The U.S. Supersizes Its Sanctions
Dec 6, 2018 | 11:00 GMT
- The United States has already imposed some of the broadest economic sanctions ever against Iran, but it is likely to turn up the heat even more in the year to come.
- Given the United States' proclivity to go it alone in imposing sanctions under the current administration, the country could eventually impose significant unilateral sanctions on countries other than Iran.
- Increasingly unilateral action by the United States is leading others, like the European Union, to explore ways to dilute the U.S. push, but as long as the U.S. financial system remains at the heart of the global financial system, that pushback will have limited success.