Sanctions: Do they work? Lessons learned from North Korea, Iran, Cuba, Venezuela | Business Beyond
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- Опубліковано 14 чер 2024
- The international response to Russia’s invasion of Ukraine has focused on sanctions. Aimed at dealing a crushing blow to the country’s economy and its industrial base, they’re the policy tool of choice to punish aggression, especially for the United States. But how effective are they?
In this edition of Business Beyond, we look at countries with a significant history of dealing with sanctions, and how much - or how little - they’ve changed their behaviour as a result of this kind of coercion. What can North Korea, Iran, Cuba, and Venezuela tell us about the global effort to exert economic pressure on Russia?
0:00 Intro
1:16 What are sanctions?
3:16 North Korea: The pariah state
7:12 Venezuela: Sanctions for regime change
8:57 Cuba: Playing the long game
11:42 Iran: An economy isolated
16:28 USA: Sanctioner-in-Chief
17:17 How often have sanctions worked?
18:47 Russia & Ukraine: Cause for hope
20:18 Goodbye
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#Russia #Sanctions #businessbeyond
i'm Syrian, and sanctions on my country only affect poor people and make them suffer much more, people in my country can't afford buying just bread to their kids
Your government is the reason dictators bring countrys down
@@jackhaus5238 это тебе сказали американцы? Они принесли пробирку со стиральные порошком, сказали что это хим оружие и начали войну в Ираке. Нашли? Нет. Кто нибудь ввёл против них санкции за ложь и разрушения городов? Нет. Вы зубами вцепились в однополярный мир потому что знаете, вас ненавидят, но в данный момент не могут вас наказать. Поверь, очень скоро мир поменяется и вас накажут ваши бывшие колонии которых вы грабили многие века.
and u dont talk about the sanction ur governor imposs to their own people?
@@rksnekyoung353 sorry you need mental help and they don't bomb us or use chemical weapons on us if we are Hungry they feed us or give us shelter
@@jackhaus5238 I had forgoten some people dont have brain and just say "u need mental health"
Sanctions have not worked in all the countries you listed. Sanctions only make the average people hate those sanctioning their country.
Well, we hate THEM (their government, and anyone/everyone who supports that government) - and don’t want to BUY anything from them, SELL anything to them, or even TALK to them. They have proven themselves as unworthy of engaging or interacting with, in any form whatsoever. You call it “sanctions”, the rest of us call it moral integrity. Bottom line: 🖕🏼🇷🇺
They are the enemy - we don’t trade with the enemy - or anyone who still DOES trade with them.
Russia should cut off the gas. Europe will die in winter
@@hirendrall7215 lol Europe is less dependent on Russian gas than Russia is dependent on selling gas to Europe. Limiting buying oil and gas from Russia could be the new step.
@@shadowbanned636 then average people are right to hate you back
Thank you DW
Sanctions on Iran's economy have been in trouble for the past forty years
But sanctions also have positive points, one of which is making Iran independent of the outside world
You compare Iran and Saudi Arabia, they are much more dependent on the world, especially the West, militarily and economically than Iran.
7
Thank you DW. That was very educational. Because I have had that very question
Thanks for redoing the audio.
That North Korean announcer for the North Korean missiles driving by could defect and have a great career announcing football games, lol!
In my opinion the smaller the sanctioned country the less effect sanctions have, reason being a few backdoor deals will keep a small economy ticking whereas a huge country needs hundreds of Billions and thats not so easy to hide. Just my take and a viewpoint nobody seems to be mentioning.
Well China, Pakistan and India preparing a gaz import deal from Russia is not a good sign or sanctions working. Indeed it has miserable unintended consequences such pushing Russia into the China’s arm, once who used to be rivals in the past and will lead to an eastern concentration of power which is even more dangerous
Private company sanctions are huge... If one of a sudden half the big stores in your city close down and you cant buy technology like computer parts etc that has a huge effect.
@@MicroageHD china has everything including copies of other brands… Russia will sale oil to china
@@omarayoubi7861 Isnt it just great being intelligent ! we see things coming way before everyone else, the frustrating thing is we dont have the power to do anything about it.
Well if the sanctioned economy is big then is not going to work either. The trade war with China during Trump was a form of sanction, but the Chinese economy is so big that Trump couldn`t outright halt trade with China. And if you remember both nations were trading blow for blow until COVID kicked in and forces the USA to buy even more from China. The conclusion is your point is right sanction don`t on the smaller economy, but it is even less effective on a larger economy.
