Attention Economy


Friday, February 23, 2024

Do Economic and Financial Sanctions Actually Work?

Sanctions are not the way to fight Vladimir Putin
https://www.economist.com/leaders/2024/02/21/even-the-toughest-sanctions-on-russias-war-machine-are-no-substitute-for-military-aid
 
US Citizens Become Collateral Damage in Global Sanctions Fight
https://www.bloomberg.com/news/articles/2024-02-21/us-sanctions-against-iran-cuba-make-citizens-collateral-damage
Americans with roots in targeted countries face heightened scrutiny from banks fearing fines for violations. 

America’s Love of Sanctions Will Be Its Downfall
https://foreignpolicy.com/2023/07/24/united-states-sanctions-debt-china-venezuela/
Measures intended to punish autocrats are eroding the very Western order they were meant to preserve.

The United States needs to rethink its addiction to sanctions. They’re backfiring.