These sanctions policies include controversial “secondary sanctions” — provisions that seek to coerce companies in other countries to comply with U.S. sanctions policies. is creating “special purpose vehicles” (SPVs) to allow Iran to do business outside the reach of U.S. financial sanctions. The full sanctions against IranThe United States on May 8 announced its intention to withdrawal from JCPOA and reimpose sanctions against Iran — establishing two waiver periods before the sanctions would fully go into effect Nov. 5. In the absence of broad cooperation from foreign governments, the United States will rely heavily on SDN/secondary sanctions to dissuade foreign companies from undercutting its sanctions against Iran. His book “Busted Sanctions: Explaining Why Sanctions Fail” describes how foreign sanctions-busting has consistently undermined the effectiveness of U.S. sanctions.

Source: Washington Post November 03, 2018 13:55 UTC