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U.S. Economic Sanctions

Russian police officers detain a woman.
Russian police officers detain a woman.

Sanctions Should Punish Putin, Not His Opponents

Russian emigres are being stripped of their ability to survive.

Cubans line up to buy food outside a store in Havana on Jan. 6.
Cubans line up to buy food outside a store in Havana on Jan. 6.

Rethinking Maximum Pressure

Washington loosens its sanctions on Cuba and Venezuela ahead of a critical summit.

A demonstrator holds a sign during a protest calling for the European Union to impose further sanctions against Russia in Kyiv, Ukraine, on Feb. 21.
A demonstrator holds a sign during a protest calling for the European Union to impose further sanctions against Russia in Kyiv, Ukraine, on Feb. 21.

The World Needs an Economic NATO

Russia’s war has made sanctions a powerful tool of statecraft. It’s time to formally enshrine them.

A motorcycle passes in front of an oil-themed mural in Caracas, Venezuela
A motorcycle passes in front of an oil-themed mural in Caracas, Venezuela

Democracy Is Not a Commodity

The United States shouldn’t bargain away Venezuela’s future for oil.

U.S. President Joe Biden speaks during the first North American Leaders’ Summit since 2016 in the East Room of the White House in Washington on Nov. 18, 2021.
U.S. President Joe Biden speaks during the first North American Leaders’ Summit since 2016 in the East Room of the White House in Washington on Nov. 18, 2021.

Biden Is Setting Himself Up for Embarrassment in Los Angeles

The upcoming Summit of the Americas could be the gravestone on U.S. influence in the region.

A currency exchange office in Moscow
A currency exchange office in Moscow

Why Russia’s Economy Is Holding On

With oil exports strong in April, Putin avoids economic ruin while hammering Ukraine.

Russian Foreign Minister Sergey Lavrov welcomes his Iranian counterpart, Hossein Amir-Abdollahian.
Russian Foreign Minister Sergey Lavrov welcomes his Iranian counterpart, Hossein Amir-Abdollahian.

Sanctioning Russia Won’t Stop Putin. Just Look at Iran.

Iran is a cautionary tale that stubborn autocracies can’t be disciplined with sanctions.

U.S. Secretary of State Antony Blinken meets with Abu Dhabi's Crown Prince Mohammed bin Zayed al-Nahyan (C) and his brother and Foreign Minister Sheikh Abdullah bin Zayed al-Nahyan (R) in Rabat, Morocco on March 29.
U.S. Secretary of State Antony Blinken meets with Abu Dhabi's Crown Prince Mohammed bin Zayed al-Nahyan (C) and his brother and Foreign Minister Sheikh Abdullah bin Zayed al-Nahyan (R) in Rabat, Morocco on March 29.

How Biden Can Rebuild U.S. Ties With the Gulf States

War in Ukraine and Yemen has strained relations between Washington and its Arab allies. Small moves from both sides could put things back on track.

A view of a closed McDonald's restaurant at a shopping mall in Moscow on March 16.
A view of a closed McDonald's restaurant at a shopping mall in Moscow on March 16.

How Corporate Boycotts Could Backfire

Activists seeking to shame companies doing business in Russia should be consistent in their moralism—and consider the consequences if Chinese consumers decide to punish the West.

Iran's chief nuclear negotiator, Ali Bagheri Kani, speaks to the press in front of  the Palais Coburg in Vienna on Dec. 27, 2021.
Iran's chief nuclear negotiator, Ali Bagheri Kani, speaks to the press in front of the Palais Coburg in Vienna on Dec. 27, 2021.

The United States’ Clueless Diplomacy Won’t Stop a Nuclear Iran

A new nuclear deal will strengthen the Islamic Revolutionary Guard Corps without derailing the regime’s long-term ambitions.

A closed Starbucks in Moscow
A closed Starbucks in Moscow

Why the Corporate Flight From Russia Is No Precedent for China

Businesses are unlikely to face similar pressures in an Asian crisis.

A picture taken on February 24, 2022 shows a video-conference of G7 leaders on Ukraine at the Elysee Palace in Paris.
A picture taken on February 24, 2022 shows a video-conference of G7 leaders on Ukraine at the Elysee Palace in Paris.

Only a Financial NATO Can Win the Economic War

The West’s sanctions abroad will fall short without cooperation on bailouts at home.

A commuter walks past an ad for the U.S. multinational investment bank and financial services company Morgan Stanley in Hong Kong on Sept. 30, 2021.
A commuter walks past an ad for the U.S. multinational investment bank and financial services company Morgan Stanley in Hong Kong on Sept. 30, 2021.

Ukraine Should Give Investors Second Thoughts on China

Russian President Vladimir Putin’s war has shown autocracies aren’t safe bets.

Ones and Tooze Override Photo
Ones and Tooze Override Photo

Ones and Tooze Podcast: How Rising Oil Prices Will Change Everything

The war in Ukraine has roiled energy markets and stands to affect everything from inflation to climate change.

A worker directs motorists lining up at a gas station just before a huge jump in the price of petroleum products went into effect in Quezon City, Phiippines, on March 7.
A worker directs motorists lining up at a gas station just before a huge jump in the price of petroleum products went into effect in Quezon City, Phiippines, on March 7.

How Rising Oil Prices Will Change the World as We Know It

FP columnist Adam Tooze on the implications for inflation and climate change.

Maduro and Putin on a placard in Caracas
Maduro and Putin on a placard in Caracas

U.S.-Venezuelan Oil Deal Should Not Forget Democracy

A surprise trip to Caracas seems to have secured some energy relief—but needs to yield democratic benefits, too.

Working pumpjacks are seen in the Montebello Oil Field in Montebello, California, on February 23, 2022.
Working pumpjacks are seen in the Montebello Oil Field in Montebello, California, on February 23, 2022.

How to Stop Oil Companies From Propping Up Kleptocrats

The industry’s belated withdrawal from Russia is a welcome move, but energy giants could do more to avoid bolstering corrupt and repressive regimes.

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