Juan Zarate Comments on the Cumulative Effect of Sanctions in Business Insider
In “The United States vs. a Yacht: How the Government Can Take a Russian Oligarch’s $90 Million Superyacht” (Business Insider, 6 April 2022), Juan Zarate comments on the short- and long-term effects of sanctions. While they may not prompt immediate change, he says, “the cumulative effect of sanctions—and the signal that the U.S. is willing to […]
Forum: Juan Zarate Discusses Effectiveness of the Sanctions Against Russia
Are the sweeping and unprecedented sanctions against Russia working? Juan Zarate was part of a panel of experts answering that question on KQED’s Forum broadcast (4 April 2022). During the show, Juan and his fellow panelists talked in-depth about sanctions and how they work, and what the path forward looks like. Listen to the show.
NPR: How Sanctions Factor Into Negotiations Between Russia and Ukraine
Juan Zarate was featured on NPR’s Morning Edition (30 March 2022), where he answered questions about whether sanctions will actually help push Russia to end the hostilities. He commented: “Sanctions have a tail to them—they take time to take effect, the effects on the economy in Russia are still just being felt, and so I […]
Juan Zarate Discusses Cryptocurrency as a Workaround for Russian Sanctions on Click Here Podcast
Juan Zarate was interviewed on the Click Here podcast in a discussion of whether cryptocurrency exchanges are a feasible workaround for people impacted by Russian sanctions. In “War, Sanctions, and Crypto’s Big Moment” (29 March 2022), Juan noted: “I don’t think the infrastructure’s there to have the crypto ecosystem, especially in Russia … become an […]
Juan Zarate Discusses Challenges in Tracing and Seizing Assets of Russian Oligarchs with The Hill
In “Seizing Russian Yachts Is US Goal. But It’s Not Easy” (27 March 2022), Juan Zarate comments on the difficulty of the assignment given the U.S. DOJ’s KleptoCapture task force, set up to locate and seize the yachts, private jets, and other assets of wealthy Russian businessmen close to the Kremlin. He noted: “Asset recovery is […]
Les Echos: Danny Glaser Discusses the Challenges of Tracking Russian Oligarchs’ Assets in France
Danny Glaser was featured in French financial newspaper Les Echos (24 March 2022) on the challenges of tracking Russian oligarchs’ assets in France. He told Gwen Barzic “It is a lot easier to impose a sanction than it is to enforce a sanction.” Danny notes that in Europe specifically sanctions are viewed less as something […]
AP: Danny Glaser Discusses Lack of Funding for IRS Financial Investigators to Enforce Sanctions
In “IRS Unit Gets No Funds to Enforce Sanctions on Rich Russians” (23 March 2022, AP), Danny Glaser discusses the lack of funding for the IRS criminal investigations unit tasked with tracing financial activities associated with sanctioned people. Danny noted: “The IRS criminal investigators are some of the best financial investigators in the world. It’s […]
Juan Zarate Discusses Fate of Crypto Firms Seeking UK FCA Approval in the Financial Times
In “FCA Leaves Crypto Firms in Limbo as Registration Deadline Looms” (18 March 2022, Financial Times), Juan Zarate comments on delays in the registration process as crypto firms seek to join the UK Financial Conduct Authority’s (FCA) list of registered crypto firms—a requirement for running a digital assets firm in the UK. Juan noted: “The […]
Fault Lines: Juan Zarate on the Role of Virtual Currency in Russia’s War on Ukraine
Juan Zarate was interviewed on the Fault Lines podcast in a discussion of the role of cryptocurrency in Russia’s war on Ukraine. In “Crypto Is Having a Moment” (16 March 2022), Juan discusses whether Russia’s increased use of cryptocurrencies poses a threat to financial stability. Listen to the podcast.
Washington Post: Danny Glaser on the Global Quest to Seize Russian Assets
In “Biden Administration Identifies 50 Russian Elites as Targets for Global Hunt to Seize Assets” (16 March 2022, The Washington Post), Danny Glaser discusses Treasury’s contribution to the recently formed Russian Elites, Proxies and Oligarchs (REPO) task force, a new multinational body involving the United States and other allied nations. “What Treasury’s priority is right […]