Economic Sanctions refer to the punitive economic measures taken by one or several countries against countries that violate international obligations, treaties and agreements. It is often used by countries with strong economic strength as a means to attack and weaken the political, economic and military strength of other countries. Economic sanctions were originally a auxiliary means of war, with the purpose of weakening the economic strength of the enemy country and thereby weakening the enemy's combat capability.

Economic sanctions refer to non-forced coercive measures other than severing diplomatic relations. It is generally believed that sanctions in fiscal, financial, trade and other fields are economic sanctions. Generally speaking, common methods include: imposing trade embargoes, interrupting economic cooperation, cutting off economic or technical assistance, etc. But economic sanctions are also a double-edged sword, and the sanctioning countries will also suffer certain economic losses. In a broad sense, arms trade and other sanctions also fall under the category of economic sanctions. In fiscal and financial management, economic sanctions refer to the economic punishment imposed on units or individuals that violate economic regulations in macroeconomic and microeconomic operations.

Means of Sanctions

1. Measures to control the foreign assets of the sanctioned country, including withholding and freezing its state-owned assets, private property, and confiscation of state-owned or private property.

2. A series of fiscal and financial measures are taken to stop the provision of loans to the sanctioned country, restrict or stop foreign exchange exchange, exclude its business activities in the international financial market, interfere with the operation of its domestic financial market, etc. sanctions.

3. To suspend economic assistance and economic cooperation, suspend economic and trade treaties and agreements, stop providing most-favored-nation treatment, partially or completely stop import and export trade, block trade ports and other trade-related measures against the sanctioned countries. sanctions. In international relations, economic sanctions can also be used as a means of retaliation.

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