The Impact Sanction on Iraq
- Authors: Degtyareva I.V.1, Ben Brahim F.1
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Affiliations:
- Ufa University of Science and Technology
- Issue: Vol 20, No 2 (2024)
- Pages: 169-173
- Section: Economic Theory
- URL: https://journals.eco-vector.com/2541-8025/article/view/633790
- DOI: https://doi.org/10.33693/2541-8025-2024-20-2-169-173
- EDN: https://elibrary.ru/NJWRKG
- ID: 633790
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Abstract
The paper discusses the Gulf War and its economic repercussions, among other things, the article addresses the disastrous effects of the UN Security Council embargo on Iraq. It draws attention to Iraq's strained resources, heightened susceptibility to outside forces, and long-term impacts of the conflict. The study delves into the intricate mechanisms that contribute to Iraq's economic woes as well as the sanctions imposed by the international community. Main Results: The extensive embargo imposed on Iraq by the UN Security Council had disastrous effects on the country's population and economy. The main causes of Iraq's current situation were determined to be the severity and arbitrary character of the sanctions system. The Gulf War that followed Iraq's invasion of Kuwait resulted in heightened international isolation and a tightening of the sanctions system. The Sanctions Committee also arranged for Iraq to receive financial assistance every six months to cover the cost of importing food, medical supplies, and other necessities for humanitarian relief.
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About the authors
Irina V. Degtyareva
Ufa University of Science and Technology
Email: degtyareva.iv@ugatu.su
SPIN-code: 7210-6767
Dr. Sci. (Econ), Professor, Head of the Department of Economic Theory, Institute of Economics, Management and Business
Russian Federation, UfaFadwa Ben Brahim
Ufa University of Science and Technology
Author for correspondence.
Email: benbrahimfadwa1989@gmail.com
ORCID iD: 0000-0001-5334-8324
postgraduate student of the Department of Economic Theory, Institute of Economics, Management and Business
Russian Federation, UfaReferences
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