Global Business & Economics Program

  • Sultoon in The Hill: Don’t prematurely ease the pressure on North Korea


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  • Financial Transparency Legislation Would Help Defend US National Security

    This is the first in a two-part series.

    On December 8, 1941, the day after the attack on Pearl Harbor, the US Congress declared war on Japan. Two weeks after al Qaeda attacked the United States on September 11, 2001, the CIA was on the ground in Afghanistan.

    The Russian attack on US democracy in 2016 was not deadly, but it was similarly harmful to US national security. The West, however, has still not pushed back strongly enough to stop the hybrid war Moscow continues to wage against the United States and its European allies.


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  • O'Toole quoted in Newsweek on Trump Administration lifting sanctions on Putin-linked oligarch companies


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  • The RUSAL Deal: A Good Outcome?

    The Trump administration’s long-awaited decision to delist aluminum giant RUSAL finally became public on December 19. The deal that RUSAL’s holding company EN+ has struck with the US Treasury Department’s Office of Foreign Assets Control (OFAC) is sure to draw the ire of those who want to see RUSAL continue under sanctions as a means to punish the Russian economy. The deeper view, however, is that sanctions targeting RUSAL’s founder and now indirect minority shareholder, Oleg Deripaska, worked exactly the way they are supposed to and that Deripaska’s fate should frighten other Russian oligarchs who cooperate with Russian President Vladimir Putin’s misadventures abroad or are part of his corrupt circle. OFAC was also smart to pair the delisting with additional designations to demonstrate a continued stance against the Kremlin’s aggressions.


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  • Rising Populism and the Future of Europe


    On Thursday, December 13th, the Atlantic Council’s Global Business and Economics Program and the Embassy of Spain co-hosted an event on rising populism in Europe, celebrating the occasion of the 40th anniversary of Spain’s pluralistic constitution.




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  • Sultoon Quoted in Bloomberg on US Penalties against Viktor Vekselberg


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  • Can Sanctions Put a Dent in Crypto Crime?

    On November 28, the US Treasury Department took an important step in responding to the SamSam ransomware cyberattacks, which occurred earlier this year. Considered one of the most effective cyberattacks in US history, the hackers behind SamSam since 2015 have targeted institutions ranging from companies to hospitals to schools, demanding payments in Bitcoin as ransom. After being paid, the hackers laundered these funds through online cryptocurrency exchanges into Iranian riyals, reaping the rewards of their malicious behavior. As part of their designation, the US Treasury Department’s Office of Foreign Assets Control (OFAC) included the Bitcoin addresses of Iran-based Ali Khorashadizadeh and Mohammed Ghorbaniyan, who are accused of...
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  • Trade Disrupted: US and China Need More Than a Truce

    At this year’s G20 summit in Buenos Aires, the trade dispute between China and the United States took center stage. Chinese President Xi and his US counterpart President Donald Trump agreed to avoid further escalations of the ongoing bilateral trade war for the next 90 days. The temporary deal does not assuage the escalatory measures already taken, leaving the existing tariffs in place. This edition of the EconoGraphic explores how the brewing trade conflict is impacting manufacturing supply chains, soybean cargo routes, and trade flows of liquefied petroleum gas (LPG) among the United States, China, and the rest of the world.

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  • Brummer in Fintech Policy: What Should be Disclosed in an Initial Coin Offering?


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  • Trump, Xi Reach Trade War Truce… For Now

    US President Donald J. Trump and Chinese President Xi Jinping on December 1 agreed to a truce in their trade war in order to allow time for negotiations. In what is a significant de-escalation of a conflict that has been marked by tit-for-tat tariffs, Trump and Xi put on hold threatened tariff increases for ninety days.

    The agreement was reached during a dinner meeting between the two leaders after the Group of 20 (G20) summit in Buenos Aires, Argentina.

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