Author: Tursunov, Mukhammadjon Otabek ugli

Annotation: This article discusses the effectiveness of economic sanctions and the factors influencing it, taking into account the theoretical postulates of the new institutional economics. The position is confirmed that economic sanctions remain an active, but economically and politically ineffective tool for pursuing the foreign policy of states due to high costs. It is stated that when imposing sanctions, it is necessary to take into account the humanitarian consequences, as well as an analysis of the long-term economic effect not only for the participating countries, but also possible external externalities for a third party.

Keywords: economic sanctions, secondary sanctions, targeted sanctions, financial sanctions, comprehensive sanctions, smart sanctions, subjects and objects of sanctions, the effectiveness of sanctions, costs, consequences of sanctions, humanitarian damage.

Pages in journal: 903 - 912