Legal Regulation of the Economic Sanctions Regime

In recent decades, economic sanctions have become the most sought-after and popular way for some States to influence the politics and economies of other States in order to force the latter to take the actions required by the initiator country or, conversely, to refrain from doing so. At the same time, restrictions negatively affect not only the country’s economy as a whole, but also affect the interests of individual business entities. The aim of the article is to study the concept, type and impact of economic sanctions, primarily on the target country, state regulation of the economy in the context of sanctions pressure. The methods of comparative jurisprudence, the method of com-plex analysis, and general formal and logical methods (synthesis, analysis, and generalization) are used in the work. As a result, the author concludes that, summarizing the global practice of using economic sanctions, of course, one cannot deny the fact that they have the most negative impact on the economies of the countries against which they are applied. But at the same time, desired political goals are not always achieved either. This is due to the fact that, one way or another, countries under sanctions eventually find an opportunity to adapt to the new reality.