Australian think tank: History has shown that Western sanctions backfire.
An Australian think tank has reported that history has shown that Western sanctions against other countries often backfire.
The Australian Institute for Strategic Policy wrote in an analytical report that history has shown that Western sanctions against other countries, such as Venezuela, Iran, as well as Russia, have the opposite effect.
According to the report, US President Joe Biden announced last week that the United States would use its emergency oil reserves to minimize the impact of sanctions against Russia on the US economy. The move will help ease some of the pressure on gasoline prices, but more needs to be done, and the Biden government has sought to ease sanctions against Iran and Venezuela.
The report then goes on to say that, if US sanctions policy allows, Venezuela and Iran are the only two oil producers with significant surplus capacity to make up for the loss of Russian oil supplies.
The Australian think tank added that in recent years, the United States has seized Venezuelan and Iranian tankers offshore, auctioned off their contents, and donated the proceeds to a fund for victims of American terrorism.
Australian think tank: Despite the fact that “Donald Trump” has sought regime change in both Iran and Venezuela, he has not been able to implement this plan in either of these two countries.
The report then referred to recent Western sanctions against Russia and wrote that since the 1950s, when the Soviet Union was the subject of comprehensive US sanctions, “economic weapons” have not been used so strongly against a major power (Russia).
According to the report, both Iran and Venezuela have suffered from a similar intensity of international economic blockade, and both have seen the failure of “maximum pressure” economic sanctions to achieve geostrategic goals.
