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VOL. 6, ISSUE 1 (2024)
Impact of U.S. Sanction on Russian economy
Authors
Vikas Bhardwaj
Abstract
Sanctions are crucial tools in national
security arsenal of U.S. when applied effectively. They allow the U.S. to
respond assertively to global threats, such as Russia's increasing hostility.
As former diplomat Richard Holbrooke noted, economic sanctions fill the gap
between empty rhetoric and war. Sanctions are favored because they are less
risky than military action but more forceful than diplomacy. Given the central
role of the U.S. economy and the dollar in global trade, sanctions are
particularly significant for the United States. Current U.S. sanctions target
entities involved in terrorism, human rights violations, and corruption. While
sanctions aim to curb Russian aggression, their effectiveness is questionable,
as Russia has adapted through financial savings and market shifts. Furthermore,
sanctions often harm U.S. interests, demonstrating the need for a careful
cost-benefit analysis and more targeted approaches.
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Pages:49-53
How to cite this article:
Vikas Bhardwaj "Impact of U.S. Sanction on Russian economy". International Journal of Sociology and Political Science, Vol 6, Issue 1, 2024, Pages 49-53
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