Editor’s Note: This piece originally appeared on Lawfare.
Since 2005, U.S. policymakers have increasingly turned to sophisticated types of economic sanctions as a foreign policy tool of first resort. From the development of banking sanctions limiting Iran’s ability to secure financing from Western capital markets to new sanctions targeting Russia’s financial system and the development of its oil resources, U.S. policymakers have touted these innovative tools as extremely powerful while also being tailored and precise. In his 2015 National Security Strategy, President Obama noted that “[t]argeted economic sanctions remain an effective tool for imposing costs on irresponsible actors” and …read more
Source: Brookings