The problem is China and India also Mexico have not sanctioned Russia. For some reason you have a feeling Russia will find away to adjust. I believe this sanctions have a way of making economies more self sufficient . Necessity is the mother of all inventions. Remember Russia said it will come a point where sanctions will not matter anymore as they will have no effect. If I was Russia , I would take opportunity given by this sanctions to introduce the rouble as the currency of trade for all their commodities. Simply de dolarize completely.
Why did you mention only China, India and Mexico? With the exception of the West, only a few other countries have sanctioned Russia.
Countries not sanction Russia are not problem, you mindset of individual countries need to follow the West sanctions is against democracy.
@MSD Group India is weak🙂
@MSD Group No it's you who said "India and Mexico are weak"
German money still flowing to Putin. Shame!
Nicely researched and presented item on a complex but important topic. Thanks.
Love the funky hard base on this track .... really gets me in the mood for some economic sanctions!!
Why was the video privated?
Sanction alone won't likely lead to demise of Putin, but it sure means less shells and missiles being fired at Ukrainians. The US is also morally obligated to do so given the Budapest Memorandum, especially since US renegaded on militarily guaranteeing Ukraine.
Sanctions won't reduce shelling Ukraine by even a single bullet.
Sanctions simpley radicalize the situation, like that lady pointed out. No country ever sanctioned have changed their mind, instead we have a new generation from those countries growing to learn that the WEST made them poorer. It's a cycle of hatred, hostility and radicalism.
@@christymichelle5176 Cope and seethe.
EU can sanctions itself no one care 🤣😂
@@christymichelle5176 that's their problem. They can starve for all I care.
I wish you guys could have showed HOW MUCH POOR people in those countries suffer due to sanctions. Is it really a benign form of warfare? No, I don't think so. It's brutal for poor people in Iran, North Korea, Syria, Cuba, Venezuela, Afganistan, and etc.
Agreed , sanctions hurt the common people more than regimes in power.
As country who claims to be the most powerful in the world(US). Putting sanctions on iranian people is really cowerd and cruel way to achieve (US)'s purpose
@@markward3981 the empires doesn't often really care about the people but it's all about sustainability of the empire... Works in both ways 😜
Sanctions are nothing but to halt the progress of others country for sometime at the end they also get what is required 👍👌
Best example is Iran
Shame you didn't mention what sanctions have done to Iraq.
I don't know but they give some satisfaction like You did something against Russia
Well, this shows all, sanctions doesn't reach it's goals.
I get from this video is that sanctions alone doesn't work, has to work together with other things like diplomacy. And the longer a country is sanctioned, the lesser effect it has because the country would find other way out.
@@loungingcat well that is based on sanctions history,are you seeing the west offering a a good,in Russia's perspective, diplomatic way out?cause I'm not , this has been a escalation conflict, the west is not being conciliatory, neither Russia.
@@lucasleao3482 well what is a better way then? Putin's requirements for ceasefire has been for Ukraine to put down their weapons and swear to never join NATO, and they keep attacking nonstop, what's the west to do now? In your mind, what is a good diplomatic way out, in Russia's perspective?
@@loungingcat mate, the diplomatic way out is being paved, the Ukrainian president already agreed to never join NATO,but he didn't pledge to demilitarise his country,cause that's simply a crazy ask of Russia. Well a good way out would be to the west recognize the Russian sphere of influence,cause the west constantly denied that to Russia,but that's more complicated than this. if they only be conciliatory to Putin it will give him the message that he can do whatever he wants. Usa and eu need to be tough yet conciliatory,cause Putin doesn't care about taking massive Ukrainian lives,he will escalate if he sees fit, and the price of the West standing up and being completely hostile to Russia is Ukrainian lives. Accepting to don't add Ukraine to NATO is a low price to keep a lot of Ukrainians alive, cause believe me when a I say a lot of newspapers are talking in a romanticise way about Ukraine winning,and that simply is not going to happen.
Yet I think the west should get a way to topple Putin via economic ways, his government is really inappropriate to stall peace.
the intro music is pretty jiggy. hahaha 110%
This is the freedom that the us brings
Do people remember the sanctions imposed on Germany after WW1? That went well!
Please explain.
Thats a better argument for the total occupation of russia, than an argument against sanctions.
