Economic sanctions under international law : trade continuity with special purpose vehicles / edited by P. Sean Morris.

Includes bibliographical references and index.

PART I. Iran and economic sanctions - general framework. 1. The (il)legality of coercive secondary sanctions: non-compliance mechanisms as legitimate acts of retorsion / Ben L. Murphy -- 2. Iran's position in the world economy in the era of sanctions / Andżelika Kuźnar -- 3. "The economic policeman of the planet": sanctions, US extraterritoriality, and the case of Iran / Plavia Canestrini -- 4. The true colors of economic sanctions / Andrés Téllez-Núñez -- PART II. The special purpose vehicle experiment in international law. 5. Special purpose vehicles and international trade sanctions / Marcin Menkes -- 6. Why INSTEX and not sometihng else? signaling the illegitimacy of US foreign policy and US secondary sanctions / Keith A. Preble -- 7. Violation of human rights: failure to revive the JCPOA through special purpose vehicles / Zeynab Malakouti Khah -- 8. The United States' secondary sanctions, public international law, and the European Union - defending European foreign policy with a blunt sword / Patrick C. R. Terry -- 9. Certain Iranian assets from a sanctions perspective / Ukri Soirila -- PART III. Taming economic sanctions: responses and developments. 10. China's anti-sanctions regime: and initial assessment / Shen Wei and Zhang Beibei -- 11. Brief legal and doctrinal analysis of the rulings of the arbitrazh courts of the Russian Federation related to the consideration of disputes with sanctioned persons / Konstantin Branoyitskiy and Arina Sukhova -- 12. Financial (secondary) sanctions and the creatşon of a new international payments system / Roberto Soprano -- 13. Extraterritorial and secondary sanctions and the problem of overcompliance / Joy Gordon -- 14. International trade sanctions and bilateral agreements: a concluding question on secondary sanctions in light of Russian wartime economic diplomacy / P. Sean Morris.

"The effects of US secondary sanctions are broad and are often designed to cripple the target country's economy and currency. Some states have sought to circumvent these sanctions by setting up a special purpose vehicle to facilitate trade and financial transactions with the sanctioned country on humanitarian grounds. Although the nature of these special purpose vehicles is new and experimental, they are little understood, not least how they operate and function in international law. This volume addresses this gap by identifying and examining some of the legal issues that a special purpose vehicle such as the Instrument in Support of Trade Exchanges (INSTEX) generates. The collection brings together leading legal academics, sanctions practitioners and policy experts to provide an assessment of the special purpose vehicle in the context of secondary sanctions in international law. It will be of interest to researchers and academics in International law, Security law, Economic law and Comparative law"-- Provided by publisher.