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How Sanctions Work and the Power of U.S. Sanctions | The Day After
A brief explainer of how sanctions work and why the United States should wield its sanctions power.
The power of U.S. sanctions holds tremendous sway in international trade and finance. As long as the U.S. dollar remains the world's reserve currency, the power of American sanctions probably won't lose its teeth any time soon. But the United States should not assume it will be the world's financial hub forever if it continues to sanction countries without prudence.
By Jarrett Blanc
Published on September 14, 2020
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.