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Home » Glossary Terms » Sanctions

Sanctions

“Sanctions are restrictive measures applied by one country to other countries, entities or individuals. There are three types of sanctions that are more commonly used; economic sanctions, diplomatic sanctions and military sanctions.

  • Economic sanctions: Commercial and financial penalties such as asset freezing, levying import duties on goods, restricting exports, restricting trade or refusing to trade with a state, banning investments and targeting companies from a state.
  • Diplomatic sanctions: political measures that aim to demonstrate displeasure with or disapproval of certain actions, stopping short of taking economic or military steps, such as reducing or removing diplomatic ties by, for example, closing a state’s embassy.
  • Military sanctions: military interventions, ranging from arms embargoes to air strikes and full-scale attacks.”
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