Council on Foreign Relations 267d ago

“Secondary sanctions can be incredibly powerful,” says Canadian Prime Minister Mark Carney. He discusses how secondary sanctions are an effective tool to isolate foreign countries, such as Iran and Russia. Carney explains that such sanctions do not only target the banks directly dealing with a sanctioned country—they also apply to those banks’ other clients. He argues that that risk enhances the impact of sanctions and increases financial isolation. Subscribe to our channel: https://goo.gl/WCYsH7 This work represents the views and opinions solely of the author. The Council on Foreign Relations is an independent, nonpartisan membership organization, think tank, and publisher, and takes no institutional positions on matters of policy. Visit the CFR website: http://www.cfr.org Follow CFR on Twitter: http://www.twitter.com/cfr_org Follow CFR on Facebook: https://www.facebook.com/councilonforeignrelations/