Economic Sanctions Work, Just Ask BNP Paribas (for the second time)

Clients often ask, “do economic sanctions really work?” I could take this thread many ways, however, they do. They really do. A nuisance to some, irritant to others, economic sanctions are, bar none, some of the most effective economic foreign policy tools available to the United States. They are relatively cheap to implement and can …

Economic Sanctions on the Venezuelan Regime, Long Overdue

Yleem’s latest commentary piece on economic sanctions and Venezuela ran in today’s print edition of The Washington Times. If there was ever a classic specimen calling for targeted economic sanctions it would be the Venezuelan government. For some odd reason, and Yleem elaborates on a few reasons why, the Bush and Obama Administrations have resisted just …

US Treasury OFAC Cracks Down on P2P Cuba Travel, Sanctions Violations

It is starting to appear that the U.S. Treasury Department Office of Foreign Assets Control (OFAC) is cracking down on more travel agencies offering people-to-people (P2P) travel services to Communist Cuba. Just yesterday OFAC announced that a Delaware corporation, with offices in Argentina, will pay close to three million dollars for alleged violations of U.S.-Cuba sanctions. …

The Hill: Sanctions Busters Get a Free Pass

From today’s The Hill newspaper, Dr. Yleem Poblete talks economic sanctions: Yleem Poblete, a former Hill aide for almost 20 years and the former House Foreign Affairs Committee chief of staff from 2011 through 2013, said politics is a likely reason for the delayed reporting. She said enforcing the sanctions was sometimes a problem under …

Response to Russia: Doomed to Fail Unless Immediate Action Taken

Thursday last week I moderated a panel on Capitol Hill with the Ambassadors from Ukraine, Czech Republic, Georgia and Lithuania titled: European Ambassadors to Discuss “Russian Aggression: Exploring the Implications of Putin’s Annexation of Crimea”. The discussion was co-hosted by the Institute for Policy Research & Catholic Studies and the School of Theology and Religious Studies at …

The Homer Simpsons of the Crimea Crisis

Washington, DC is digging out of yet another winter snow storm today. While they are at it, politicos might as well pick up a political shovel to also dig themselves out of the Ukraine political hole they keep digging. If this is the opening to some new Cold War, doubtful, or a prelude to the …

While Russia “Creates” the Autonomous Republic of Crimea, US Righteously Indignant

The United States is a day late and a dollar short, again. Without firing a shot, Russia has created the Autonomous Republic of Crimea. This Ukraine business is a significant strategic loss for the West and other lovers of freedom. The best the United States, and NATO allies will be able to do is impose sanctions …