Sanctions are penalties imposed by one country on other country or an individual citizens of another country. It is an instrument of foreign policy and is used as carrot and stick tactic to deal with international trade and policies. Economic sanctions can be accompanied by diplomatic and military actions. However, economic sanctionas are more attractive as the cost to the impsing nation is minimum. Developed countries like US has often resorted to the sanction game. It has used economic sanctions to strongarm developing nations for its vested interests.
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