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The Threats to US Dollar Hegemony | Daniel McDowell

Hidden Forces

CHAPTER

The Importance of Secondary Sanctions in the US Economic War Against Iran

The Magnitsky Acts were very targeted. They really generated a lot of animosity towards the US government and probably animated the government to try and accelerate its move away from the dollar. I think the secondary sanctions are more important in terms of, you know, where did they generate the most blowback? Honestly, with US allies, I think obviously the Iranians didn't like them either. Most of the complaints specifically about US secondary sanctions are in Europe following the United States withdrawal from the Iran deal.

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