China unimpressed by unilateral US sanctions on Iran. Question: is economic warfare without UN resolution a violation of UN charter?https://twitter.com/southfronteng/status/1174273258650329089 …
The traditional rule is that a blockade is an act of war, while sanctions are not. In sanctions, you only prohibit your own nationals from trading; in a blockade, everyone. It's a rule that makes sense even if one has no love for international law in general.
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US control of some of the mechanisms of the international finance system has enabled us to extend sanctions farther than we naturally could. But that's because everybody trusted us with those mechanisms; now that we're abusing them, the power won't last long.
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