<Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> Economic sanctions are commercial and financial penalties applied by one or more countries against a targeted country, group, or individual . Economic sanctions may include various forms of trade barriers, tariffs, and restrictions on financial transactions . An embargo is similar, but usually implies a more severe sanction . Economic sanctions are not necessarily imposed because of economic circumstances--they may also be imposed for a variety of political, military, and social issues . Economic sanctions can be used for achieving domestic and international purposes . </P> <P> An embargo (from the Spanish embargo, meaning hindrance, obstruction, etc. in a general sense, a trading ban in trade terminology and literally "distraint" in juridic parlance) is the partial or complete prohibition of commerce and trade with a particular country or a group of countries . Embargoes are considered strong diplomatic measures imposed in an effort, by the imposing country, to elicit a given national - interest result from the country on which it is imposed . Embargoes are generally considered legal barriers to trade, not to be confused with blockades, which are often considered to be acts of war . </P> <P> Embargoes can mean limiting or banning export or import, creating quotas for quantity, imposing special tolls, taxes, banning freight or transport vehicles, freezing or seizing freights, assets, bank accounts, limiting the transport of particular technologies or products (high - tech) for example CoCom during the cold - war . </P>

A situation in which a country is closed to any international trade is referred to as