Note4Students
From UPSC perspective, the following things are important :
Prelims level: Sanctions
Why in the News?
The United States has imposed sanctions on entities in Iran and Russia, accusing them of attempting to interfere in the 2024 US presidential election.
Understanding Sanctions: Purpose, Application, and Impact
Types of Sanctions
How sanctions work?
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Why are Sanctions Imposed?
Sanctions aim to:
- Coerce: Change policies or actions, such as dismantling nuclear programs.
- Deter: Prevent future aggression or cyberattacks.
- Punish: Impose costs for violating international norms.
- Shame: Isolate violators diplomatically and economically.
Impacts on Regional and Global Geopolitics
- Economic Effects:
- Sanctions can weaken economies, such as Iran’s reduction in oil exports or Russia’s challenges in energy markets.
- However, some nations adapt; Russia’s economy grew by 3.6% in 2023, despite sanctions.
- Shifting Alliances:
- Targeted nations strengthen ties with others (e.g., Russia’s growing relations with China and Iran).
- Trade Realignment:
- EU sanctions on Russia accelerated Europe’s move to renewable energy sources.
- Humanitarian Consequences:
- Comprehensive sanctions can harm civilians, as seen in Iraq during the 1990s.
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