GLOBAL IMPLICATIONS AND ECONOMIC SHIFTS:

A THIRD OF THE WORLD LIVES UNDER U.S. SANCTIONS

Sanctions historically have been used to address concerns like nuclear proliferation, human rights violations, and terrorism. However, there are increasing concerns about their long-term efficacy and ethical implications. U.S. sanctions now affect over one-third of the world's population, reaching more than 40 nations. These measures aim primarily to exert economic and political pressure, and these sanctions often result in severe financial hardship for ordinary citizens. Critics are increasingly questioning the humanitarian cost of sanctions that restrict access to basic necessities like food, medicine, and energy.

U.S. sanctions against Iran have resulted in inflation and widespread economic hardship, while Venezuelan sanctions have intensified the country's pre-existing economic crisis. Governments in countries like Russia have resorted to alternative financial systems, while nations like China are developing ways to bypass dollar-based transactions.

In addition to economic adjustments, many sanctioned nations are forming alliances with other sanctioned or neutral states. For instance, Russia and China have deepened their trade ties, seeking alternatives to Western markets and financial institutions. This reshaping of global economic relations could have profound consequences as more countries move away from reliance on U.S. financial systems to mitigate the risks of sanctions.

Sanctions continue to disrupt global supply chains, limit access to essential resources, and isolate nations economically. As more countries develop mechanisms to counteract U.S. sanctions, the long-term effectiveness of these measures in achieving policy goals remains uncertain. The global shift toward alternative trade and financial systems could reduce the dominance of U.S. sanctions in the future, signaling the need for new diplomatic strategies.

How four U.S. presidents unleashed economic warfare across the globe (The Washington Post, 7-25-24)

One third of the world under US sanctions: Report (The Cradle, 7-26-24)