MACAU DAILY TIMES 澳門每日時報

Top Menu

  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia

Main Menu

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia
logo
FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,

MACAU DAILY TIMES 澳門每日時報

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • China’s record-breaking exports of clean tech making big dent in emissions

  • SMEs and community groups turning pink ribbon into action

  • A Symphony of Heritage: Reviving the Imperial Feast at Chai Jia Chai

  • MGM hits Q3 revenue record, market share reaches 17.1%

  • SSM evaluates new Taipa health center as lawmaker raises access concerns

  • 292-building conditions survey in historic center

Multipolar WorldOpinion
Home›Opinion›Multipolar World›From the extraterritoriality of sanctions to the power of European citizens
Multipolar World

From the extraterritoriality of sanctions to the power of European citizens

By Jorge Costa Oliveira
Monday, March 14, 2022
142
0

Jorge Costa Oliveira

One aspect that will differentiate the Russian war in Ukraine from previous wars will be the sanctions and their nature. The EU applies sanctions to implement UN Security Council resolutions or to further the objectives of the Common Foreign and Security Policy (CFSP) (the promotion of international peace and security, the prevention of conflicts, support for democracy, the rule of law and human rights and the defense of the principles of international law). In the EU, there is a legal framework to apply various types of sanctions targeting members of government bodies, companies, groups, organizations or individuals from countries that violate international law. In the case of the EU, sanctions have been the usual ones: (i) arms embargoes; (ii) admission restrictions (travel bans); (iii) asset freezing; (iv) other economic measures, such as restrictions on imports and exports. Following the Russian Federation’s intervention in Ukraine in 2014, the EU has applied several sanctions on Russia.

The US also applies (since 2017 at least) relevant sanctions on Russia based on the “Countering America’s Adversaries Through Sanctions Act” (Public Law 115-44) (CAATSA). The main difference with the US sanctions is that many of them have an extraterritorial effect, which means that secondary sanctions may be imposed on non-US persons who facilitate payments / breach of embargoes / access to assets to a blocked entity. The extraterritorial effect of US sanctions has, moreover, led the EU to take measures to avoid them, considering them illegal and unilaterally imposed.

The Russian invasion of Ukraine will lead to a change in Europeans’ stance in this domain. European public opinion is afire and deeply outraged by the daily images of Russian bombings of civilians. Pressure on European policymakers will quickly produce two results: on the one hand it will create an extension to the scope of sanctions (and the train has yet to leave the station); on the other hand, it will lead them to attribute extraterritorial effects to EU sanctions on Russia.

European public opinion finds it unacceptable that Russian oligarchs are able to continue operating from countries that are largely dependent on the EU (Switzerland quickly realized this). Or that Russian banks excluded from the SWIFT system can overcome this sanction by triangulating operations with the connivance of third-country banks (some Chinese banksseem to have already realized this). On the other hand, people fired up by what they consider morally unacceptable, quickly become Manicheans – either with us or against us. Countries that think it’s possible to have a neutral stance and the best of both worlds – to maintain access to cheap Russian raw materials (oil, gas, nickel, copper) while maintaining access to European and American consumer markets – will find that the power of European and American citizens is exercised more quickly than that of their governments, with boycotts of products from these countries. But many people, including decision makers, in Turkey, India and China don’t seem to have realized what may be on its way.

linkedin.com/in / jorgecostaoliveira 

Share this:

  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on WhatsApp (Opens in new window) WhatsApp
  • Print (Opens in new window) Print

Like this:

Like Loading…

Related

Previous Article

Monday, March 14, 2022 – edition no. ...

Next Article

Iran claims missile barrage near US ...

Related articles More from author

  • Opinion

    Macau Matters | A Tale of Several Pizzas

    Wednesday, February 27, 2019
    By -
  • Shuli-Ren,-Bloomberg
    Business ViewsOpinion

    A great wealth transfer is happening in China

    Tuesday, November 4, 2025
    By -
  • OpinionOur Desk

    Halal moments need more than a brochure

    Thursday, October 29, 2026
    By Nadia Shaw, MDT
  • Opinion

    World Views: Japan plays game of growth roulette with casinos

    Tuesday, August 26, 2014
    By -
  • China DailyOpinion

    Yellen’s visit comes with pragmatic expectations

    Monday, July 10, 2023
    By -
  • Shuli-Ren,-Bloomberg
    Business ViewsOpinion

