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Course Application

ECONOMIC SANCTIONS

Prof. Marian Dent

Saturdays, October 4, 11 and 18, 10:00-14:00
Prof. Dent introduces the course

   The U.S. Government has used economic sanctions, customs regulations and export controls throughout its history to further various foreign-policy and national-security objectives. The most recent of these are, of course, the sanctions against Russia related to our opposing positions on Ukraine.  We’ve all read about them in the news.  But what does the term “sanctions” really mean? 

This twelve hour, one credit course, held in three, four-hour sessions, will examine how U.S. economic sanctions work, both generally and in relation to the Ukraine-related sanctions in particular.  We will look at the administrative agency (OFAC) charged with administrating the sanctions, its rulemaking authority and enforcement regime.  We will examine who is subject to the restrictions on doing business with sanctioned persons, and how to find, understand, and comply with the regulations.  We will explore what steps you can take if you find assets frozen or deals delayed by the sanctions. We will look at the cases that have been decided by OFAC and the courts concerning some previous and ongoing sanctions programs.  We will also study the other trade related side effects of our current, less friendly, relations such as customs treatment and export controls managed by the Department of Commerce Bureau of Industry & Security (BIS). And finally we will discuss political questions and predictions for the future.  This course is offered credit/no-credit only. 

There is no exam. There is no book to be purchased.  Purchase of some on-line materials may be required.