Nuclear Issues

On 24 and 25 November 2016 experts from politics and academia, including FDP Executive director Cathryn Clüver, discussed the impact of Brexit on several policy areas in a series of workshops at the Hertie School of Governance in Berlin. All events took place under Chatham House rules.

Dr. Ian Bremmer, expert in political risk and founder of the Eurasia Group, gave a seminar sponsored by the the Future of Diplomacy Project on Thursday, November 9 at the Harvard Kennedy School, titled “Managing Risk in an Unstable World."

Aaron Arnold, Associate with the Project on Managing the Atom at the Belfer Center, writes in The Hill that while Iran will soon be getting sanctions relief as the nuclear accord with the P5+1 is enacted, it has not yet taken steps to update its banking system and bring it up to international money laundering and counter-terror financing. He also suggests that in order to balance the competing political and financial concerns at play with sanctions, the international community led by the United States should make clear conditions for both exclusion and rejoining of the international financial system.

Aaron Arnold, Associate with the Project on Managing the Atom at the Belfer Center, and Nikos Passas, Professor of Criminal Justice at Northeastern University, argue in The Conversation that Iran's reintegration into the global financial system may in fact make it easier, not more difficult, to monitor Iranian financial activities for illicit transactions. They point to the fact that banks can monitor transactions for entities designated as involved in terrorist or weapons of mass destruction activities by the U.S. Treasury. They also suggest that Iran may adopt stricter money laundering standards in order to increase economic integration. While challenges remain, they suggest that building a public-private partnership between banks and regulators will ensure that Iran will be caught in any illicit financial actions after the nuclear deal.

Paul Volcker and John Holdren headlined the annual meeting of the Belfer Center International Council. Volcker, chair of President Obama's Economic Recovery Advisory Board, launched a thought-provoking discussion of "The American Economy, the Global Economy, and the Financial Order." Holdren provided an insightful look into the Administration's policies regarding science and technology.

"Globalization has the effect of incapacitating states as autonomous units."

It has been over a month since Platon Lebedev, a key figure in Russia's most valuable company and biggest oil producer Yukos, was abruptly and publicly arrested. And while the initial shock has worn off, the implications of what is seen by most as a Kremlin attack on one of Russia's most successful oligarchs remain serious

For Americans watching the deepening economic crisis in Russia, the most important question is why it matters to us. Given modest levels of U.S. investment and trade and muffled impacts on American markets, Russia's crisis would be important, but no more so than earlier crises in Korea and Indonesia.

But Russia is not Indonesia. The reason why Russia's meltdown matters for Americans is much more specific and potentially catastrophic. As an economic crisis accelerates the disintegration of authority in Russia, history has left a superpower arsenal.