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Economics

Trump’s Sanctions Staff Defects as U.S. Expands Economic War

  • Departing staff cite mismanagement, lure of private sector
  • Treasury has doubled the pace of sanctions in two years
Eloane Container Ship Makes Berth At Port of Los Angeles
Photographer: Tim Rue/Bloomberg

The U.S. office in charge of financial sanctions, President Donald Trump’s favorite weapon against American adversaries, risks being hobbled by staff departures due to management turmoil and growing private-sector demand for its expertise.

Trump has nearly doubled the number of people and companies under U.S. sanctions. But in the last two years, about 20 staff have left the office in charge of implementing and enforcing sanctions, the Office of Foreign Assets Control -- about 10 percent of its workforce.