US Sanctions Reach A Turning Point. De-Dollarization And Collusion Against The U.S.
Up till now, the EU – representing around the same percentage of the world economy as the USA – was sitting put, as the USA grew its sanctions regime to ever more bizarre proportions. Together, the USA and the EU constituted nearly half of the world’s economy, and US sanctions previously “only” used to target the other half of the world’s economies. Hitherto, the EU had no compelling reasons to strain its relations with the USA because US sanctions do not affect them. But now, “secondary sanctions” regarding Iran also hit hard at strategic EU companies and financial institutions and negatively affect EU global strategic interests in energy from the Persian Gulf, US sanctions in effect attack the liberty, security and sovereignty of its biggest group of friends, the EU.