Extraterritoriality of EU sanctions on Russia won't end Ukraine conflict
When the Donald Trump administration withdrew the United States from the Joint Comprehensive Plan of Action, popularly known as the Iran nuclear deal, and re-imposed sanctions on Iran in 2018, he also threatened to punish European Union companies if they carried out normal trade with Iran.
The EU condemned the extraterritoriality of the US sanctions for violating international laws and succeeded in establishing a payment mechanism known as INSTEX to help EU companies bypass US sanctions and continue trading with Iran. And despite the EU imposing 10 rounds of sanctions on Russia over the past 14 months, it has been saying that its sanctions do not carry extraterritoriality. But that does not seem to be the case when the EU weighs measures to sanction companies from China and other countries for their alleged sanction violations.
China has warned the EU against such long-arm jurisdiction and vowed to take resolute measures to protect the interests and rights of its companies in case the European bloc chooses to do so.