Strategic sanctions are costly foreign policy tools
Tuesday, June 18, 2019
Subject
Sanctions outlook.
Significance
Economic and financial sanctions are becoming strategic tools for a wide range of international actors. Sanctions can be effective in achieving strategic objectives, but they are not ‘low cost’ foreign policy tools.
Impacts
- Private sector de-risking can push sanctioned economies further towards opaque financial structures.
- Sanctions will be a divisive issue for transatlantic ties.
- Sanctions imposed without a clear objective carry the most risk of backfiring.
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