Thank you very much.
I totally agree with what Dr. Lopez just mentioned.
Perhaps what I would add is that it is difficult to foresee what the next state will be, because, interestingly, UN sanctions are becoming increasingly targeted. We have seen the UN Security Council basically being ready to blacklist spoilers to peace treaties, for example. The sanctions of the UN are becoming more personal, more targeted, and more individualized.
But if we look at the sanctions practice of the European Union, we see that it is actually becoming less targeted. There is increased readiness to impose measures that affect wider sectors of the economy or population groups that are not directly implied in the misbehaviour that the sanctions are trying to address.
Since we have a situation in which universal sanctions are becoming more targeted, but some unilateral sanctions are becoming less targeted, it is difficult to foresee what the next state will be. In any case, the interplay between these two levels might be quite interesting to observe over the coming years. We might witness a scenario in which the global and the regional levels follow different paths. They might even go in opposite directions, but they might still be complementary and actually quite effective.
Finally, I would underline again what Dr. Lopez has mentioned: what matters is that we improve our capacity to follow the money. The activities of the Financial Action Task Force have made it much easier to identify what financing networks are in place. This knowledge makes it much easier to target them specifically.