Romance And Realism

American policymakers have maintained that a strong India – working in close cooperation with the United States – is good for America and the world. Yet, divergent approaches to some key international issues have risen to the fore. New Delhi and Washington have differed, for instance, over whether to apply additional sanctions on Iran in […]

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Why Sanctions Don’t Work

Sanctions, particularly economic sanctions, have long been a tool of U.S. foreign policy, and few presidents have leaned on them as much as Barack Obama or been as successful at rallying others to do the same. To thwart Iran’s nuclear ambitions, the U.S. has cajoled and bullied much of the world to slash imports of […]

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Break Sanctions, Pay The Price

The US$1.92 billion settlement reached between HSBC and the U.S. Department of Justice this past December over allegations of money laundering by the global bank served as a stark reminder to all financial institutions: The penalty for breaking sanctions against Iran and other blacklisted nations would not only be severe, but even the biggest institutions […]

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