November 11, 2018

Iran And Trading Partners Will Find Ways To Skirt Sanctions, Analysts Say

Featuring: Peter Harrell, and Elizabeth Rosenberg

Source: NPR

Journalist: Jackie Northam

The Trump administration hopes the sweeping sanctions it has imposed on Iran's oil, shipping and banking industries will cripple its economy and force it to negotiate a new nuclear deal.

But analysts point out that while such economic penalties can be persuasive, there are also ways to circumvent them.

"There will always be both overt and covert activities to work around sanctions, to dodge sanctions or evade them," says Dan Wager, a global sanctions expert at the consulting firm LexisNexis Risk Solutions. "That's something that's gone on for a very long time."

Iran endured global sanctions for years until 2016, when an agreement with the U.S. and other world powers gave the country economic relief in exchange for limiting Tehran's nuclear program. President Trump unilaterally pulled out of that multination deal and placed a raft of U.S. sanctions back on Iran.

Read the full article and more on NPR.

Authors

  • Peter Harrell

    Former Adjunct Senior Fellow, Energy, Economics and Security Program

    Peter Harrell is a former adjunct senior fellow at the Center for a New American Security. He is a leading expert on U.S. economic statecraft, including sanctions, export cont...

  • Elizabeth Rosenberg

    Former Senior Fellow and Director, Energy, Economics and Security Program

    Elizabeth Rosenberg is a former Senior Fellow and Director of the Energy, Economics, and Security Program at the Center for a New American Security. In this capacity, she publ...