Asia Under Fire of US Sanctions

... landmark case was the addition of the China Ocean Shipping Company (COSCO) to the SDN-list. COSCO is suspected of transporting Iranian oil in violation of US sanctions. This is not an ordinary case, because the Americans have applied an extraordinary measure ... ... officials in charge. The sanctions are much closer to political issues, even if they are based on economic restrictions. While trade wars may well be waged between partners, an escalation of sanctions is a sign of more fundamental problems in relations,...