Economic Sanctions: When the dollar is a weapon

by Hervé Pugi. BNP Paribas, Commerzbank, HSBC, Crédit agricole, ING, Crédit suisse… What’s the common denominator between these banking institutions? They’ve been “nicked” by the US Justice System for violating economic sanctions, in particular in relation to Sudan. When the leading world power exploits it currency, many are forced to pay out. Not to mention the collateral damage… Don’t mention the violation of the embargo … Continuer de lire Economic Sanctions: When the dollar is a weapon