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.
|Number of pages
|Global Trade and Customs Journal
|Published - Sept 2022
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- US sanctions
- international law
- special purpose vehicles
- blocking statutes