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Development of International Sanctions Regimes in a Historical Perspective

Author

Listed:
  • Violetta Valerievna Arkhipova

    (The Institute of Economics, RAS, Moscow, Russia)

  • Oleg Olegovich Komolov

    (The Institute of Economics, RAS, Moscow, Russia)

Abstract

The paper provides the historical insight into international sanctions regimes that were imposed against the USSR, the PRC, Iran, Iraq, Libya and Belarus by western governments (mainly the US and the EU). To this effect, the authors analyzed core outcomes for socioeconomic development of the countries caused by external economic restrictions put on them. As a consequence,they reached a conclusion that sanctions methodology remains under permanent development especially during the financialization process in the global economy. This trend turns the common vector of sanctions’ evolution from industrial and commercial spheres towards financial sector where the countries-initiators of financial sanctions globally and regionally play the main role.

Suggested Citation

  • Violetta Valerievna Arkhipova & Oleg Olegovich Komolov, 2016. "Development of International Sanctions Regimes in a Historical Perspective," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 3, pages 53-69, March.
    • Handle: RePEc:alq:rufejo:rfej_2016_03_53-69
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    Cited by:

    1. V. Arkhipova V. & В. Архипова В., 2017. "Современный санкционный режим в отношении России: характеристика и глобальный аспект // Current Sanctions Regime Against Russia: Characteristics and Global Aspect," Мир новой экономики // The world of new economy, Финансовый университет при Правительстве Российской Федерации // Financial University under The Governtment оf The Russian Federation, issue 2, pages 13-19.

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