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"Total has always been clear that it cannot afford to be exposed to any secondary sanction, which might include the loss of financing in dollars by U.S. banks for its worldwide operations," the company said in a statement on its website.
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Secondary sanctions prompt particular concerns.
Additionally, the U.S. government has expanded its use of secondary sanctions to penalize non-U.S.
Access to the United States and critically, its markets is held as leverage under secondary sanctions.
This development spawned the creation of a new concept, that of "secondary" sanctions.
The real value in U.S. sanctions is when they're secondary sanctions".
She suggested that E.U. leaders could respond to secondary sanctions by targeting American companies in Europe.
This should include secondary sanctions against those doing business with designated Iranian players.
The Trump administration is threatening secondary sanctions against European companies doing business with Iran.
The secondary sanctions authorities now in place authorize the Secretary of the Treasury to sanction any non-U.S.
Unlike primary sanctions, which focus on activities of U.S. individuals and companies, secondary sanctions generally are directed toward foreign people.
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