Exploring the role of economic sanctions as a key tool for the U.S. government in achieving foreign policy goals, with a focus on the challenges faced by the Office of Foreign Assets Control (OFAC) in meeting the growing demand for sanctions. The chapter discusses a case study of sanctions imposed on Russia in 2022 and their effects on the country's financial institutions.
America’s use of sanctions has grown by almost 1,000% since 9/11. So why isn’t Congress giving the office in charge of them more resources?
Today on the Big Take DC podcast, host Saleha Mohsin talks to John Smith, a former director of the US Office of Foreign Assets Control, and Bloomberg National Security editor Nick Wadhams about OFAC’s scrappy operation and why lawmakers aren’t giving it more to work with.
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