Sanctions Top-5 for the week ending 27 August 2021

Here are five things that happened this week in the world of economic sanctions that I think you should know about.

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  1. The G7 (Canada, the EU, France, Germany, Italy, Japan, the UK, and the United States) may consider adopting coordinated sanctions targeting the Taliban in Afghanistan at a meeting today, according to reports.

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The developments in Afghanistan have thrown up a lot of questions about how current or future sanctions against the Taliban could impact the country’s economy and humanitarian aid. Check out this piece by Brian O’Toole at the Atlantic Council for some background on UN sanctions and this piece by Adam Smith at Just Security for some background on US sanctions related to the Taliban.

You might also be interested in this Foreign Policy piece by Paul Massaro concerning the Biden administration’s ongoing top-down sanctions policy review. Although sanctions have a spotty record of changing their targets’ behavior, “. . . sanctions have increasingly — and increasingly successfully — been used to target, upend, and dissolve networks of malign figures: of kleptocrats and oligarchs and organized crime organizations around the world,” Massaro writes.

Did I miss something? Send me a message or comment on LinkedIn.

(The views expressed are my own and do not constitute legal advice. Photo from Vladislav Reshetnyak.)

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Nicholas Turner

Nicholas Turner

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US attorney in Hong Kong specializing in economic sanctions, financial crimes. Sign up for emails: http://eepurl.com/cVhTXf LinkedIn at: http://goo.gl/KX1jER