Consider the following statements regarding international economic sanctions: Statement I: Third-party countries can continue importing crude oil from a nation facing primary U.S. sanctions, provided transactions bypass sanctioned financial institutions, vessels, or specific designated entities. Statement II: Secondary sanctions are unilateral measures deployed to penalize entities in third-party nations for engaging in transactions with primary sanctioned regimes. Which one of the following is correct in respect of the above statements?

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Current Affairs · International Relations and Trade

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I

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Answer 1

Statement I is incorrect, but Statement II is correct

Answer 2

Statement I is correct, but Statement II is incorrect

Answer 3

Both Statement I and Statement II are correct, but Statement II is not the correct explanation for Statement I

Answer 4

Both Statement I and Statement II are correct, and Statement II is the correct explanation for Statement I

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