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Sanctions

Travel Ban And Sanctions Obstruct Humanitarian Efforts In North Korea

Within moments of returning from his summit with Kim Jong Un, President Trump struck a triumphant tone, buoyantly tweeting, “There is no longer a Nuclear Threat from North Korea … North Korea has great potential for the future!” But just nine days later he extended an existing executive order “Notice Regarding the Continuation of the National Emergency with Respect to North Korea” declaring, “North Korea continue[s] to pose an unusual and extraordinary threat to the national security, foreign policy, and economy of the United States.” Meanwhile, sanctions imposed by the US, United Nations (UN), European Union and other international entities continue to make life hard for ordinary North Koreans, with no sign of relief in sight.

Iran & Sanctions: A Prelude To War?

The question is: has the Trump administration already made a decision to go to war with Iran, similar to the determination of the Bush administration to invade Iraq in the aftermath of the 2001 attacks on New York and Washington? Predictions are dicey things, and few human institutions are more uncertain than war. But several developments have come together to suggest that the rationale for using sanctions to force a re-negotiation of the Joint Comprehensive Plan of Action (JCPOA) is cover for an eventual military assault by the US, Israel and Saudi Arabia aimed at regime change in Teheran. As clueless as the Trump administration is on foreign policy, the people around the White House...

EU Unveils Plans To Block Donald Trump’s Sanctions Against Iran

Leaders approve 'blocking clause' to protect European companies. Brussels has unveiled details of measures that would block American sanctions against European companies trying to do business with Iran, in a bid to head off Donald Trump’s new economic assault on the Middle Eastern county. The US president announced the re-introduction of the anti-Iran sanctions as he confirmed US was breaking the international deal designed to put a stop to the country’s nuclear programme – with the end to sanctions as a reward for compliance. Mr Trump’s administration has not ruled out hitting European companies that trade with Iran with its new measures, so the EU has now responded by updating a “blocking statue” originally meant to circumvent a the US embargo against Cuba in the 1990s.

High-Profile Activists Slam U.S., Canadian Sanctions On Venezuela

CARACAS (Reuters) - U.S. philosopher Noam Chomsky and Hollywood star Danny Glover joined other activists on Friday in condemning U.S. and Canadian sanctions on Venezuela’s socialist government, saying they hurt the poor and torpedoed political reconciliation. The two high-profile activists were among 154 signatories of an open letter to the Washington and Ottawa governments urging them to reconsider recent measures to pressure President Nicolas Maduro’s administration. The United States and Canada have slapped individual sanctions on a handful of Venezuelan officials, including Maduro, over accusations of corruption, democratic abuses and human rights violations.  The measures include freezing assets and preventing U.S. and Canadian nationals from dealing with them.

Days Of Action: Stop Economic War Against Cuba

By Ajowa Nzinga Ifateyo for GEO. For nearly 60 years, the United States government has waged economic war against Cuba, causing untold suffering, death and starvation of thousands of the Cuban people with its many-pronged blockade and terrorist paramilitary operations against the socialist island. These actions have made it difficult or impossible for the country to import food, medical supplies, technology, and other goods and services. Today, more Americans are seeing through the U.S. lies about Cuba and are taking a stand against genocide by their government by organizing “actions” in support of the Cuban people. The Third Days of Action Against the Cuban Blockade will take place in Washington, DC on September 11-16 to galvanize the American people and their government to end the blockade, a series of laws designed to try to bring Cuba to its knees and to force the people to rise up against the late Cuban leader Fidel Castro.

Venezuelan Left Fights Back Against Trump’s Threats And Sanctions

By Emile Schepers for People's World - On Friday, August 25, President Trump announced the imposition of tough new sanctions on the Bolivarian Republic of Venezuela, as punishment for the establishment of a new National Constituent Assembly in that country. But the Constituent Assembly is not taking Trump’s latest attacks lying down, but rather is forging ahead with a full program of reforms on the heels of military threats against the South American country. Threats against Venezuela by the United States are not new. President Obama had already declared Venezuela to be an unusual threat to U.S. security and interests, using language required to make the imposition of sanctions legal. However, the composition and politics of the Trump administration have greatly increased the anti-Venezuela mood in our executive branch. The high concentration in the U.S. political establishment, in the Trump cabinet and among Trump’s closest advisors and personal cronies — of people with axes to grind against Venezuela — has increased the danger. For example, Secretary of State Rex Tillerson used to be the CEO of Exxon-Mobil, a transnational oil giant which has had sharp disputes with the Venezuelan government over the nationalization of some of their properties in that country.

