Understanding and Improving Sanctions Today
Sanctions are a key instrument of foreign policy and economic statecraft, used with increasing frequency by the U.S., the UK and the EU. The growing prevalence of these tools raises concerns about the efficacy, enforcement and unintended consequences, as well as their impact on international norms, and on geopolitics. In their article for
Chatham House, Christopher Sabatini and Lydia Isard note that the large number of sanctions in force has led to increased cooperation between sanctioned countries, including China, Russia, North Korea and Iran. Furthermore, the U.S.’ use of secondary sanctions prevents Western allied governments and businesses from investing in those subject to such measures. This allows investors from countries with which the West is in conflict to scoop up valuable assets and expand their global influence. Despite concerns over the efficacy of sanctions and the implications for geopolitics, the use of these measures is likely to continue.
https://www.chathamhouse.org
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