Breaking: The Arkin Group Launches TAG Intel, Unlocking CIA-Level Geopolitical Intelligence for Wealth Management

In Other News: Sanctions on Russia, Iran Nuclear Deal & More – April 16, 2021

April 16, 2021

The Biden Administration imposed a robust round of sanctions against Russia for a litany of transgressions, targeting 32 entities and individuals involved in disinformation, Russian interference in the 2020 presidential election, and Russia’s occupation of Crimea. The sanctions aim to stifle lending to the Russian government, barring U.S. financial institutions from the primary market for rouble-denominated Russian sovereign bonds from June 14. The U.S. has also publicly identified the SVR as the entity responsible for the SolarWinds cyberespionage effort discovered at the end of 2020 and expelled 10 Russian diplomats believed to be intelligence agents from the Russian Embassy in Washington, DC. These are the visible facets of the U.S. response to Russian aggression. What’s more, the U.S. has stressed that there will be “unseen” components, as well. This announcement comes at a difficult moment for the Kremlin, which is contending with a faltering economy and a high-profile hunger strike by jailed opposition figure Alexey Navalny. These sanctions are also designed to cool down the saber rattling by Russia, which is amassing military forces along the border with eastern Ukraine and Crimea. Putin will not back off and is likely to respond to the new sanctions by countering in a measured way to match these actions, including the use of cyber operations and disinformation. These maneuvers leave room for miscalculation, but both sides have a good understanding of the risk. That said, this is a necessary step to set the stage for serious negotiations on a new set of Moscow Rules. Putin is a realist and has an appreciation of power in negotiations. Neither side can afford to begin discussions from a position of weakness. We have been drifting into a new Cold War in recent years, which is why it is necessary for the two sides start the arduous process of establishing rules of the road on both the use of cyberattacks and interference in each other’s internal politics. President Biden has offered Putin the possibility of a summit in coming months, and the upcoming Summit on Climate on April 22 and 23 may offer a natural opportunity to begin that dialogue, coupled with sidebar discussions among national security officials. This could be a critically important first step.

Should you be interested in probing deeper into the U.S. dynamic with Russia today, check out Spymaster’s Prism: The Fight Against Russian Aggression, by Jack Devine.

Iran and co-signatories to the 2015 nuclear agreement resumed negotiations in Vienna yesterday in a continued attempt to revive the deal, despite an attack on the Natanz nuclear facility earlier this week. The attack, widely believed to have been carried out by Israel, caused damage that was initially reported to be extensive (but has since been downplayed by Iran) and put the negotiations on shaky ground. In the immediate aftermath, Tehran pledged to increase uranium enrichment – in further violation of its commitments under the 2015 nuclear deal – but Ayatollah Khamenei later signaled Iran’s intent to move forward with nuclear deal negotiations despite the attack. The talks will be an uphill battle for a variety of reasons, not least years of deep mistrust between the U.S. and Iran. However, events of this week suggest that even robust commitment to reaching an agreement on both sides cannot control for external factors. Israel has consistently opposed the deal, saying that the terms will not prevent Iran from developing nuclear weapons, and has displayed its willingness to take action it deems necessary to sabotage Iran’s nuclear program, even at the risk of disrupting a key foreign policy goal of one of its staunchest allies. This is even more reason for Tehran to see a deal as being in its interest. Sacrificing the country’s economic health for the sake of nuclear weapons was never a trade-off that made sense, and it may well be that its neighbors will, by hook or by crook, prevent a nuclear-armed Iran from ever coming to pass.

Prime Minister Narendra Modi appears mindful of politics and economics even as India faces a second, more deadly wave of Covid-19. The surge of new cases is causing migrant workers to pour out of cities like Mumbai, which are going into varying degrees of lockdown again. The number of infections has increased to more than 13.5 million confirmed cases, with the daily count now over 200,000. This figure puts India second to the United States. But even as migrants crowd stations to get out of the cities, reminiscent of scenes from the large-scale lockdowns in 2020, large gatherings continue throughout the country. From the farmers’ protests in the north that continue on after six months to the thousands of Hindus gathering on the banks of the Ganges for a religious festival to the large rallies held by Prime Minister Narendra Modi’s political party facing upcoming local elections – it seems that the Indian government is loath to address the virus on a national scale. India’s economy shrank nearly 24% under the national lockdowns in 2020, causing deep suffering among India’s poorest segments of society. So far, the Indian government has been pushing for targeted lockdowns, or “micro containment zones,” in the cities and for the ongoing efforts of the national vaccination program, which is behind schedule and further complicated by reports of vaccine shortages. At the current inoculation rate, India would need more than two years to vaccinate 70% of its population and reach herd immunity. With the pace of vaccinations in India still vexingly slow at a time when cases are spreading rapidly, it seems unlikely India will get the virus under control any time soon.

Share this post

More To Explore

Maduro On The Ropes: Venezuela’s High-Stakes Election

July 26, 2024 This Sunday, Venezuela holds presidential elections – and Maduro has made it clear he’ll do everything he can to cling to power. For the first time in nearly a decade, longstanding Venezuelan President Nicolas Maduro- whose dismal approval ratings hover between 15-20% – faces a serious challenge from an opposition candidate. And...

A View From Abroad

July 18, 2024 Elections in France and the United Kingdom were a revolt against the incumbents. Over the past few weeks, discontented constituencies in the United Kingdom and France unleashed their frustrations at the ballot box– unseating incumbents and shifting the power dynamic. But while voters in both nations were united by a dissatisfaction with...

Maduro On The Ropes: Venezuela’s High-Stakes Election

July 26, 2024 This Sunday, Venezuela holds presidential elections – and Maduro has made it clear he’ll do everything he can to cling to power. For the first time in nearly a decade, longstanding Venezuelan President Nicolas Maduro- whose dismal approval ratings hover between 15-20% – faces a serious challenge from an opposition candidate. And...

A View From Abroad

July 18, 2024 Elections in France and the United Kingdom were a revolt against the incumbents. Over the past few weeks, discontented constituencies in the United Kingdom and France unleashed their frustrations at the ballot box– unseating incumbents and shifting the power dynamic. But while voters in both nations were united by a dissatisfaction with...