Book contents
- The Russia Sanctions
- The Russia Sanctions
- Copyright page
- Contents
- Acknowledgments
- Introduction
- 1 Before the Invasion
- 2 Invasion
- 3 The Financial Sanctions and Impact on the Global Financial System
- 4 Extraterritoriality
- 5 The Energy Problem
- 6 Trade as a Weapon
- 7 Food Insecurity
- 8 The Oligarchs, and Others
- 9 Escalation
- 10 Enforcement
- 11 Assessing the Sanctions
- Conclusion
- Appendix Selected Jurisdictions/Countries Joining in the 2022 Sanctions Response to Russia
- Notes
- Index
4 - Extraterritoriality
Published online by Cambridge University Press: 14 December 2023
Book contents
- The Russia Sanctions
- The Russia Sanctions
- Copyright page
- Contents
- Acknowledgments
- Introduction
- 1 Before the Invasion
- 2 Invasion
- 3 The Financial Sanctions and Impact on the Global Financial System
- 4 Extraterritoriality
- 5 The Energy Problem
- 6 Trade as a Weapon
- 7 Food Insecurity
- 8 The Oligarchs, and Others
- 9 Escalation
- 10 Enforcement
- 11 Assessing the Sanctions
- Conclusion
- Appendix Selected Jurisdictions/Countries Joining in the 2022 Sanctions Response to Russia
- Notes
- Index
Summary
This chapter explores the extraterritorial application of the U.S. sanctions: namely, the ability of those sanctions regulations to reach non-U.S. actors or activities taking place outside of the United States. The chapter examines a recent trend towards increasing extraterritorial enforcement by the U.S. sanctions authority. In particular, the chapter discusses the objections of China to such extraterritorial application of U.S. sanctions laws. Of particular focus are Russia’s and China’s attempts to de-dollarize and resort to alternative financial networks to lessen the impact of these sanctions.
Keywords
- Type
- Chapter
- Information
- The Russia SanctionsThe Economic Response to Russia's Invasion of Ukraine, pp. 40 - 52Publisher: Cambridge University PressPrint publication year: 2023