... relatively high. But financial, industrial, defence and technology companies have long lived under a regime of sanctions against Russia as a whole, as well as individual sectors of its economy. The new blocking sanctions aren’t having a shock effect on the economy. Secondary sanctions are also unlikely to have a shock effect. Large companies have long been cautious in dealing with Russia, and smaller companies with an appetite for risk will continue to seek high returns. Third-country governments can crack down ...
... The introduction of a large new package of restrictions can hardly be called a new phenomenon. Over the past year and a half, they have become routine. However, the latest wave of sanctions is notable for its emphasis on certain sectors of the Russian economy, as well as the practice of applying secondary sanctions against companies in third countries involved in circumventing American restrictions.
Ivan Timofeev:
US Congress and Sanctions Against Russia
Blocking financial sanctions today can be considered a key tool of restrictive measures....
... “enforcement actions” concept; these actions target both Americans and foreigners. Although there is no generally accepted “secondary sanctions” concept, it appears expedient to use it in this particular meaning without reducing it solely to extra-territorial ... ... previously studied as well (see, for instance, [Shakirov 2011]). Russian scholars studied relations between sanctions and the global economy [Simonov 2015] and investigated sanctions as a foreign policy instrument [Baluyev 2014], the effect of sanctions on the ...