To coerce another to change their behavior.
Now let me see it for the second time.
Sanctions don't work just in case anybody notices. Or they do, depending on the objectives - if the objective is to hurt local people and close up the path to negotiations, they work fine
Well, time to invest in darkpulse technology and ilika solid state EV batteries ...
Is there anywhere I can put my savings where the government can't 'freeze' them when they get displeased with me?
All of these other countries have one thing in common that all the other wars where defensive and were very much supported by the USSR. Because all these countries were defensive and was to "in their eyes" to save the nations existence. Not just a war declared by 1 man against his army's cousins grandmother's and friends
GOOD TO MAKE THIS DOCUMENTARY WITH TRUE AND REALITY AND FACT ..
Yes they do! Just watch...
Why did japan attack pearl harbor?
it was partially because of the sanction (oil) from US
south africa?
It hurts common people the most. Dictators don't care and evade. The only positive effect could be negative effect on his friends, which may result into losing support.
0:40
it's not good ... but , better then war..
Who told them to put a hip hop beat on this lmaooo
Sanctions work 4 few years.
But 4 really small countries takes longer because of lack of resources.
However rouble, Russian car manufacturers are booming.
I thought macro economy will hit but not working so far, instead all countries suffering from energy crisis including China and India.
Aged well 🤣 100 rubble = 1 USD
Sadly more sanctions means more inflation, first its gas and next up is food. My condolences to anyone like myself retiring this year. 30years of nonstop work just to have a crooked system swallow all your earnings.
@@mitchel8329
that's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@mitchel8329 The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees drain your portfolio. Is this the case with yours too?
@@mitchel8329
I will give this a look, thanks a bunch for sharing.
Gas prices will always have a direct effect on food prices, the trucks don't run on hopes and dreams.
@@volkerengels5298 sanctions started in 2014 over Crimea
These current sanctions are pretty extreme. I’m pretty sure they must have a pretty profound effect this time.
Not if the west is still paying billions to Russia for gas
The ruble has been demolished by the sanctions imposed. Russian economy is sent back to the USSR times. If that isn’t a profound effect, I don’t know what is.
@@paulkana4235 they’re cutting it off as we speak. All of the EU will be off Russian energy completely by the end of the year - sooner, if full-scale war breaks out, or if Putin turns off the taps now, as he is threatening to do. All three of those possible outcomes lead to the same result, however - the west is going to stop buying Russian oil and gas, 100%, over the course of this year - regardless of the pain it may cause in the short term. We will find ways to adjust and endure - because we have to. We don’t have a choice.
Censuring ideas is not working.
Wir werden überleben, ABER WIR WERDEN UNS DARAN ERINNERN ! Sie werden uns nicht leid tun! Wir sind stolz auf unseren König!
有用，请继续！
In the pocket.
Yes they do Both way and we see that already in Albania, Lebanon, Egypt, Italy and in many other countries very soon
This is a wrong question to ask. Sanction works only as a gesture.
I don't believe everything they are saying, I believe there are some pieces of the story is missing for each of the countries they discussed.
Russia has nothing to offer Ukraine. That’s why it tries to take it by force jajaja pathetic Russia
Think harder son xD
@@pancakesrule the Russian economy is dwarfed by California , one state of 50. Only 1 state 🤣🤣
@@anonymousanonymous4690 no need to compare it to California. Russian GDP already halved, by the ens of the year Russian economy would be more appropriately compared to Venezuela
@@anonymousanonymous4690 it's enough to beat the largest army in Europe armed with superior Western weapons; crazy to think what California, Texas or say Italy could do if poor Russia could
What a pathetic comment...
