Esfandyar Batmanghelidj and ELN Policy Fellow Axel Hellman have published a new op-ed in Foreign Policy, in which they argue that the European Union needs to defend its economic sovereignty from U.S. sanctions overreach. Creating its own agency for sanctions enforcement would be a start.
With the international nuclear agreement with Iran in peril following the U.S. withdrawal from it, Esfandyar Batmanghelidj and Axel Hellman present a vision of a new banking architecture that could be at the heart of a European package to protect Europe-Iran economic ties and help sustain the deal in spite of U.S. sanctions.
Axel Hellman and Denitsa Raynova look at the state of transatlantic relations and argue that European leaders should not distance themselves from the United States, but coordinate closely where possible while credibly demonstrating that they are willing to take on a greater share of responsibility for regional and international security.
As the future of the Iran nuclear deal looks increasingly uncertain, ELN Policy Fellow Axel Hellman argues that European policymakers should leverage the value of the transatlantic partnership to influence US decision-making and demonstrate Europe’s commitment to the deal while laying the technical and political groundwork to challenge the snapback of US sanctions.