Sanctions 101: How Powerful are Sanctions, Really?

10/16/18 • 31 min

How powerful are sanctions, really? In this episode, Jen and Jarrett talk to former U.S. treasury secretary Jack Lew about how policymakers ought to approach sanctions, and the dangers of using sanctions unwisely. This is the second episode of a three-part special series on sanctions—a 101 on how sanctions work and how policymakers should use them. Don’t miss part one of our series on what sanctions are and how they work. Listen here: https://soundcloud.com/diplopod/sanctions-101-how-sanctions-work And come back tomorrow for part three of our series, when Jen and Jarrett talk to sanctions lawyer Greta Lichtenbaum about how she helps her clients navigate sanctions policies. To make sure you don’t miss anything, subscribe wherever you listen to podcasts. Jacob Lew served as U.S. secretary of the treasury from 2013 to 2017. He previously served as White House chief of staff. Jarrett Blanc is a senior fellow in the Geoeconomics and Strategy Program at the Carnegie Endowment for International Peace. He was previously the State Department coordinator for the Iran nuclear deal (JCPOA). We want to hear from you! Write to us at [email protected], or call us at 202-939-2247. Leave us a voicemail and we might use your question on a future episode. You can also talk to us on Twitter using #DiploPod. And follow Jen! She’s on Twitter at https://twitter.com/jrpsaki. Go Deeper: Read Jack’s new Foreign Affairs article on economic statecraft: https://www.foreignaffairs.com/articles/world/use-and-misuse-economic-statecraft?gpp=6Kgbv%2BDmD6cFKWHq7SX4uzozL2Fad2ZDR1NuUFRHcUkvK3F2TndueEtGRWpxSUFvZG1sbGV6V3BITGNrWDVHOHoxaThIdnB6Y291ODZWUS9POjViMDg1N2FjN2ZiZmEzYTdmYzEzYjA4NDkzM2I2MTFjZTMzZjI1NTJhMjAyOGNiMzM2MDVjYmMyOGI1MTU2YzU%3D&cid=%3Fcid%3Dlew_nephew_paywall_free_10152018 Watch Jack’s 2016 speech on U.S. sanctions policy: https://ceip.org/e-5191 More about Jack Lew: https://sipa.columbia.edu/faculty-research/faculty-directory/jacob-j-lew More about Jarrett Blanc: http://carnegieendowment.org/experts/1343 Follow Jarrett on Twitter at https://twitter.com/jarrettblanc

Previous Episode

Sanctions 101: How Do Sanctions Work?

This is the first episode of a three-part special series on sanctions—a 101 course on how sanctions work and how policymakers should use them. This episode, Jen talks with her special cohost for this series, Jarrett Blanc, about what sanctions are and how they work. Over the next two days, we’ll release two more episodes—tomorrow Jen and Jarrett talk to former U.S. treasury secretary Jack Lew about how policymakers think about sanctions, and on Wednesday they’ll talk to sanctions lawyer Greta Lichtenbaum about how she helps her clients navigate sanctions policies. To make sure you don’t miss anything, subscribe wherever you listen to podcasts. Jarrett Blanc is a senior fellow in the Geoeconomics and Strategy Program at the Carnegie Endowment for International Peace. He was previously the deputy lead coordinator and State Department coordinator for Iran nuclear implementation at the U.S. Department of State under President Obama, responsible for the implementation of the Joint Comprehensive Plan of Action (JCPOA) on Iran’s nuclear program, including Iranian and U.S. commitments on sanctions. We want to hear from you! Write to us at [email protected], or call us at 202-939-2247. Leave us a voicemail and we might use your question on a future episode. You can also talk to us on Twitter using #DiploPod. And follow Jen on Twitter: https://twitter.com/JRPsaki Go Deeper: More about Jarrett Blanc: http://carnegieendowment.org/experts/1343 Read Jarrett’s op-ed on Russia sanctions: http://ceip.org/p-77414 Listen to Jarrett talk about Iran sanctions: http://ceip.org/p-77016 Follow Jarrett on Twitter: https://twitter.com/JarrettBlanc

Next Episode

Sanctions 101: How are Sanctions Implemented?

Jen and Jarrett talk to lawyer Greta Lichtenbaum about how sanctions policy translates into the real world, and how she helps her clients navigate them. This is the third episode of a three-part special series—a 101 on how sanctions work and how policymakers should use them. Don’t miss the first two episodes! You can find them in your feed wherever you listen to podcasts. Greta Lichtenbaum is attorney focused on compliance with U.S. laws that govern international business transactions and trade. She represents and advises clients in matters related to U.S. economic sanctions, export controls, anti-corruption, money laundering, anti-boycott, foreign investment, and customs laws. Jarrett Blanc is a senior fellow in the Geoeconomics and Strategy Program at the Carnegie Endowment for International Peace. He was previously the deputy lead coordinator and State Department coordinator for Iran nuclear implementation at the U.S. Department of State under President Obama, responsible for the implementation of the Joint Comprehensive Plan of Action (JCPOA) on Iran’s nuclear program, including Iranian and U.S. commitments on sanctions. We want to hear from you! Write to us at [email protected], or call us at 202-939-2247. Leave us a voicemail and we might use your question on a future episode. You can also talk to us on Twitter using #DiploPod. And follow Jen! She’s on Twitter at twitter.com/jrpsaki. Go Deeper: Read Greta’s Q&A on renewed Iran sanctions: More about Greta Lichtenbaum: https://www.omm.com/professionals/greta-h-lichtenbaum/ More about Jarrett Blanc: https://carnegieendowment.org/experts/1343 Follow Jarrett on Twitter at twitter.com/jarrettblanc