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WSJ: Limits of Trump’s Sanctions Shown by Russia, Venezuela, Syria
A report by The Wall Street Journal reviews the limited ability of U.S. economic sanctions to force regimes such as Iran, Cuba, North Korea, Russia, and Venezuela to change their policies. Although sanctions sometimes lead to the deterioration of local economies and push activities into black markets, many regimes find ways to adapt—such as strengthening relationships with other countries, stealing cryptocurrencies, or establishing parallel financial systems—thus reducing the impact of pressure. The report also notes that sanctions often do not result in direct political changes unless accompanied by strong diplomatic efforts, and can take many years to have a tangible effect, as was the case with Venezuela and Syria. Overall, the report reflects that sanctions alone are insufficient to overthrow regimes, and that military options or negotiations are necessary to achieve decisive political change.
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