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New Stage in US Use of Financial Sanctions as Strategic Weapon? Levey Departs

Published online by Cambridge University Press:  07 May 2025

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Stuart Levey, who helped put the US Treasury at the center of US national security strategy and policy-making during a career that spanned the Bush and Obama administrations, has announced his retirement.

The policy-making legacy he leaves behind, central to the enhanced unilateral use of financial and economic sanctions against “rogue” states by the Bush and Obama administrations, underscores the need for a broader understanding of the ways in which US global policy functions. Specifically, at a time when the US faces costly failures on the battlefield in Iraq and Afghanistan, and growing social unrest across the Middle East and Africa, its hidden financial weapons retain their near mystical power to coerce recalcitrant nations.

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Type
Research Article
Information
Asia-Pacific Journal , Volume 10 , Issue 54 , December 2012 , e16
Creative Commons
Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-No Derivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.
Copyright
Copyright © The Authors 2012

Footnotes

Between 2012 and 2014 we posted a number of articles on contemporary affairs without giving them volume and issue numbers or dates. Often the date can be determined from internal evidence in the article, but sometimes not. We have decided retrospectively to list all of them as Volume 10, Issue 54 with a date of 2012 with the understanding that all were published between 2012 and 2014.' As footnote