April 15, 2016

The New Tools of Economic Warfare

Effects and Effectiveness of Contemporary U.S. Financial Sanctions

Economic sanctions have become an increasingly important way for the United States to project power and advance its national interests. Most recently, innovative and effective sanctions have addressed Iran’s nuclear program and Russia’s aggression in Ukraine, demonstrating the importance of coercive economic measures to U.S. foreign policy. But as sanctions have become a key piece of the U.S. strategy abroad, policymakers and thought leaders have raised questions about the role, effectiveness, and centrality of sanctions in U.S. policy.

In the report, sanctions experts at the Center for a New American Security and NYU School of Law's Center on Law and Security assess the effectiveness of sanctions following the aftermath of terrorist attacks on 9/11.

Authors

  • 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...

  • Dr. Daniel Drezner

  • Julia Solomon-Strauss

    Julia Solomon-Strauss is a J.D. candidate at Harvard Law School. She was the Program Associate at the Center on Law and Security at NYU School of Law from 2015 to 2017. Previo...

  • Zachary K. Goldman

    Former Adjunct Senior Fellow, Energy, Economics and Security Program

    Zachary K. Goldman is an adjunct senior fellow with the Energy, Economics and Security Program at the Center for a New American Security. Mr. Goldman also serves as the Execut...

  • Podcast
    • February 27, 2023
    Since Russia Invaded Ukraine, Allies Levied More Than 11,000 Sanctions on Russia

    NPR's Leila Fadel talks to Rachel Ziemba of the Center for a New American Security about sanctions which have failed to dramatically weaken Russia's economy, and its ability t...

    By Rachel Ziemba

  • Commentary
    • Foreign Affairs
    • February 23, 2023
    A Tool of Attrition

    Sanctions are more of a marathon than a sprint, and the long-term picture looks much more promising than the short-term one....

    By Edward Fishman

  • Commentary
    • November 2, 2022
    Sharper: The Future of Russia Relations

    While the recently released U.S. National Defense Strategy names the People's Republic of China as the greatest pacing threat facing the United States, Russia poses the most i...

    By Anna Pederson

  • Podcast
    • August 2, 2022
    The Cost of Economic War

    Sanctions, not bombs, have been the weapon chosen to take on the Putin regime. BBC speaks with macroeconomist Rachel Ziemba about the effectiveness of modern economic statecra...

    By Rachel Ziemba

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