Why do Countries Impose Economic Sanctions to avoid Conflict?
After Russia’s attack on Ukraine, America (USA) and European countries have laid economic sanctions instead of giving a retaliatory attack on Russia through weapons. After all, what are these restrictions and how can they force a country to leave the path of war by bringing pressure, this is a big question. Will it work in the case of Russia and how effective have they been in the past?
Russia shocked the whole world by attacking Ukraine. Conflict continues in both countries, Russian forces have entered other cities besides Kyiv city, while Ukraine is fighting forts from villages. But Western countries have not yet taken up arms to help Ukraine. They are giving aid to Ukraine, but have not themselves been involved in this struggle. He has focused only on imposing heavy sanctions on Russia. After all, whenever the threat of military conflict increases in the world, why do big powers resort to sanctions?
With Russia entering Ukraine last month, NATO activism seemed to suggest that NATO would respond to Russia in the language of the same antics, but this did not happen. With this, America announced that it would not answer this by taking down the army but with strict sanctions. Now that the conflict between Russia and Ukraine continues, Western countries are imposing sanctions on Ukraine.
What Are The Restrictions
Sanctions or sanctions are a kind of economic version of bombs or bullets that are used to put pressure on other countries and their governments to cause huge economic loss to them. Elaine Lipson, former vice-president of the US government’s National Intelligence Council, says the sanctions are tantamount to fines or the breaking of normal economic ties between two countries.
Economic Activities Are Affected
Lipson says that sanctions are usually imposed in view of bad behavior or to send a signal to an enemy country. Sanctions include confiscation of any property or closure of real estate or bank accounts. These accounts or assets are either held inside the US or related economic activities taking place outside the US are prohibited.
Possibility Of Financial Loss
Due to the restrictions, the country concerned faces a lot of difficulties in conducting economic activities. Especially its international trade is badly affected. Restrictions can take many forms. Due to the ban on international trade, the country’s borders cannot be used for arms trade. This is how the diplomacy of pressure exerts influence.
How Are Restrictions Enforced
The US President imposes restrictions under the International Emergency Economic Powers Act 1977. Apart from this, being an economic superpower, the US Congress can also impose sanctions. There have been more such sanctions on Russia. Under this, now American financial institutions will not process any transaction of Russian banks. Congress can impose sanctions to prevent arms conflicts with other countries.
Other countries can also impose restrictions
The work of implementing the sanctions is done by the US Treasury Department. Its Office of Foreign Asset Control works to implement the sanctions. At present, sanctions are in force in many countries from Belarus to Zimbabwe. At the same time, it is not that only America can do the work of imposing sanctions. Many countries can also jointly impose sanctions through the United Nations Security Council, which includes economic and trade sanctions as well as restrictions on the purchase of arms and restrictions on travel.
How effective the sanctions are depends on what we want from the sanctions. Results only in the form of punishment may seem to be good and effective, but if we want to change the behavior of that country, then we have to. The method of measuring its effect may have to be changed. And in this case the country bears the economic loss. Cuba is the best example of this
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