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'Nearly A Third Of The World Economy Is Now Subject To Sanctions'

By Moon Of Alabama

May 06, 2023: Information Clearing House -- "Moon Of Alabama" -- The results are as any observer of such acts would expect. Sanctions are used too broadly. They hardly ever serve their supposed original purpose and do not reach their aims. They hurt the poor more than the supposedly targeted leaders of this or that country.

These numbers though are astonishing:

Over the past six decades, there has been significant growth in the use of economic sanctions by Western powers and international organizations. Less than 4 percent of countries were subject to sanctions imposed by the United States, European Union, or United Nations in the early 1960s; today, that share has risen to 27 percent. The magnitudes are similar when we consider their impact on the global economy: the share of world GDP produced in sanctioned countries rose from less than 4 percent to 29 percent in the same period. In other words, more than one fourth of countries and nearly a third of the world economy is now subject to sanctions by the UN or Western nations.

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Under international law only sanction imposed by the United Nations' Security Council have legal standing. Sanctions by the U.S. or EU are under international law an illegal use of state instruments. The U.S. is using sanctions constantly to press under nations to do its bidding. Until the recent war in Ukraine the EU has used sanctions mostly to 'do something' because it had run out of ideas or diplomatic abilities.

The recent sanctions on Russia proved to be hurting the Russians much less than they are hurting the people living in the European Union. It was a catastrophic mistake by EU leaders to preemptively agree to the sanctions the U.S. had been pushing for before Russia entered the civil war in Ukraine on the side of its Ukrainian brethren. The consequences had obviously not been gamed out and thought through.

When nearly one third of the world economy is under sanctions the other two-third are losing out too. It would therefore make sense for everyone to abolish all sanctions that have not been issued by the UNSC. Even UNSC sanctions should only be used sparsely and in a very narrowly targeted manner. Sanctions that hit the whole economy of a country are inhuman and should be prohibited.

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