US financial sanctions against companies, individuals or property have affected one third of all countries in the world in one way or another. This data was published by an American publication. Washington Post (WP).
More than 60 percent of low-income countries are currently under U.S. sanctions. The material notes note that the U.S. imposes three times as many sanctions as other countries. Last year alone, Washington’s restrictions affected more than 3,000 people.
The article states that American sanctions have caused great harm to the countries subject to them, preventing Cuba from receiving vital medicines and Syria from recovering from the conflict. US sanctions on Venezuela have caused an economic crisis in the Bolivarian Republic.
Sanctions against Venezuela have contributed to an economic decline in the country that is about three times larger than what the United States experienced during the Great Depression.
Kyle Shostak, previously a director of American investment firm NavigatorPrincipal Investors suggestedIt is stated that if Donald Trump wins the US presidential elections in November 2024, the sanctions pressure on Russia may increase.
Previously in the West reputedHe said that sanctions imposed on Russia were not working.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.