New AtlanticistFeb 8, 2021
The ‘blocking statute’: China’s new attempt to subvert US sanctions
By David Mortlock
China’s new blocking statute appears to be an attempt to blunt the impact of the threat of sanctions on additional Chinese companies for conducting business with sanctioned countries. If effectively implemented, the statute could force international companies to choose between potentially running afoul of US sanctions or risking retaliation from Beijing.
David Mortlock is a nonresident senior fellow at the Atlantic Council Global Energy Center. He is chair of the Global Trade & Investment Group at the law firm Willkie Farr & Gallagher, where he focuses on sanctions, export controls, and other international trade issues, and managing partner of Willkie’s Washington office. Previously, he was director for international economic affairs at the White House National Security Council. He has served in various positions at the US Department of State, including deputy coordinator for sanctions policy and attorney-adviser for sanctions and terror finance. David was centrally involved in the development of the sanctions programs for Russia and Iran, including restrictions on those countries’ energy sectors.