What is the purpose of economic sanctions?

Economic sanctions are defined as the withdrawal of customary trade and financial relations for foreign and security policy purposes. They may be comprehensive, prohibiting commercial activity with regard to an entire country, like the long-standing U.S. read more

Economic sanctions. Economic sanctions are commercial and financial penalties applied by one or more countries against a targeted country, group, or individual.[1] Economic sanctions may include various forms of trade barriers, tariffs, and restrictions on financial transactions.[2] An embargo is similar, but usually implies a more severe sanction. read more

For many policymakers, economic sanctions have become the tool of choice to respond to major geopolitical challenges, from counterterrorism to conflict resolution. read more