The Performance of U.S.Financial Sanctions and China's Response——Based on Case Studies of Russia,Iran and North Korea
Financial sanctions,as a targeted and flexible form of sanctioning,are part of economic sanctions and an important method of coercive diplomacy.In recent years,the United States has frequently used financial sanctions against its competitors or"hostile countries"to achieve precise impacts on the targets at minimum costs.To study the methods and effects of U.S.financial sanctions,as well as the countermeasures of the sanctioned countries,has significant implications for maintaining China's financial security.Taking the financial sanctions against Russia,Iran and North Korea as cases,this paper discusses the characteristics,countermeasures,and consequences of sanctions.The study finds that although the scope,speed,and intensity of the financial sanctions imposed by the United States on the three countries continued to expand,which had a certain negative impact on their economic development,the U.S.has not fully achieved its anticipated objectives,with the three countries hardening their political stance against the U.S.Given this,in the face of the threat of U.S.financial sanctions,China should adopt comprehensively temporary,offensive,and defensive response strategies,steadily bolster economic strength,actively promote the internationalization of RMB,and collaborate with other countries to build a mechanism for restraining U.S.financial hegemony,thereby safeguarding its own financial security.
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