    Citadel Securities is perfect for Asia’s Nasdaq chase

    Wednesday, May 13, 2026
    By -

  • HeadlinesWorld

    King’s heirs still grappling with his killing 50 years later

  • Asia-Pacific

    Pakistan | Death toll from Easter bombing reaches 70

  • China

    China blasts UK for delaying decision again on massive London embassy

DAILY EDITION

Friday, October 30, 2026 – edition no. 5065
Friday, October 30, 2026 – edition no. 5065

Greater Bay

MDT MACAU GRAND PRIX SPECIAL

November 2026
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« Oct    

Timeline

  • Friday, October 30, 2026

    China’s record-breaking exports of clean tech making big dent in emissions

  • Friday, October 30, 2026

    SMEs and community groups turning pink ribbon into action

  • Friday, October 30, 2026

    A Symphony of Heritage: Reviving the Imperial Feast at Chai Jia Chai

  • Friday, October 30, 2026

    MGM hits Q3 revenue record, market share reaches 17.1%

  • Friday, October 30, 2026

    SSM evaluates new Taipa health center as lawmaker raises access concerns

  • Friday, October 30, 2026

    292-building conditions survey in historic center

  • Friday, October 30, 2026

    Inflation up 1.33% in September due to fuel prices

  • Friday, October 30, 2026

    Customs seizes MOP1.48 million in smuggled goods

  • Friday, October 30, 2026

    New parking lot at Av. Marginal do Patane opens today

  • Friday, October 30, 2026

    CE extends condolences for the death of the former Vice Premier

Extra Times

Extra TimesHeadlinesTaste of Edesia

A Symphony of Heritage: Reviving the Imperial Feast at Chai Jia Chai

In the heart of modern dining, where fusion often threatens to overshadow tradition, an evening at Chai Jia Chai stands as a resolute testament to the enduring majesty of Chinese ...
  • Nickelback is in familiar form on cameo-heavy album

    By MDT/AP
    Friday, October 30, 2026
  • TUMI Debuts “Gifts for the Journey” Holiday Edit

    By -
    Friday, October 30, 2026
  • Toast to the Tropics: The Macallan “Coconut Dreams” Dinner

    By -
    Friday, October 23, 2026
  • ‘Clayface’ arrives as a pretty good R-rated revenge thriller-horror romance

    By MDT/AP
    Friday, October 23, 2026
  • Recent

  • Popular

  • China’s record-breaking exports of clean tech making big dent in emissions

    By -
    Friday, October 30, 2026
  • SMEs and community groups turning pink ribbon into action

    By Nadia Shaw, MDT
    Friday, October 30, 2026
  • A Symphony of Heritage: Reviving the Imperial Feast at Chai Jia Chai

    By Irene Sam, MDT
    Friday, October 30, 2026
  • MGM hits Q3 revenue record, market share reaches 17.1%

    By Nadia Shaw, MDT
    Friday, October 30, 2026
  • SSM evaluates new Taipa health center as lawmaker raises access concerns

    By Yuki Lei, MDT
    Friday, October 30, 2026
  • 292-building conditions survey in historic center

    By Yuki Lei, MDT
    Friday, October 30, 2026
  • Inflation up 1.33% in September due to fuel prices

    By Renato Marques, MDT
    Friday, October 30, 2026
  • Canidrome may have its days numbered, decision in ‘one or two months’

    By Paulo Coutinho, MDT
    Thursday, May 26, 2016
  • Animal Welfare | Macau: Anima slams Canidrome management for avoiding debate

    By -
    Wednesday, May 4, 2016
  • Editorial | Canidoomed

    By Paulo Coutinho, MDT
    Wednesday, June 1, 2016
  • Animal Welfare | Canidrome presented with ultimatum: close or move

    By Daniel Beitler, MDT
    Friday, July 22, 2016
  • Australia regulator cracks down on alleged exportation of dogs to Macau

    By Paulo Coutinho, MDT
    Friday, June 10, 2016
  • Animal rights | Canidrome: Anima in fresh airline negotiations as Canidrome closure looks more likely

    By Daniel Beitler, MDT
    Friday, May 27, 2016
  • USE OF ENGLISH IN MACAU | A ‘de facto’ official language

    By Catarina Pinto
    Monday, July 6, 2015
  • Contact our Administrator
  • Contact our Editor-in-Chief
  • Contacts
  • Our Team
  • Privacy Policy
  • Terms and Conditions
  • Editorial Statute
  • Code of Ethics
COPYRIGHT © MACAU DAILY TIMES 2008-2026. ALL RIGHTS RESERVED
MACAU DAILY TIMES
  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
    • PDF Editions
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia
Loading Comments...

You must be logged in to post a comment.

%d