Abstract
The relevance of studying sanctions policy is linked to the need for a better understanding of its nature, objectives, and consequences, which is particularly important in today's global economy characterized by a high level of international economic interaction. This article aims to demonstrate how the target function and content of sanctions evolve as the world economy develops. Additionally, it examines the functional role sanctions can play in the current context of economic globalization. The theoretical foundation for this study is based on the research conducted by domestic and international scholars on this topic, as well as the empirical data collected by the international community. The methodological basis of this study is the historical and genetic analysis method, which allows us to identify the properties and trace their evolution in the development of a phenomenon. Additionally, the typological method was used to order and classify different types of sanctions and their consequences. Based on this analysis, the author concludes that globalization has led to a modification of sanctions policies. While sanctions continue to be a means to undermine economic potential, they are also becoming a way to minimize the costs of maintaining the current political and economic order for the benefit of international trade. However, it is clear that sanctions harm all participants in the sanctions process. The effectiveness of sanctions depends on the type and target group within the country. The author argues that although sanctions are a peaceful way to prevent behavior that violates international relations, they should be used selectively.
Published Version
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