Classification and mechanisms for the application of international economic sanctions
Year: 2025
Type: article
Abstract: International economic sanctions have become an important and powerful instrument of foreign policy used by states and international organizations to regulate the behavior of countries or other subjects of international law. They can influence the political, economic and social activities of target states, contributing to the achievement of various political goals, such as changing political behavior, ensuring compliance with international standards, fighting terrorism, supporting human rights, protecting the environment and strengthening national security. In today’s world, sanctions are often used not only to punish violations of international law, but also to address specific political or economic issues, such as ensuring global stability or stopping aggressive actions in the international arena. The use of economic sanctions can be very diverse. The most common are trade sanctions, which are usually applied as a first step in response to violations of international law. They can restrict or prohibit the import and export of goods and services, covering certain categories of goods of strategic or military importance. One of the most effective tools is financial sanctions, which include asset freezes, restrictions on investments, loans, and a ban on access to international financial markets. This type of sanction can seriously weaken the target country’s economy, leading to significant economic difficulties such as inflation, a shortage of foreign exchange reserves, and rising unemployment. Economic sanctions can be imposed both at the national level and through international organizations such as the UN or the EU. The UN, through the Security Council, has the authority to impose sanctions against states that threaten international peace and security, which gives sanctions international legitimacy. The European Union also actively uses sanctions to support global security and human rights, and often takes measures to economically isolate aggressor states or violators of international law. However, the application of sanctions has its own complexities and challenges. The effectiveness of economic sanctions depends on clearly defined targets, the scope of their implementation, international coordination, and the ability to prevent sanctions circumvention. In addition, sanctions can lead to significant humanitarian consequences, in particular for the civilian population of the targeted country, which makes it important to carefully consider their application. Thus, international economic sanctions are a complex and multifaceted tool that allows states and international organizations to exert pressure on countries or other subjects of international law, forcing them to change their policies or behavior. However, their effectiveness and appropriateness should be assessed with due regard to possible social, economic and humanitarian consequences for the civilian population.
Author: R. O. Polyvach
Institution: National University "Kyiv Aviation Institute"
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4408943587