This paper presents abstracts of Prof. Abashidze’s speech at the International Seminar on the Impact of Economic and Financial Sanctions on the Enjoyment of Human Rights (Islamic Republic of Iran, Tehran, 15 December 2014). The main conclusion, made by the author is the following: in frames of globalization, the more interrelatedness and interdependence of States, the unilateral application of coercive measures (sanctions) of economic and financial character by States or group of States and the consequences of these sanctions should be qualified as a factor undermining the pillars of the system of collective security based on the UN Charter.