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The EU’s coercive measures no longer act as an alternative to secondary sanctions The threat of applying secondary sanctions is often perceived as a key way to influence violators of foreign restrictions against Russia. This explains the great attention paid to this issue in research literature, the writings of ...
The concept of secondary sanctions remains vague. It has acquired not only and not even so much a legal or political character, but a psychological one Secondary sanctions have now become one of the key political risks facing the foreign partners of Russian businesses....
A BRICS interregional currency as a prerequisite for financial multipolarity The signing in December 2023 of the U.S. President’s decree imposing secondary sanctions on foreign financial institutions found to be supporting Russia’s military-industrial base made international settlements between Russian companies and their counterparties in “friendly” nations much more difficult. The precedent ...
... that fall under secondary US sanctions (for example, in the recent package of sanctions on June 12) also seems natural. However, dozens of companies from Turkey (a US NATO ally), the UAE (a US security partner) and Cyprus (EU member) are now under secondary sanctions. In other words, the circumvention of sanctions is quite possible within the jurisdictions of US allies or partners. This situation is explained by the fact that businesses, including specially created small companies, often participate ...
... transport and logistics, and the financial sector. However, Russian industrial and technology companies are already a typical target of US blocking sanctions. The structure of the sectoral coverage of blocking sanctions has remained virtually unchanged. Secondary sanctions against a number of companies from third countries cooperating with Russia can be considered equally common. These include six companies from China (which supplies electronics and optics to the Russian Federation), four companies from ...
... restrictions can hardly be called a new phenomenon. Over the past year and a half, they have become routine. However, the latest wave of sanctions is notable for its emphasis on certain sectors of the Russian economy, as well as the practice of applying secondary sanctions against companies in third countries involved in circumventing American restrictions. Ivan Timofeev: US Congress and Sanctions Against Russia Blocking financial sanctions today can be considered a key tool of restrictive measures....
Such sanctions are unlikely to ensure the blockade of Russia desired by the Western initiators. This was not achieved even with respect to Iran, whose economy is smaller than Russia's Another package of US sanctions has caused a stir in connection with restrictive measures against companies from Kyrgyzstan that work with Russia. In fact, such restrictions fit into an already-existing trend. Companies from friendly countries are under threat of blocking sanctions for dealing with sanctioned Russian...
... correspondence of the participants in the transaction, as well as signals to the authorities from the manufacturing companies, which were contacted by the accused Russian citizens and their partners. Along with criminal cases, the number of cases of secondary sanctions, that is, blocking financial sanctions for transactions in favour of previously blocked persons, is also growing. Since the beginning of 2023, the US Treasury has imposed such sanctions on people from China, India, Armenia, Kyrgyzstan,...
... individual countries that can turn a blind eye and even directly facilitate such supplies? Obviously, when developing new mechanisms, the EU was guided by the rich experience of the United States. Americans have been using three tools for a long time - secondary sanctions, the expansion of export restrictions, and criminal and administrative prosecutions. In the first case, the US Treasury simply imposes blocking sanctions on individuals and entities that are suspected of circumventing sanctions. Such ...
... 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 ...
| U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements |
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| U.S. wants to deter Russia’s military and political activity |
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| U.S. wants to dissolve Russia |
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| U.S. wants to establish alliance relations with Russia under the US conditions to rival China |
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