A necessary measure against extraterritorial Coercion: to compensate our victims

Time is exactly right to do so, to try to exploit the new US momentum in favor of multilateralism. The question is to get the application of such goodwill to stop the pandemic of extraterritorial measures sanctioning lack of alignment of third countries with the foreign policy of one particular one.

Due compensations to the victims must be part of the defensive part of a needed panoply of instruments that the EU Commission is preparing.

The EU Commission launched past April a public consultation on a new anti-coercion instrument.

As EU citizens and economic players, we have suffered and still suffer from the greatest wave ever of extraterritorial sanctions adopted under the Trump administration, through Presidential Executive orders or Congress legislations: at the expense of the political and economic rules-based international order. Apart of the encouraging Biden administration waiver past May of the sanctions on Nord Stream 2, there is no evidence thus far that the Biden administration and the new Congress are considering to stop or mitigate this wave of coercion!

The world is still confronted by the said coercive country with full disrespect of third party’s sovereignty, that undermines, if not actively disqualifies any misaligned foreign policy that it perceives…