American sanctions, the rise of China, pandemic ... "
Given the more conflicting geopolitical landscape, we must be ready to protect ourselves against unjust and abusive practices, and to strengthen our defenses
", affirms Valdis Dombrovskis, vice-president of the European Commission.
On Tuesday, he presented a communication to strengthen Europe's economic and financial system in the face of external shocks.
From Donald Trump's presidency and the American sanctions against Iran in 2018, Europeans have learned - to their expense - the impact of the extraterritoriality of sanctions from third countries, in particular through the threats that weighed on their companies.
It has also "
seriously affected the ability of the EU and its member states to advance its foreign policy goals,"
the document sums up.
Read also:
The great turnaround in relations between Europe and China
The executive therefore wants to strengthen its arsenal, by relying on the instruments put in place since 2018, whether it be Instex (created to continue the exchanges
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