Tag Archives: US sanctions

India has done well to put in place the nuts and bolts of a payment mechanism for its trade and investment transactions with Iran against the backdrop of the US withdrawal from the Iran nuclear deal (known as the Joint Comprehensive Plan of Action) in May last year followed by the imposition of sanctions against Iran.... India PunchlineIndia sequesters Iran ties from US predatory strikeM. K. Bhadrakumar | retired diplomat with the Indian Foreign Service

Following Wednesday's unexpected and dramatic full and "immediate" withdrawal of all US forces from Syria, Turkey has announced it will not play ball on Iran sanctions. According to a translation of the Turkish president's words on Thursday during a previously planned summit with Iranian President Hassan Rouhani in Ankara, journalist Abdullah Bozkurt reports, "Turkish president Erdogan says Turkey won't support US sanctions on Iran which he claims puts regional security and stability at...

Sanctions do not have a decisive impact on economic growth in Russia, said Elvira Nabiullina. The head of the regulator spoke at a press conference with journalists today. “With regard to sanctions risks, geopolitical, we, of course, take this into account as one of the significant factors in forecasting the development of the economy. But I want to say that, in general, the economy is adapting to these sanctions, and we see that the growth rates are now close to potential. This factor...

Jon Hellevig is the best analyst of the Russian economy, who makes his views freely available anyway. This is a comprehensive report. We are into the fifth year of the US initiated trade war on Russia. Cold War 2.0. is an established reality, trade wars are flaring and Trump raves about an arms race. But Russia is strong and stable with outstanding military power and a reindustrialized modern economy, lean and mean, ready to deliver a knockout blow to the US regime in its ghastly arms race...

Likewise, after a one-month hiatus, China is resuming its imports from Iran. It has oil companies that don’t deal witht he US and so can be used for camouflage. Informed ConsentIndia Doubles Iran Oil Imports: Are Trump’s Sanctions Cratering? Juan Cole

Crossing the Rubicon. There is no UN mandate for this. While the US could not directly force SWIFT to cut off Iranian banks, US Secretary of State Mike Pompeo had warned that penalties would be applied to SWIFT and any other firms that refused to comply with the latest sanctions, effectively forcing SWIFT to pick between compliance with US demands or angering top EU officials. It picked the former. Zero HedgeSWIFT Cuts Off Iran Central Bank As Tehran Sells 700,000 Barrels To Anonymous...

My conclusions: 1. The West is conducting economic warfare against Russia and Russians in general realize that his is the not-so-hidden agenda. 2. So far Russia has adapted successfully to the challenges and as a result become stronger and more integrated with the non-West. The West hadn't anticipated this. The consequence is that the West is in a worse position than prior to launching the economic war. 3. Specific understanding of MMT would greatly improve Russia...

Just four days after president Trump signed an executive order last Thursday enabling new sanctions on Venezuela’s gold sector, in a bid to disrupt trade with Turkey which U.S. officials believe is undermining efforts to cripple Venezuela's economy and force Maduro and members of his government out of office, Maduro is now seeking to repatriate about $550 million in gold bars from the Bank of England over fears it could be caught up in international sanctions on the country. US economic...

These are some contributions the United States government has made to China's reform and opening up – one failed attempt at sabotage after another. And it won’t stop until the "America first" policy has become worn out, and China's reform and opening up policy has become unbreakable.... The message to the people of China. Western powers are still trying to humiliate China, now chiefly the US. This is the most powerful adversarial message short of accusing the US of threatening war.The...

China's leaders have long known that the economy has outgrown the world market, and is desperately in need of rebalancing. But, thanks to Donald Trump’s trade war, they are now pursuing that goal with a new sense of urgency, suggesting that US pressure may well end up being a blessing in disguise for China. Project SyndicateHow Trump Is Helping ChinaYu Yongding | formerly president of the China Society of World Economics and director of the Institute of World Economics and Politics at the...