Tag Archives: US economic warfare

With sanctions re-imposed on Iran’s oil exports last year and recently applied in part to its petrochemicals exports as well, the U.S. is now looking to roll out the next phase of its sanctions plan against the Islamic Republic. This is to gradually employ increasingly tight sanctions on Iran’s gas sector, whilst ensuring that Europe’s mechanism for enabling ongoing business with Iran does not succeed. These policies taken together are aimed at limiting Iran’s energy export revenues to no...

The Trump administration likes the steps Bolsonaro took. It wants to starve Cuba of access to hard currencies that the body leasing of doctors provides. It is also one of the reasons why it targets Venezuela: Around 50,000 Cuban health professionals work in 66 countries worldwide, although around half of those work in Venezuela, with an additional 11,456 in Brazil. The Cuban doctors in Brazil are gone and the U.S. is pressing for those in Venezuela to leave. Trump's National Security...

This could potentially lead to Huawei’s destruction,” said Scott Kennedy, a China expert at the Center for Strategic and International Studies. “You can’t underestimate the significance. It’s their most important company and threatening it in this way will generate a massive public response as well as from the Chinese government. The bilateral trade talks were on thin ice and this could derail them entirely.”… Maybe time to consider firms in your portfolio whose earnings are heavily...

“I don’t think people really understand what is at stake,” says Alex Camera, CEO of Audio Control, a privately held, small business manufacturing audio sound equipment near Seattle, Washington. He imports electronic components from China and makes things like power amplifiers for cars. They design it and put it together in Washington. “Trump says China is paying these tariffs, but they are not. I am. U.S. companies are paying it at the port.” Tariffs are port taxes due at the time of...

The expiration of US waivers on sanctions targeting Iran and its foreign trade partners ends this Thursday. This will affect India, China, Japan, S. Korea and Turkey. While China is currently the largest purchaser of Iranian crude oil, both India and China have warned that such a step could destabilise the global energy market and the Middle East.... Sputnik InternationalIndia-China Oil Bloc Proposal a Good Step, Say Energy Analysts

The two countries have set up a joint working group that would identify subjects of cooperation in the energy sector, including ways to rein in global oil prices. The group, set up a month ago, will be co-chaired by a joint secretary in the oil ministry and his Chinese counterpart.China and India, second- and third-largest oil consumers, respectively, have been meaning to form a joint front for more than a decade to assert their weight in the oil market, dominated by a producers’ cartel,...

It is clear that once dominance of the US Dollar and the system which sustains it is removed, consequences for the United States could be catastrophic. The question is NOT about IF US Dollar will survive as world's reserve currency--this is not even up for a debate--it is WHEN and HOW the departure will happen. Reminiscence of the FutureAbout US Dollar and Sanctions, Yet Again.Andrei Martyanov

Putin was not joking about sanctions being a blessing in disguise, since Russia would have found it difficult to restructure otherwise. Necessity is the mother of invention.Gold, Goats 'n GunsRussia’s Exports Continue to Defy Sanctions Tom Luongo

The Economic Debates Unit of the Latin American Geopolitical Strategic Center (CELAG) released a report on "the economic consequences of the boycott against Venezuela," on Friday, in which it is proved that the "international financial blockade to Venezuela since 2013 is the main responsible for the economic crisis." Economic strangulation. TeleSUR US Blockade on Venezuela Has Cost US$350 Billion: Report

An internal government document reveals tactics of “economic warfare” and “financial weapons” the US is using against Venezuela in the name of “furthering capitalism.” SOP (standard operating procedure). Told ya so.Mint Press NewsInternal US Gov’t Document Outlines Program of ‘Economic Warfare’ on Venezuela Ben NortonSee also One after another right-wing government in the region — including Colombia, Chile, and Brazil — affirmed their support for Guaidó. The wave of support in the hours...