Abstract
Trade-restricting unilateral sanctions could face resistance from the targeted states and other states and regional organizations whose trade or non-trade interests are affected by the sanctions. This is particularly true in response to sanctions by the United States, which imposes secondary sanctions affecting actors from a broad range of third states. States resist such sanctions through judicial and non-judicial methods. This paper looks at three non-judicial methods states increasingly take in response to sanctions – special purpose vehicles, blocking statutes, and countermeasures – and provides an analysis of the international law issues pertaining to each method. Based on this analysis, the paper offers a comparative assessment of the potential usefulness and legal limitations of these methods in resisting undesirable foreign sanctions.
| Original language | English |
|---|---|
| Pages (from-to) | 380-388 |
| Number of pages | 9 |
| Journal | Global Trade and Customs Journal |
| Volume | 17 |
| Issue number | 9 |
| Publication status | Published - Sep 2022 |
Bibliographical note
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Keywords
- US sanctions
- international law
- special purpose vehicles
- blocking statutes
- countemeasures