How do third parties react to commodity sanctions?

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• dc.contributor.author Vlaskamp, Martijn
• dc.date.accessioned 2024-11-04T12:46:26Z
• dc.date.available 2024-11-04T12:46:26Z
• dc.date.embargoEnd info:eu-repo/date/embargoEnd/2025-05-01
• dc.date.issued 2023
• dc.description.abstract Many sanctions regimes include bans on trade in natural resources (e.g., the US oil embargo on Venezuela, Iran, or Russia or Western sanctions on timber from Myanmar). Sanctions on various commodities have an “extraterritorial effect” and force third parties in public and private sectors to adapt their business strategies and behavior to multiple compliance requirements. Moreover, sanctions also indirectly affect third parties though commodity market mechanisms (e.g., price fluctuations, disruptions in supplies, financial risks, and uncertainties). The chapter discusses how third actors react to commodity sanctions. First, it provides a brief overview of past and present commodity sanctions. Then, it illustrates how third states can support the sanctions, maintain a neutral position, or proactively try to sabotage them. Similarly, companies can decide to either follow or ignore these sanctions regimes. As the chapter shows, the behavior of the government and businesses in third countries are not always the same. Third actors, therefore, should not be seen as monolithic blocks in research on sanctions.
• dc.embargo.liftdate 2025-05-01
• dc.format.mimetype application/pdf
• dc.identifier.citation Vlaskamp M. How do third parties react to commodity sanctions? In: Kirkham K, editor. The Routledge handbook of the political economy of sanctions. 1st ed. Abingdon, Oxon: Routledge; 2023. p. 249-59.
• dc.identifier.isbn 9781032355665
• dc.identifier.isbn 9781032355634
• dc.identifier.uri http://hdl.handle.net/10230/68423
• dc.language.iso eng
• dc.publisher Taylor & Francis (Routledge)
• dc.relation.ispartof Kirkham K, editor. The Routledge handbook of the political economy of sanctions. 1st ed. Abingdon, Oxon: Routledge; 2023. p. 249-59
• dc.rights This is an Accepted Manuscript of a book chapter published by Routledge/CRC Press in The Routledge handbook of the political economy of sanctions on 2023, available online: http://www.routledge.com/9781032355665 or http://www.crcpress.com/9781032355665.
• dc.rights.accessRights info:eu-repo/semantics/embargoedAccess
• dc.subject.keyword Commodities
• dc.subject.keyword Natural resources
• dc.subject.keyword Oil
• dc.subject.keyword Sanctions
• dc.subject.keyword Third parties
• dc.title How do third parties react to commodity sanctions?
• dc.type info:eu-repo/semantics/bookPart
• dc.type.version info:eu-repo/semantics/acceptedVersion