U.S. to Broaden Scope of Russia Sanctions

“Secondary sanctions are intended to expand the US’s ability to pursue circumvention by actors who do not have any legal nexus with the US. It means the US can, in effect, enforce its sanctions on people who aren’t otherwise subject to US law,” said Emily Kilcrease, a trade and sanctions expert at the Center for a New American Security think-tank.

...

Kilcrease said: "You could see this as strengthening the legal basis under which the US could apply sanctions to Chinese banks that have assisted the Russian war effort. The Treasury will hope they take notice. But at some point you may need to actually escalate and sanction one of them."

Read the full story and more from Financial Times.