Nuclear Issues

"For US regulators, 2014 was a banner year for collecting fines against sanctions violators, according to The Economist. In June, BNP Paribas—France’s largest bank, and one of the largest in the world—agreed to shell out $9 billion to the US Department of Justice for violating sanctions against Cuba, Iran, and Sudan. This past month, US regulators slapped Germany’s Commerzbank—the country’s second-largest bank, with a similar global presence—with a $1 billion fine, after launching an investigation into its dealings with sanctioned countries. The increases in fines have signaled an aggressive, zero-tolerance policy toward violators, as well as a willingness to use the extraterritorial provisions of sanctions, which allow regulators to punish foreign-based banks..."

Illicit trade from the international marketplace plays a direct role in sustaining the nuclear and missile programs of several countries, including Iran, in defiance of UN sanctions. This paper sets out what measures the private sector should take in order to manage the legal, financial and reputational risks associated with involvement in proliferation-related trade, and makes recommendations to national authorities for how for how to help the private sector identify and prevent potential proliferation.

"The weakening of the EU's role as an independent and mediatory player in the nuclear talks, however, beyond economic losses, could bring negative strategic and political consequences for the EU's status in the entire Middle East, which could in turn damage the region's interests. The new economic sanctions will preclude the opportunity of investment by the EU in Iran's gas and oil sectors, thus decreasing trade and commerce between the two—a shift of policy that provoked a sharp rise in China's activities in those sectors."

The spread of nuclear weapons is one of the most significant challenges to global security in the twenty-first century. Limiting the proliferation of nuclear weapons and materials may be the key to preventing a nuclear war or a catastrophic act of nuclear terrorism. Going Nuclear offers conceptual, historical, and analytical perspectives on current problems in controlling nuclear proliferation. It includes essays that examine why countries seek nuclear weapons as well as studies of the nuclear programs of India, Pakistan, and South Africa.