What are embargoes and trade sanctions?

Embargoes and trade sanctions are measures implemented by countries to restrict trade with particular nations. These restrictions can be complete or partial limitations on the export of goods and services, aimed at achieving specific foreign policy objectives, promoting national security, or addressing violations of international law or human rights abuses. By imposing these limitations, countries can apply economic pressure on the targeted nation to influence its behavior without resorting to military action.

The nature of embargoes and trade sanctions is fundamentally about restricting trade rather than promoting it or enhancing agreements. This is crucial to understanding their role in international relations and global business, as they directly affect the flow of goods and services, creating significant impact on both the targeted countries and the countries imposing the restrictions.