Recent history has seen a significant number of occasions when states and non-state actors purported to influence other states’ internal policy and geopolitical strategy by imposing economic sanctions. The most notable examples include the infamous US trade embargo on Cuba (condemned by the UN General Assembly for the 24th consecutive year), the recently lifted UN and partially struck down US sanctions against Iran and the near-total financial and trade embargo against Iraq (lifted by the UN Security Council in 2003 after Saddam Hussein had been forced from power). Comprehensive sanctions programs, which block all trade, are currently administered by the US Office of Foreign Assets Control against Burma (Myanmar), Sudan and Syria.
Business Law Review