When we think about economic sanctions, it’s easy to view them as straight-forward tools for international diplomacy. However, as we dive deeper into their reality, we uncover a more complex narrative: sanctions can often feel like theater, with mixed reviews for their effectiveness. Take the example of sanctions on Russia, instituted in response to its invasion of Ukraine. The U.S. and its allies imposed extensive penalties on Russia's economy, financial institutions, and key individuals. But how successful have these sanctions really been?To understand that, we need to look at some numbers. Studies suggest that economic sanctions achieve their primary objectives only about 34% of the time, and alarmingly, their success rates have been declining for decades. The average sanction lasts about 4.75 years, with a staggering 70% of them enduring less than six years. It's a mixed bag, and the impact on target economies can be severe, leading to downturns in GDP, soaring inflation rates, and rising unemployment levels.Become a supporter of this podcast: https://www.spreaker.com/podcast/conspiracy-theories-exploring-the-unseen--5194379/support.

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“What did the council decide on item 42?” — answered with the speaker and the moment.