Official announcements from the US Department of the Treasury or credible news sources like Reuters or the Washington Post

US Imposes Record-Setting Sanctions in Economic Warfare, Targeting 60% of Low-Income Countries and One-Third of All Nations

Jul 25, 2024, 02:51 PM

The United States is imposing economic sanctions at an unprecedented pace, with more than 60% of all low-income countries now under some form of financial penalty, according to a Washington Post analysis. This marks a significant increase from previous years when sanctions were largely limited to countries like Cuba and a few other regimes. The trend, which began under Presidents George W. Bush and Barack Obama, has accelerated under subsequent administrations. Approximately one-third of all nations globally are now facing US sanctions. The report highlights the growing impact of these measures and the emergence of lobbying networks for foreign nationals to target political adversaries. The analysis also emphasizes the role of four U.S. presidents in unleashing economic warfare across the globe.