15:25 thought I left my work email open
No, sanctions do not work! They definitely haven't worked in Cuba in over 60yrs! All they've done is kept most people poor, hungry n tired! N so many dependent financially on family outside of Cuba. If you think about it, it actually hurts the US n it's citizens just as much, if not more, financially. All that $ leaving the US, has actually kept the regime afloat for over 60yrs.The regime n there family live good, have nice homes, cars, travel the world, are nice n healthy with full stomachs! Fidel actually lived into his 90's n Raul will be 91 in May, they outlived many US presidents! While it's citizens have to spend long hours daily in long lines, in scorching 🥵 sun/heat for food n basic needs, leaving them tired n with little, to no energy for anything else. How does it benefits anyone, especially the US, when it constantly has to be donating food/meds to Cuba, n on top of that, deal with all the Cuban immigrants coming over, now more than ever, with the pandemic n the Russian war, since Russians play a big part in Cuba's economy. Bottom line is, that most intelligent countries see this, and don't understand why the US n Israel with all this evidence still insist on keeping the embargo in place for over 60yrs, and all it's overwhelming evidence of failure. For many years US farmers have tried to have the embargo lifted knowing the USA has lost out on Billions in trade with CUBA. So who do we have to thank for this unfortunate mess, none other than the few scorned FL politicians, that keep the threat of the state hanging over the presidential election! The worst part is these politicians in FL are mostly Cuban's that are keeping there own bothers/sisters hungry, poor n tired! Curious how they sleep at night, with full stomachs n a clear conscious... WAIT, DO POLITICIANS EVEN HAVE A CONSCIOUS!🤥🤥🤥
Don't give Rubbish Arms to Ukraine,German…i
You could give Ukrainians new planes. But they will need at least 3 months to learn to fly on them.
thats NOT true
what are all the alternatives...oh well... it's just one or another thing, power and control will never stop
By the time sanctions really kick in, it will be way to late for Ukraine. They need air support but no one has the balls to give them any.
The Balls..... You want World War III?
@@jayjoe2510 You want weak 🇷🇺
🇺🇦 is just a stick to poke 🇷🇺
I've seen that dude's face in a Disney animed movie somewhere.
Just hurts the people
After the sanctions I couldn't play PUBG due to being in a "restricted area" :) I guess uncle sam was afraid im going to provide militias with guns bought from the game's store...
Sanction only hurt the people, not the leader nor the regime.
don't really think so, actually
Nah, never. Ukraine's current situation is like a tortoise in a pot. The question is how do you want it to be served?
I have a thought, you guys at DW have a video right away 😲
Well, can you also make a video about other news that are eclipsed by the Ukraine conflict?
Like what happened in women day, election in Korea, etc?
😄 🤣 USA 🇺🇸 just moment Maduro is a good man 🦸♂️ cus they are in need of oil 🛢 😀..
yup, human rights problem solved.
Sanction affect short term
I support sanctions against Russia.
I do not support sanctions against Cuba.
The end.
When the United States dropped the atomic bomb, did the civilians be notified to leave?
sanctioner in chief😀
It always works, everytime US announced it, their approval increase and winning more votes. That's what matter to them.
sanctions are not about the money, they are about sending a message
To the people who already struggle good job - - - why USA or Israel have never been sanctioned, they should be first example shouldn't they ?
@@rob5197 yes
Sup, boys?
(c) Russian guy
rubles re still worth a xit fo some xitholes x comrades with ancient bandits characteristics
Sanctions are not enough. Nobody who has ever read a history book or Star Wars film/cartoon is surprised.
The US ....HYPOCRISY
Sections seem to hurt us more. Right were it hurts. On our walllet. (Gas)
Help me understand how come usa sanctions those for having nuclear weapons (nort Korea) when usa itself has most nuclear weapons.
The less countries have nukes the stronger Americas nukes are. Or at least be an American lackey who’s foreign policy Washington control.
Lot of sanctions......... but people is still suffering because the war......... no sense
Sanction ... a modern way bullying
Sanctions will never work, ie. Cuba , Venezuela etc. 🤬
Do more to help the brave people in 🇺🇦✊
The difference between these small country's that were defensive and fighting for they're country's existence and were supported by the USSR who where much stronger and much more whealthy than today's Russia - and the attacking force that is Putin's war who's military has friend family and loved ones in that country is way more affected by these sections but more military aid should be given to Ukraine
Do you want world war ?
@@markuskristensen2433 Cuba and Venezuela were being supported by the Ussr since its collapse in 1991 ? what about Iran ? keep coping.
Ukraine have receive more help then we can imagine I'm sorry for Ukraine but If there are countries who need more help than Ukraine today its Yemen and Palestinians Afghanistan
Long live the world currency RUBLE !! THE DOLLAR IS OVER !!
Less and less effective definitely.
1974 , 1998 sanction on 🇮🇳
18:38 Is that something funny??
Would have love that when the US was doing this exact same thing in latam and the middle the world had gotten so together for us xd people dont seem to stop talking about the conflict yet do absolutely nothing, the only actual move I've seen is Europe trying to get more independent with their energetic resources.
