Economic coercion is a distinctive feature of the U.S. global strategy. During the Cold War and later on the Unites States practiced a wide array of sanctions, including trade embargoes, financial and economic restrictions, visa bans, as well as other punitive measures against countries in Europe (USSR/Russia, Belarus, Serbia), Asia (China, Burma), the Middle East (Iran, Iraq, Libya, Syria, Afghanistan), Central America (Panama, Nicaragua), Africa (South Africa, Zimbabwe, Sudan) and elsewhere (Cuba, Venezuela, etc.). The U.S. sanctions policy has unique specifics due to which the Western world turns out to be involved in its implementation. February 2022 marked a milestone in the U.S. sanctions policy against Russia – the Biden administration embarked on a process of putting in place massive, crippling and even illegal measures such as a freeze of state assets of the Russian Federation in the U.S. banks. The unprecedented scale and toughness of the U.S. sanctions derive from the perception of the current Russian policy as a major challenge to the U.S. global power.
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