Diplomacy & Politics Glossary

Economic statecraft uses economic tools like trade policies and sanctions to influence other states' behavior and achieve foreign policy goals.

A government-imposed ban on trade or other commercial activity with a particular country to exert political pressure.

Restrictions on financial transactions imposed on countries or entities to influence their policies.

Sanctions busting involves illegal methods used by states or entities to evade economic sanctions imposed by other countries or international bodies.

Techniques used by states or entities to circumvent economic or political sanctions imposed by other countries or organisations.

Penalties applied to third-party entities or countries that do business with a sanctioned country, extending the reach of sanctions.

Trade or financial penalties imposed by one country independently to influence another nation's policies.