Sanctions regime

Sanctions still effective but confusing “As Newman and I discuss in our research, the United States has expanded its use of sanctions in the recent past. It has been able to apply new kinds of power, leveraging the central role that the dollar and financial messaging systems such as SWIFT play in the global financial architecture. The United States has been able to rely on a sophisticated administrative apparatus, centered in the Treasury Department’s Office of Foreign Assets Control (OFAC), to administer sanctions policy. However, this power has its limits. It works best when other countries — especially U.S. allies — respect it and go along with it. ”
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