- Russia’s yuan reserves are nearly depleted due to Chinese banks’ fear of US sanctions.
- Lenders have urged Russia’s central bank to address the yuan deficit, causing the ruble to drop.
- China’s hesitance stems from US threats of secondary sanctions over Russia’s Ukraine war financing.
The goal is to make the cost of waging war increasingly painful to pay. There is no other way to effectively do this than to target the entire country.
Off the top my head, the sanctions on Iran were pretty effective to get them to negotiate the nuclear deal. Until Trump tore that one up, that is.
I understand what sanctions are supposed to achieve, but I would like examples of when that has actually happened.
Edit my comment to add the Iran example
That’s one reduction in sanctions example, which does not stand to this day and has seen the country distancing itself further than ever.