- Russia’s yuan reserves are nearly depleted due to Chinese banks’ fear of US sanctions.
- Lenders have urged Russia’s central bank to address the yuan deficit, causing the ruble to drop.
- China’s hesitance stems from US threats of secondary sanctions over Russia’s Ukraine war financing.
What examples of sanctions on a country have seen change? Regime, attitudes, or the like.
The alternative is usually waiting until the other side goes too far and you have to go to war.
Though in Russia’s case, that would take 5 minutes before they bombed their own kremlin by mistake.
I’m interested in examples not hypotheticals.
Hitler, the Sudatenland, WW2.
Do you mean the lack of sanctions was responsible for WWII? Quite hard to see what sanctions could have been put in place without globalisation as we see it today.
The lack of response was responsible for WW2.
So maybe the true lesson is that we need to get even more involved on the ground in Ukraine.
The goal is to make the cost of waging war increasingly painful to pay. There is no other way to effectively do this than to target the entire country.
Off the top my head, the sanctions on Iran were pretty effective to get them to negotiate the nuclear deal. Until Trump tore that one up, that is.
I understand what sanctions are supposed to achieve, but I would like examples of when that has actually happened.
Edit my comment to add the Iran example
That’s one reduction in sanctions example, which does not stand to this day and has seen the country distancing itself further than ever.
You asked for an example of a country changing its attitude, that is what happened in Iran to negotiate the nuclear deal. Now you are moving the goal posts and claiming that it wasn’t sufficiently successful in the long run. That may well be, but it has nothing to do with the presence or absence of sanctions.
I also want to point out that sanctions often work far more subtly than what you imagine. If six months from now, Ukraine and Russia engage in successful peace talks, sanctions will certainly have played a role in shifting Russia’s position closer to that of Ukraine, but on the surface it will be impossible to tell by how much.
Sure, I said it was one example, I just added context afterwards. I also asked for examples, not just one which has seen zero other impact except hurting the citizens.
No need to guess about what might happen, we can look at past sanctions instead.
But it has seen an impact, it resulted in the JCPOA