Asia & the Pacific

Last week, President Trump signed a new executive order that paves the way to impose sanctions against any foreign bank that conducts business with North Korea, going well beyond current UN financial sanctions. These so-called secondary sanctions, which are penalties applied to third-party foreign banks (i.e., not directly against North Korean entities), are particularly focused on Chinese banks.

"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..."

Ayman Khalil asked whether the effort to create a WMD-free zone in the Middle East is dead. Martin's answer is this: The effort will continue, but the opportunity presented by the 2010 Review Conference for the Nuclear Non-Proliferation Treaty (NPT) may be slipping out of reach.

John Park, research fellow with the Belfer Center's Project on Managing the Atom/International Security Program, is interviewed by CNN, NPR, and other media about the regional and global impact of the death of North Korea's Kim Jong-il.

The Spring 2011 issue of the Belfer Center newsletter features recent and upcoming activities, research, and analysis by members of the Center community on critical global issues. This issue highlights the Belfer Center’s continuing efforts to build bridges between the United States and Russia to prevent nuclear catastrophe – an effort that began in the 1950s. This issue also features three new books by Center faculty that sharpen global debate on critical issues: God’s Century, by Monica Duffy Toft, The New Harvest by Calestous Juma, and The Future of Power, by Joseph S. Nye.

"The most important non-state actor in Pakistan is the army. Normally, a country's army constitutes its ultimate instrument of legitimate force. But the Pakistani army is independent of the civilian government. It considers its interests as separate from those of this government. It has acted more like a mercenary force, reluctant to assume responsibility for defending the country against internal threats. It maintains links with some of the very elements that threaten the country's security."

"EVEN as Russia and Georgia continue their on-again, off-again struggle over South Ossetia and Abkhazia, a frenzied tea-leaf reading about the war's global political ramifications has broken out across airwaves and think-tank forums. But as the situation on the ground recedes inevitably to some new form of the pernicious "frozen conflict" that has plagued the region since Georgia's civil wars of the early 1990s, few are paying attention to a less portentous but equally critical international threat: an increase in the longstanding, rampant criminality in the conflict zones that is likely to further destabilize the entire Caucasus region and at worst provide terrorist groups with the nuclear material they have long craved."

"Gilani is leader of a coalition government with a strong mandate but facing difficult problems. It is also committed to policies that could cause turbulence, particularly reinstating judges deposed by President Pervez Musharraf. Gilani's position is further complicated by political circumstances, with the leaders of the dominant parties in the ruling coalition directing policy from outside parliament."

SOME IN the West have recently begun referring to the 2008 Beijing Olympics as the "Genocide Olympics" because of China's continued business ties with Sudan and its reluctance to intervene decisively in the Darfur conflict....