29 Sep 2022 By PAYCEC
In their most idealistic form, sanctions are a nonviolent way to hinder powerful countries from becoming invincible. Economic sanctions can cripple a country's economy while also making it more willing to initiate a negotiation.
The EU imposes economic sanctions on foreign governments to divulge sanctions made by financial institutions within its jurisdiction. The European Union Consolidated Financial Sanctions list includes all sanctions applicable around the world to deter threatening actions.
In contrast to their name, the EU’s sanctions are not punitive but intended to alter policy or activity by targeting third countries, entities, and individuals responsible for allegedly aggressive behaviors.
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