The Practice and Inspiration of EU Blocking Legislation from the Perspective of International Law
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DOI: 10.25236/icemeet.2023.045
Corresponding Author
Zhi Xiangxue
Abstract
United States economic sanctions have affected global economic and trade exchanges, and countries have responded by enacting laws to achieve political objectives through unilateral sanctions. Among them, the European Union introduced the blocking law as a representative, its core system is to block the effectiveness and implementation of the United States law in the European Union, prohibit the relevant subjects to comply with the United States sanctions law. The EU blocking law has been interrupted and restarted, which reflects the political game between the big powers. The EU blocking law in the implementation of the subject of application, damage relief and other issues, China as a victim of the U.S. economic sanctions, can learn from and absorb the experience and lessons of the EU blocking law, to better improve the anti-sanctions legal system that has been established, to safeguard China's sovereignty, and to protect the legitimate rights and interests of Chinese enterprises and individuals.
Keywords
Blocking Regulation; EU; Economic Sanctions; Anti-sanctions