Case analysis 3

Sanctions Name Instructor Institution Date Sanctions can be defined as any financial or economic blockades or penalties that are issued to a country or a given business, by another country. They are restrictions on economic flows such as resources, capital, trade and data. Sanctions are usually placed when the target entity fails to operate in line with the standard rules, or is suspected to engage in activities that are against international law. The video provides a preview of what sanctions are all about, detailing how they are placed, and why the are in the first place. The video creates a quick understanding of sanctions and the impact. Based on the video, Sanctions can be in the form of trade restrictions, travel bans and even freezing of assets of the responsible party. If it is the case of sanctions on a country, citizens are limited on the goods they can buy. If it is on an individual, the person cannot access certain assets on his portfolio. The resultant effect is that the individual, country or business becomes economically weakened. If it a country, its currency slowly begins to lose value as its economy contracts. Sanctions have for long been used as a tool to wage economic war to push a country into complying to certain rules. On the other end, sanctions have also...