Sanction doesn't work on countries they can't take long by sanctioned them coz it will affect theyre economy too
No heavily sanctioned country ever started a war. Just because they can't effort it any longer. However I'm not aware that they ever lead to a significant policy change.
that is false, its the reason japan struck the US in ww2
in fact trying to break embargos is one of the more common reasons to start one
@@catadoxas I'm not talking about reccently imposed sanctions. I was talking about already heavily imposed sanctions. You could argue that the SU was a country with long term sanctions that still fought wars.
Breaking sanctions is of course somethign that shifts the cost benefit calculation of a war towards aggression. It can even create a closing time window where war is still possible.
The difference between russia and north korea is that in north korea it's been there for so long, that people are used to it. Many young north koreans were born under sanction so they just don't know anything else. I saw another documentary where a north korean man told the journalist that he still believe that the Berlin wall is still there. Russian have been exposed to western culture for so long, it will be harder to suddenly prive them from everything. The sanctions should be coordinated and harder.
Attacking regular people's wallets will surely turn them to the side of the attacker 😉
lmao Russians can still pirate almost every form of "western culture" they want, if iranians can do it, Russians definitely can do it too.
Non-western countries won't go along with it.
Sanctions are one tool in the worlds tool box towards nefarious state actions.....their are no magical bullets in life haha ....single mindedness and preoccupation with one size fits all...along with singular thinking as a strategy with tactics would be laughable if it wasn't so tragic in society
Sanction will work if Germany doesn't use back door business with Russia.
Sanction is a weak action...
Donate to Ukraine
the VOICE of reason ! finally :)
Sanctions are an act of war. Sanctions were put on Japan in the 1930 in the form of an oil and steel embargo. We all know where that lead. If a nation is given a choice between economic destruction and fighting, which do you think it will do?
Well russia is already fighting. What do you expect, let NATO countries march up to moscow to stop Putins war plans?
@@Vulcano7965 then thousands of Russian nuke will fly all over the nato countries the end
@@noah-mj3kb exactly, so sanctions it is
Please publish my opinions please
Russia has 3 or more pipelines crossing Ukraine to Europe.....yes crossing Ukraine....have a look at the coast of Odessa same reasoning...unfettered trade
Absolutely it works. Targeting the Russian oligarchs is very clever
Do you understand that combination of weaker ruble and spiking prices means their share of wealth within Russia grows while people get poorer? Remember how Covid doubled the wealth of the richest people?
Where are the European countries going to get ruble to buy Russia natural gas , crude oil, coal? Starting this week , in few days ... good luck finding ruble equivalent to usd250 million per month. 😂😂😂
The face of evil? Joshua Stanton.
History has proved that sanctions are not work anymore iran is lion of middle east more aggresive than ever and we gonna teach the usa how to kneel down in front of iran. LONG LIVE IRAN 🇮🇷🇮🇷🇮🇷☝️☝️
We should not have sanctions if we would only use our own products and energy this is ridiculous
McDonald's, KFC, Phill Morison etc stopped their business in Russia, are you serious? Thank God and take your trash
don´t forget coca cola
Too bad Germany is not willing to help Ukraine with the arms now, and is ready to stay the most heartless nation of Europe😔
Light will win over darkness🙏 Lord destroy and crush the evil ones.Protect your people🙏🙏🙏
If they don't work, they weren't severe enough. I think in Russia we can see for the first time what "sanctions" actually means
didnt seem to stop russians anyway
Agreed - in Russia’s case, “sanctions” will eventually come to mean the total severing of all relations and interactions - 100% cutting of ALL ties between Russia and most of the rest of the world, but certainly the west.
@@shadowbanned636 then the question is that does that really make Europe safer?
@@greywolf2004 I think it will just keep getting more dangerous so long as Putin remains in power. I don’t think he’s going to just stop with Ukraine.
It works, now people in EU are suffering the inflation.
yer no maccys and iphones is really getting to oligarchs.... punish the rich not the general population of any country
No. Not with Russia.
DW! While you tried to introduce imposing sanction counter to İran in the map, 🇦🇿 Azerbaijani map is designed uncorrectly , Garabakh territory is a part of Azerbaijan however it seems you endavour to designed Karabakh is independent. Please, edit this map
Putin does not understand slow wrestlings. He is a karate man without understanding the inside origin of the culture.
He is a judoka😒