New Stage of EU Sanctions Policy: Extraterritorial Measures
... businesses that are engaged in legitimate trade and investment. This could help European companies to avoid “secondary” sanctions against them. However, things did not go beyond slogans, and the Agency was not created. In January 2021, the European ... ... Strategy was to promote financial and economic cooperation with third countries, including in connection with the application of extraterritorial sanctions. The European Commission, in cooperation with the European Central Bank and European supervisory authorities,...