Swiss Cheese Sanctions
Like a metaphorical piece of Swiss cheese, U.S. sanction policy is allegedly riddled with loopholes. A former Treasury official claims licenses to trade with blacklisted countries like Iran have been distributed to the tune of billions of dollars of profits, all at the behest of lobbying groups. Officials are worried about damaging U.S. “integrity” with such loopholes. —JCL The BBC: US sanctions tend to be riddled with exceptions that are neither humanitarian nor democracy-related, a former US sanctions official has said. Stuart Eizenstat, a deputy treasury secretary in the Clinton era, told the BBC World Service that such loopholes were created by lobbying groups. A New York Times report found evidence of US firms trading legally with blacklisted countries such as Iran. Read more Related Entries December 24, 2010 Award Recognizes Uncompromising Change Makers December 23, 2010 Good News for the Places Where the Wild Things Are
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Swiss Cheese Sanctions
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on December 24, 2010. Filed under