Do sanctions work?

Is all this financial punishment doing any good?

sanctions on ruble
(Image credit: Getty Images / Anton Petrus)

Economic sanctions have become the go-to response to the misdeeds of rival powers, rogue nations, despots, and evil-doers of all sorts. The coup leaders in Niger are the latest targets, with neighboring West African nations imposing financial penalties and threatening force unless ousted President Mohamed Bazoum is returned to office. The United States and Western allies have hammered Russia with sanctions since it invaded Ukraine, and China over its trade policies. Washington recently blacklisted 20 people in the Maldives for allegedly providing financial support to ISIS.

Some commentators have gone so far as to say the United States has become "addicted to sanctions." The New York Times notes that the U.S. Treasury Department's Office of Foreign Assets Control sanctions list had 912 names on it in 2000. By 2021, that figure had jumped to 9,421. The Treasury Department slapped more than 2,500 sanctions against Russia, including companies and individuals linked to its war machine, after President Vladimir Putin launched his invasion of Ukraine in 2022.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.