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Subject

Sanctions outlook.

Significance

Economic and financial sanctions are becoming strategic tools for a wide range of international actors. Sanctions can be effective in achieving strategic objectives, but they are not ‘low cost’ foreign policy tools.

Impacts

Private sector de-risking can push sanctioned economies further towards opaque financial structures.

Sanctions will be a divisive issue for transatlantic ties.

Sanctions imposed without a clear objective carry the most risk of backfiring.

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