Subscribe! http://bitly.com/1iLOHml Governments have extended their sanctions on Russia to de-escalate the fighting in Ukraine. But what are government sanctions and are they effective in...
========== An emergency European Union meeting was recently
called to address the violence unfolding between Ukraine and pro-Russian separatists.
Economic sanctions already in place against Russia by the EU, the US, and other countries
were extended by 6 months in an effort to stop the violence. So what are government sanctions
and do they really work? A sanction is a punitive measure against a
person, community or a nation, levied by other groups, especially the United States, the
United Nations, or the European Union, to enforce compliance with international laws and standards.
These sanctions may prohibit relationships in areas like trade, travel or finance with the
penalized country. Economists are on the fence about whether
they work or not. Several studies have l...