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International Relations & Diplomacy vocabulary · Sanctions & Economic Diplomacy

Secondary sanctions

Meaning in international relations & diplomacy, with examples

nounAdvanced term

In international relations & diplomacy, secondary sanctions means: Sanctions that punish companies or banks in third countries for doing business with a state or person that is already under sanctions.

In Turkish: ikincil yaptırımlar

How it is used

Used mainly in legal, banking and compliance work. They extend the reach of sanctions beyond the imposing country's own companies. They are controversial because third countries may see them as extraterritorial, and some have adopted 'blocking' laws in response.

Example sentences

  1. The bank stopped the payments because it feared secondary sanctions.

  2. Secondary sanctions can affect companies that have no link to the imposing country.

  3. Our compliance team checks every contract for the risk of secondary sanctions.

Common collocations

  • risk of secondary sanctions
  • threaten secondary sanctions
  • exposure to secondary sanctions
  • extraterritorial sanctions
  • sanctionsPenalties, such as trade restrictions or frozen assets, that one or more countries or international organisations impose on a state, group or person to change their behaviour.
  • targeted sanctionsSanctions aimed at specific people, companies or sectors, such as officials or banks, instead of a whole country's economy, in order to limit harm to ordinary citizens.
  • asset freezeA measure that stops a person, company or government from using or moving the money and property they hold abroad or in a country's banks.
  • export controlsGovernment rules that limit, or require licences for, the export of sensitive goods, software and technology, especially items that could have military uses.

More terms: Sanctions & Economic Diplomacy

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