Sanctions
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1. International trade.
In the context of international trade, economic sanctions are government regulations which prohibit trade with specified countries or prohibit the trading of particular goods (usually military in nature) with specified countries.
2. International relations.
Sanctions may also impose tariffs, other economic disadvantages or sporting or cultural restrictions on a specified country, with the aim of exerting political pressure on its government.
3. Law - international law.
More broadly, a sanction can be any legally imposed penalty, punishment, or the threat of one.
See also
- Blocking Regulation
- Boycott
- Compliance
- Geopolitical risk
- International law
- International trade
- Law
- OFAC
- Office of Financial Sanctions Implementation (OFSI)
- Quota
- Sanction
- Sanctions screening
- Side pocket
- Tariff
- Travel rule
