Economic sanctions: Difference between revisions

Smart Sanctions have also not been totally successful in avoiding civilian harm or unintended consequences.<ref name=":13" /> For example, arms embargoes can impact the self-defense efforts of those under attack, aviation bans can affect a nation's transportation sector and the jobs of civilians associated with them, and financial sanctions targeting individuals raise due process issues.<ref name=":13" /> One example of smart sanctions in practice can be seen inwith sanctions imposed by the caseUnited ofStates Russiaon the Russian Federation following the U.S.latter's imposed2014 sanctions,[[Annexation afterof RussiaCrimea seizedby the Russian Federation|annexation of Crimea]], fromwhich Ukrainewere inintended 2014to exert pressure on Russia's financial sector.<ref name=":14">'''''Ashford, Emma. “Not-So-Smart Sanctions: The Failure of Western Restrictions Against Russia.” Foreign Affairs, vol. 95, no. 1, 2016, pp. 114–23. JSTOR, {{JSTOR|43946631}}. Accessed 6 Dec. 2023.'''''</ref> The US wanted to exert pressure on Russia’s financial sector, and put sanctions onresulted ownersin ofAmerican fourcredit Russiancard banks,companies resulting in[[Visa Inc.|Visa]] and [[Mastercard|MasterCard]] suspending all transactions of thosesanctioned Russian banks, effectively canceling the credit cards of ordinary Russian consumers.<ref name=":14" />