Sanctions: Do they work? Lessons found from North Korea, Iran, Cuba, Venezuela | Enterprise Previous

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2022-03-09 11:00:22

The worldwide response to Russia’s invasion of Ukraine has focused on sanctions. Aimed towards dealing a crushing blow to the nation’s financial system and its industrial base, they’re the protection software program of choice to punish aggression, notably for america. Nevertheless how environment friendly are they?

On this model of Enterprise Previous, we check out worldwide areas with an enormous historic previous of dealing with sanctions, and the way in which so much – or how little – they’ve modified their behaviour on account of any such coercion. What can North Korea, Iran, Cuba, and Venezuela inform us regarding the world effort to exert monetary stress on Russia?

0:00 Intro
1:16 What are sanctions?
3:16 North Korea: The pariah state
7:12 Venezuela: Sanctions for regime change
8:57 Cuba: Having fun with the prolonged sport
11:42 Iran: An financial system isolated
16:28 USA: Sanctioner-in-Chief
17:17 How usually have sanctions labored?
18:47 Russia & Ukraine: Set off for hope
20:18 Goodbye

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