The Exorbitant Privilege of US Extraterritorial Sanctions
Journal: Journal of Humanity and Society (insan & toplum)
Year: 2024

US extraterritorial sanctions, also called secondary sanctions, are inherently controversial due to the use of the exorbitant privilege of encroaching not only on the target state but also on third states’ jurisdictions and national interests. After surveying the state of the art in the debate on extraterritorial sanctions with a particular focus on the financial industry, this article refers to the major balancing powers’ policies for dealing with the US use of an exorbitant privilege and concl