May's Brexit Deal: With Cabinet Nod Secured, Next Stop Parliament

    British Prime Minister Theresa May said on November 14 that her Cabinet had agreed to a draft Brexit agreement between the United Kingdom and the European Union (EU). Following a five-hour meeting with her Cabinet ministers in London, May said that the decision was “a decisive step which enables us to move on and finalize the deal in the days ahead.” The deal, which must next be approved by the British Parliament, faces significant opposition both from within May’s Conservative Party and from other parties.

    "Theresa May has finally reached the first base camp on Britain’s way to exiting the EU," said Fran Burwell, a distinguished fellow with the Atlantic Council’s Future Europe Initiative.

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


    Read More
  • 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.

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

    pdfRead the Publication (PDF)

    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....

    Read More
  • 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...

    Read More
  • US Sanctions: Using a Coercive and Economic Tool Effectively

    pdfRead the Publication (PDF)

    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...

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


    Read More
  • 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*:

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


    Read More