The Screw Turns II: The Expansion of European Sanctions

On Monday, I talked about the new US Treasury designation. Last week, another shoe also dropped in the form of new European sanctions. The European Council takes a very deliberative process to the imposition of such measures, typically starting with the “transposition” of UNSC resolutions into Community law, and then adding so-called “autonomous” additional measures as deemed appropriate; these measures are binding on EU members but also require consensus. In addition, individual countries may p

Source: Peterson Institute (PIIE)