Article in Journal
The Export of Sanction Policies: Extraterritorial Sanctions and Geopolitical Conflict
Eckhard Janeba
CESifo, Munich, 2023
EconPol Forum 24 (3), 15-18
CESifo, Munich, 2023
EconPol Forum 24 (3), 15-18
- The geopolitical rivalry between the US and China may spill over to Europe via extraterritorial sanctions
- The US-Iran conflict shows that Europe losing access to the US market has been a powerful threat to limit Europe’s trade with Iran
- US extraterritorial sanctions, seen as a tool to limit Iran’s sponsorship of international terrorism, became more attractive as the US became a energy exporter
- Countermeasures against extraterritorial sanctions exist but proved largely ineffective in the past
- European countries need to invest in strategic sovereignty to prepare for a possible fallout from the US-China geopolitical conflict
Included in
EconPol Forum 03/2023: How Sanctions Work - and Which Goals They Fail to Achieve
CESifo, Munich, 2023