Economic Sanctions: How to Make International Trade a Legal Right Instead of a Privilege

The wave of new economic trade sanctions in the world needs the comprehension of the grounds and potential consequences of this phenomenon. The author summarizes the annual reports of the UN Special Rapporteur on the negative impact of the unilateral coercive measurers for 2015–2022. Also, the paper...

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Main Author: K. Molodyko
Format: Article
Language:English
Published: Publshing House V.Ема 2024-12-01
Series:BRICS Law Journal
Subjects:
Online Access:https://www.bricslawjournal.com/jour/article/view/1128
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author K. Molodyko
author_facet K. Molodyko
author_sort K. Molodyko
collection DOAJ
description The wave of new economic trade sanctions in the world needs the comprehension of the grounds and potential consequences of this phenomenon. The author summarizes the annual reports of the UN Special Rapporteur on the negative impact of the unilateral coercive measurers for 2015–2022. Also, the paper explains why the “broken windows theory” is relevant to unilateral economic sanctions imposed by developed countries against developing countries. Analyzing the results of voting in the UN for non-specific country sanction issue resolutions, the author proves that the developed countries and European developing countries except Russia usually support economic sanctions as a policy tool which is unlikely for non-European developing countries. The increase in multi-regionalism facilitated by imposed or potential economic sanctions is a factor which could lead to the collapse of the unilateral system of international trade regulations under the WTO scope. Finally, the paper offers to unblock the Doha Round of WTO negotiations through a switch from multilateral agreement ideology to plurilateral agreement ideology, starting from signing an in-depth and comprehensive anti-economic sanctions agreement initiated by the BRICS member states.
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spelling doaj-art-e5bb7947ecee45b6a5cd65fad2ce27bc2025-08-20T03:45:15ZengPublshing House V.ЕмаBRICS Law Journal2409-90582412-23432024-12-01114345610.21684/2412-2343-2024-11-4-34-56333Economic Sanctions: How to Make International Trade a Legal Right Instead of a PrivilegeK. Molodyko0Tashkent State University of LawThe wave of new economic trade sanctions in the world needs the comprehension of the grounds and potential consequences of this phenomenon. The author summarizes the annual reports of the UN Special Rapporteur on the negative impact of the unilateral coercive measurers for 2015–2022. Also, the paper explains why the “broken windows theory” is relevant to unilateral economic sanctions imposed by developed countries against developing countries. Analyzing the results of voting in the UN for non-specific country sanction issue resolutions, the author proves that the developed countries and European developing countries except Russia usually support economic sanctions as a policy tool which is unlikely for non-European developing countries. The increase in multi-regionalism facilitated by imposed or potential economic sanctions is a factor which could lead to the collapse of the unilateral system of international trade regulations under the WTO scope. Finally, the paper offers to unblock the Doha Round of WTO negotiations through a switch from multilateral agreement ideology to plurilateral agreement ideology, starting from signing an in-depth and comprehensive anti-economic sanctions agreement initiated by the BRICS member states.https://www.bricslawjournal.com/jour/article/view/1128bricseconomic sanctionsunilateral coercive measureswtointernational tradeagreementmultilateralism
spellingShingle K. Molodyko
Economic Sanctions: How to Make International Trade a Legal Right Instead of a Privilege
BRICS Law Journal
brics
economic sanctions
unilateral coercive measures
wto
international trade
agreement
multilateralism
title Economic Sanctions: How to Make International Trade a Legal Right Instead of a Privilege
title_full Economic Sanctions: How to Make International Trade a Legal Right Instead of a Privilege
title_fullStr Economic Sanctions: How to Make International Trade a Legal Right Instead of a Privilege
title_full_unstemmed Economic Sanctions: How to Make International Trade a Legal Right Instead of a Privilege
title_short Economic Sanctions: How to Make International Trade a Legal Right Instead of a Privilege
title_sort economic sanctions how to make international trade a legal right instead of a privilege
topic brics
economic sanctions
unilateral coercive measures
wto
international trade
agreement
multilateralism
url https://www.bricslawjournal.com/jour/article/view/1128
work_keys_str_mv AT kmolodyko economicsanctionshowtomakeinternationaltradealegalrightinsteadofaprivilege