11 Items

Dollar bills

AP Photo/Mark Lennihan

Analysis & Opinions - Belfer Center for Science and International Affairs

The Consequences of Weaponizing the U.S. Dollar

| July 22, 2019

Should INSTEX itself be sanctioned, it would be a powerful signal to the rest of the world. In this scenario, critical dollar-denominated trade not currently facing sanctions, but at potential risk of being sanctioned in the future, could migrate to third party currencies, transferred through sanctions-resistant entities to an INSTEX-like body.

Chinese President Xi Jinping speaks during a news conference

AP Photo/Jason Lee

Analysis & Opinions - Belfer Center for Science and International Affairs, Harvard Kennedy School

The Silk Road and the Gulf: A New Frontier for the RMB

| Mar. 14, 2019

Many view the Belt and Road Initiative as the most geoeconomically significant infrastructure project since the Marshall Plan. Promising alternative trade routes, abundant capital flows, and advanced infrastructure to the developing world, the program has scaled significantly since its inception in 2013. Standing at the crossroads of Eurasia, the Gulf States and broader Middle East are an important link between the economies of East Asia and Western Europe.

Saudi Arabia Deputy Crown Prince Mohammed bin Salman shakes hands with Chinese President Xi Jinping

AP Photo/Rolex Dela Pena

Analysis & Opinions - The Hill

In the Gulf, China Plays to Win but US has Upper Hand

| Mar. 12, 2019

A surge of U.S. oil production has reduced Washington’s need for imports, leaving China as the world’s largest purchaser of crude in global markets. Meanwhile, Beijing has become the largest trading partner of Saudi Arabia, the United Arab Emirates, Kuwait and Oman, as well as Iraq, Iran, Egypt and Lebanon. Now, with synergy between Xi Jinping’s One Belt, One Road and Vision 2030, the stars seem aligned for a Saudi-Sino alliance to displace American influence in the Gulf.

The European Central Bank by the river Main in Frankfurt, Germany.

AP Photo/Michael Probst

Analysis & Opinions - Belfer Center for Science and International Affairs, Harvard Kennedy School

Too Big to Evade: The Costs of Europe Sticking with Iran

| Feb. 20, 2019

In spite of initial hopefulness, the Europeans will eventually face a reckoning with the facts: Washington’s financial leverage over Brussels has, arguably, never been greater since the establishment of the euro in 1999. The power of the U.S. Dollar and weaponization of the U.S. financial system cannot be challenged successfully by Europe at this moment.

 

Mirrors (heliostats) circle a solar tower in the Negev desert, souther Israel

AP Photo/Oded Balilty

Analysis & Opinions - Belfer Center for Science and International Affairs, Harvard Kennedy School

Envisioning a New Economic Middle East: Reshaping the Gulf with Israel

| Jan. 31, 2019

The hope is that the greater economic cooperation incubating between the Gulf States and Israel will create a culture of entrepreneurship within Gulf economies. In that way, the Gulf States will begin to each adopt a “startup nation” mentality that has been championed in Israel over the past successful several decades.

President Donald Trump talks with Turkey's President Recep Tayyip Erdogan, at a summit of heads of state and government at NATO headquarters in Brussels on Wednesday, July 11, 2018. (AP Photo/Pablo Martinez Monsivais)

AP Photo/Pablo Martinez Monsivais

Analysis & Opinions - Atlantic Council

Trump Extends Feud with Turkey: Now What?

    Author:
  • David Wemer
| Aug. 10, 2018

On August 8, US President Donald J. Trump announced the doubling of steel and aluminum tariffs on Turkey, escalating the tension between the two NATO countries that has reached a boiling point over the last several weeks.

What does this escalation mean for US-Turkey relations and what should Washington and Ankara do from here? Atlantic Council experts and staff provide their reactions.

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News - Atlantic Council

Bridging the Gulf in the GCC

| May 11, 2018

Belfer Center Visiting Fellow Michael Greenwald, senior advisor to Atlantic Council President and Chief Executive Officer Fred Kempe, was interviewed by Rachel Brandenburg, director of the Scowcroft Center for Strategy and Security’s Middle East Security Initiative at the Atlantic Council, about the implications of the ongoing feud for the Gulf states and US interests. Greenwald is a former US Treasury attaché to Qatar and Kuwait.