economic sanctions

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Trade Sanction

One or more trade barriers that a country places upon another country as a punitive action. A country may institute a trade sanction because it disagrees with its trade policies; for example, if country A subsidizes domestic corn so that it reduces demand for country B's imports, country B may restrict the import of country A's wheat as punishment. Alternatively, a trade sanction may occur when two countries disagree on a more fundamental level. A trade sanction should not be confused with an economic sanction.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

economic sanctions

bilateral or multinational prohibitions (embargoes) on the EXPORT and IMPORT of goods, services and capital to and from a particular country Economic sanctions are applied as an adjunct to political pressure being brought to bear on a country by the international community for that country to change its political/economic policies.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Abdul Rahman Derar has called on the international community to lift the economic sanctions imposed on Sudan, totally, by lifting its name from the list of the countries sponsoring terrorism, the serious work for solving its debt problem and dealing with the negative impacts of the sanctions .
The first conditions that lead to economic sanction use are international.
"On December 21, 2018, the Council extended economic sanctions against specific sectors of the Russian economy until July 31, 2019," it noted in a statement, TASS reported.
Tehran [Iran], Dec 13 ( ANI ): Iran's Supreme Leader Ayatollah Ali Khamenei on Wednesday accused the United States of attempting to plunge Iran into chaos by trying to stage a civil war in the country with the help of economic sanctions and security issues.
"Economic sanctions will impose pain on North Korea, but it is not clear whether it will be sufficient to cause Kim Jong-un to change his mind.
The US vice-president said: "The United States of America will soon unveil the toughest and most aggressive round of economic sanctions on North Korea ever - and we will continue to isolate North Korea until it abandons its nuclear and ballistic missile programmes once and for all."
These economic sanctions have been gradually increasing over the years but they do not seem to have had the desired effect.
European Union leaders will agree on Thursday to prolong for another six months the bloc's economic sanctions on Russia, imposed over the annexation of Ukraine's Crimea region and Moscow's support for rebels in east Ukraine.
Even when economic sanctions are in place, we must keep the door open.
Republican People's Party (CHP) deputy Utku EcakyrE[micro]zer asked EcavuE-oy-lu why Turkey did not follow suit after Europe applied economic sanctions on Russia over its annexation of Crimea.

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