Economic sanctions now impact nearly one-third of the global economy. It's time for the US to reevaluate their use, as they rarely achieve their goals and inflict harm on innocent civilians.
Economic sanctions now impact nearly one-third of the global economy. It's time for the US to reevaluate their use, as they rarely achieve their goals and inflict harm on innocent civilians.For the past three decades, economic sanctions have become the most significant tool of economic statecraft wielded by the United States and its Western allies.
With the US and Great Britain taking the lead at the time, all UN members agreed to implement and enforce these measures. Under these auspices, the US diversified the type of sanctions imposed and expanded dramatically the number of entities and individuals targeted. The first is to create an independent commission to undertake an all-government review of the role and purpose of sanctions in US foreign policy.
Secondly, the US must build from previous momentum, in which it has led efforts to harmonise new best practices for sanctions relief within the government and for Western allies. This would increase the prospects for sanctions success insince the end of the Cold War, and how they are used in war zones and other conflict settings.in December 2022, which created an unprecedented humanitarian carveout for most UN asset freeze regimes, or governments hit by financial sanctions.
Continued isolation of a target as punishment runs contrary to sanctions as bargaining leverage to produce political change, but it is the modus operandi in too many current cases.Enrique Mora, the European Union coordinator of talks to revive Iran's nuclear accord with world powers, left, with Iran's top nuclear negotiator Ali Bagheri Kani, in Tehran, May 11, 2022. .
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