February 02, 2017
Putin, don’t expect much from Trump's sanctions relief
Recent reports suggest that President Trump is preparing to roll back U.S. financial sanctions on Russia in order to improve bilateral relations. But such measures will not deliver any significant economic relief to Russia, and they could be undercut by Russia hawks in the U.S. Congress.
What’s more, sanctions relief could hurt some U.S. economic interests.
President Trump has offered little regard for the financial sanctions enacted by the Obama administration to target Russia’s territorial aggression in Crimea and Eastern Ukraine.
It would come as little surprise if he acts unilaterally to implement this policy, even without Moscow’s fulfillment of Minks commitments as demanded by European leaders and many in Congress. The sanctions Trump would abolish restrict Russia’s banking, energy, and defense sectors, and impose visa bans and asset freezes on Russian and Crimean individuals. They were carefully coordinated with Europe, and supplemented by the U.S. Congress.
Read the full article at The Hill.
More from CNAS
-
Economic Security in North America
Commentary
Executive Summary In its request for comment, the Office of the U.S. Trade Representative (USTR) solicits comments on and recommendations for “specific actions [to promote] al...
By Emily Kilcrease & Geoffrey Gertz
-
How Sanctions Became a Way to Wage War and When They Actually Work, with Eddie Fishman
Podcast
In this episode of “Financial Crime Matters,“ Kieran Beer talks with Eddie Fishman, CNAS adjunct senior fellow and author of “Chokepoints: How the Global Economy Became a Weap...
By Edward Fishman
-
Video
Defense / Energy, Economics & Security / Technology & National Security
The Outlook CEO Perspectives on Risk, Resilience and ReturnsJoin David Schwimmer and Richard Fontaine, CEO of the Center for New American Security, as they explore the current national security landscape and its impacts on global econo...
By Richard Fontaine
-
What's an Economic Security Agreement and Why Does the U.S. Need Them? With Peter Harrell
Podcast
Derisky Business is returning for season 2! After a brief hiatus in which obviously nothing (nothing!) notable happened in the world of trade and economic security, Emily and ...
By Geoffrey Gertz & Emily Kilcrease
