On December 9, 2015, GMF hosted Adam J. Szubin, acting under secretary for terrorism and financial intelligence of the U.S. Department of the Treasury, for a discussion on terrorism financing and sanctions, and was moderated by Christian Mölling, Senior Resident Transatlantic Fellow.
Acting Under Secretary Szubin gave an input statement with regard to U.S. and EU sanctions toward Russia and the recent agreement with Iran which dominated the discussions on sanctions over the past year. In the wake of the November 13 terrorist attacks in Paris, transatlantic partners are focusing on financial measures in counterterrorism, especially with regard to the so-called Islamic State group (ISIS). Europe and the United States have been closely coordinating a sanctions policy toward Iran and toward Russia. Now they are confronted with formulating an effective foreign and security policy for the situation in the Middle East, including Iran’s role in the region and Russia’s involvement in Syria.
The discussion was followed by a question and answer session touching on a number of issues such as the nuclear deal with Iran, sanction mechanisms toward Russia and its alternatives, as well as terrorism financing of the ISIS. This event was attended by think tank representatives, academics, diplomats, journalists, and experts from the private sector.