NEW YORK -- The United States' addiction to sanctions has gotten out of control and is hurting itself, reported The Washington Post earlier this month. The Treasury Department estimated in late 2021 that it had sanctions on 9,421 organizations and individuals, a roughly 900 percent increase over the past 20 years. In 2022, the Treasury Department added 2,549 new designations while delisting only 225. "And looking only at Treasury Department designations substantially understates the pervasiveness of sanctions," it noted. "The U.S. government now increasingly uses export controls, tariffs and foreign investment reviews as a de facto form of commercial sanctions."

Source: Washington Post June 29, 2023 13:33 UTC