... commerce, business associations and entrepreneurs themselves. Here, the special representative will have more scope and prospects for securing compliance. Unlike government structures, business is showing much more nervousness and caution. Business fears secondary sanctions. If earlier the EU opposed secondary sanctions, today it is ready to apply them against Russia—such a legal mechanism has already appeared in Council Regulation (EU) No 269/2014. In addition, the European Union is working to harmonise ...
... growth of the Sino-American confrontation. There were three of them during the period under review. In addition to ZTE,
Hong Kong Sojitz Limited
in 2022 and the
Jereh Group
in 2018 were fined in 2018.
This is partly due to the active use of blocking secondary sanctions by the Treasury, as well as the fact that the US Department of Commerce plays a leading role in this area, since sanctions against China to a greater extent affect the issues of technology and "dual-use" goods.
The total ...
... regard to the situation in Ukraine. Now, they include individuals and legal entities that contribute to bypassing the sanctions regimes against Russia under the Ukrainian package. The new legal mechanism suggests that the European Union is adopting secondary sanctions similar to those used by the United States for a long time.
Ivan Timofeev:
Is It Possible to Lift Sanctions Against Russia? — No
The essence of secondary sanctions is that financial restrictions are applied for interaction with blocked ...
... and organizations were initially the key subjects of legal rules. American administrative vocabulary also includes the “enforcement actions” concept; these actions target both Americans and foreigners. Although there is no generally accepted “secondary sanctions” concept, it appears expedient to use it in this particular meaning without reducing it solely to extra-territorial measures.
Several U.S. agencies are in charge of monitoring sanctions compliance. The Department of State supervises ...
