Nuclear Issues

2 Items

The Bavand, one of two stranded Iranian vessels, sits anchored at the port in Paranagua, Brazil on July 25, 2019. In defiance of U.S. sanctions, Brazil's top court ordered state oil company Petrobras to supply fuel to two Iranian vessels that were stranded off the coast of Parana state since early June (AP Photo/Giuliano Gomes).

AP Photo/Giuliano Gomes

Journal Article - Washington Quarterly

A Financial Sanctions Dilemma

| Winter 2020

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.

FBI agents leave a raid in Trenton, N.J. on July 19, 2012

Julio Cortez/AP

Discussion Paper - Managing the Atom Project, Belfer Center

The Long Arm

| February 2019

The networks of middlemen and intermediaries involved in the illicit procurement of weapons of mass destruction (WMD)-related goods and technologies often operate outside of the United States, which presents several legal and political challenges regarding U.S. trade control enforcement activities. This report considers the extraterritorial efforts of U.S. law enforcement in counterproliferation-related activities and their implications. In other words, how does the United States contend with violations of its weapons of mass destruction (WMD)-related trade controls in overseas jurisdictions, and what are the implications for broader U.S. and international nonproliferation efforts, as well as wider international security and economic concerns?