Secondary sanctions cut countries off from the global banking system as these tell US banks to cut ties with foreign entities that deal with the sanctioned country. These can be modified to include the trade of assets like gold, so foreign businesses will have to reconsider trading with sanctioned countries, as doing so would cut them off from the US, one of the biggest hubs for global trade. If enacted, these can squash Russia’s attempts to use gold in circumventing the primary sanctions imposed on them. Read full article here
Research
Improving media literacy could boost trust towards the news, IMPRESS report suggests
The UK media is regulated by the likes of IPSO and Ofcom. The report by press regulator IMPRESS highlights the link between low levels of media literacy and trust in the news. The study found that three quarters of those who did not know if journalists were regulated did not trust the news. It suggests that improving media literacy is one way to stem the erosion of trust, and shows that audiences have an appetite for information on news processes. Stakeholders need to collaborate in order to rebuild trust in the news, and independent media is well placed to do this. Read full article here
Merv
February 1, 2023
