NATURE OF ECONOMIC SANCTIONS AND REASONS FOR THEIR APPLICATION
Journal: Economy of Ukraine
Year: 2024

Economic sanctions are an important tool of international policy aimed at influencing countries that violate international standards or pursue aggressive policy. The essence of economic sanctions is to restrict trade, financial transactions, and investments to stimulate changes in political or economic behavior of the target country. Grounds for the application of economic sanctions may include human rights violations, annexation of territories, military aggression or other actions that contradi