Daniel Tannebaum of PwC on Sanctions

The video discusses the US's frequent use of sanctions as a foreign policy strategy, particularly under the Trump administration. It explores the impact on global markets, with countries like Turkey struggling to find alternative oil suppliers. The shift in enforcement power from the Treasury to the State Department is highlighted, along with the risks and penalties for global businesses. The effectiveness of sanctions is debated, with concerns about overuse diminishing their impact. Europe's attempts to circumvent sanctions are examined, and the future of sanctions is considered unpredictable but significant.

What was the primary goal of the US sanctions discussed in the video?

• To support Iranian oil trade

• To increase Iranian crude exports

• To stabilize the global oil market

• To reduce Iranian crude exports to zero

What is the main challenge faced by Turkey regarding US sanctions?

• Negotiating new trade deals with Iran

• Reducing oil prices

• Increasing Iranian oil imports

• Finding alternative suppliers for Iranian oil

How has the enforcement of US sanctions changed from 2018 to 2019?

• Enforcement has decreased

• Enforcement has been abolished

• Enforcement has remained the same

• Enforcement has increased

What is the advice given to global companies with US exposure regarding sanctions?

• Ignore US sanctions

• Be aware of counterparty risk with countries like Iran

• Increase trade with sanctioned countries

• Focus on domestic markets only

How are sanctions being used differently now compared to historically?

• As a means to increase global trade

• As an economic missile for near-term reactions

• As a diplomatic tool

• As a long-term strategy

What was the focus of the European circumvention efforts?

• Trade agreements

• Economic sanctions

• Humanitarian aid

• Military aid

What is the current status of the use of sanctions by the US administration?

• Sanctions are being phased out

• Sanctions are being replaced by tariffs

• Sanctions are here to stay

• Sanctions are only used in emergencies