April 19, 2024

New Treasury measures: maritime interdictions and the diplomatic off ramp

Friday's sanctions up the pressure on the DPRK, but enforcement remains the perpetual challenge

“Harshest.” “Strongest.” “Toughest ever.” How many times have we heard such sanctions hyperbole before?

The new measures announced by the Trump administration on Friday are in fact significant. But in the sanctions enforcement game, “significant” suggests something more modest. The reasons have to do with the economics of sanctions evasion.

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