Trump’s Tough New Sanctions Will Harm The People Of Venezuela

By Mark Weisbrot for The Hill - The Trump administration announced new, unprecedented sanctions against Venezuela on Friday that are designed to cut off financing to Venezuela. The Trump team pretends that the sanctions are only directed at the government. But as any economist knows, this is clearly false. By starving the economy of foreign exchange, this action will harm the private sector, most Venezuelans, the poor and the vulnerable. These sanctions will deepen the severe depression that Venezuela’s economy has been in for more than three and a half years, which has already shrunk income per person by more than a third. They will worsen the shortages of food and essential medicines. They will exacerbate the country’s balance of payments crisis, and therefore feed the spiral of inflation (600 percent over the past year) and depreciation of the currency (on the black market) that has been accelerating since late 2012. And they will further polarize an already divided country. Opposition leaders who support the sanctions, or are associated with them because of their longstanding ties to the United States, will be seen as treasonous — much as Republicans in the Trump administration, including Trump himself, are portrayed by those who believe they collaborated with the Russian government to win the 2016 election.

Berlin Calls For Retaliation Against ‘Illegal’ US Sanctions On Russia

By Staff of RT - New penalties against Moscow proposed by US lawmakers violate international law and officials in Brussels should consider countermeasures, the German economy minister said on Monday. "We consider this as being against international law, plain and simple,"Brigitte Zypries told the Funke Mediengruppe newspaper chain. "Of course we don't want a trade war. But it is important the European Commission now looks into countermeasures,” she added. According to the minister, “the Americans can not punish German companies because they operate economically in another country." Last week, both chambers of the US Congress decided to impose new sanctions against Russia over its Crimea reunification and alleged meddling in US elections. The bill has still to be signed by US President Donald Trump. This is the first time Washington has made a move against Moscow without European consent. The bill appears to target Russia’s Nord Stream-2 pipeline that will deliver natural gas from Russia to Germany. The proposed expansion would double the existing pipeline's capacity and make Germany EU's main energy hub. The legislation seeks to introduce individual sanctions for contributing in Russian energy projects and targets major sectors of Russia’s economy, including defense, railway, and banking industries.

How About Sanctions Against The United States?

By Andy Piascik for Z Net - As the United States imposes sanctions on Russia and moves to do likewise to Venezuela, it’s essential to keep in mind which country it is that’s the most destructive and dangerous in the world today. When such questions have been posed in international polls in recent decades, the answer overwhelmingly is the United States. Not Iran, North Korea, Syria, Cuba, Venezuela, Russia or any of the many other nations the ruling class and corporate media here regularly demonize, but the United States. People in the global South know this all too well from the long and brutal history of US foreign policy. Because we live in such a closed society, however, where critical analysis of imperialism is by definition excluded from discussions in Washington and the national media, people here must search long and hard for such information. Should information of this sort seep into the mainstream, ruling elites invariably vilify it and those imparting it just as they vilify international figures they regard as enemies. According to Washington, sanctions are being considered against Venezuela because of repressive measures and violence that is attributed almost exclusively to the government.

Urge Senators: End Sanctions, Negotiate Peace With North Korea

By Margaret Flowers and Kevin Zeese. On July 12, 2017, Senators Chris Van Hollen (D-MD) and Pat Toomey (R-PA) introduced legislation, called the BRINK Act, to increase sanctions against North Korea (DPRK). This time they are targeting banks and companies that do business with North Korea, including businesses in China. The sanctions are in response to unproven allegations that North Korea has the capability of reaching the United States with a missile. In fact, Russia sent information to the United Nations after North Korea tested a missile on July 4, 2017, showing that it was a mid-range, and not an inter-continental, missile. Sanctions will escalate tension with North Korea, as well as China and China’s close ally, Russia. Rather than punishment and threats, which have created insecurity that has predictably led to North Korea building weapons to protect itself, US policy should be seeking de-escalation, reduction of tensions and stability in the region.

Chicago Latest To Sanction Wells Fargo For Defrauding Customers

By Karen Pierog and Dave McKinney for Reuters - The Chicago City Council on Wednesday approved a one-year suspension for Wells Fargo & Co from city business because of its scandal over phony accounts, joining the states of Illinois and California in punishing the bank. The ban includes bond underwriting, brokerage, trustee and other services the bank has provided to the city. Wells Fargo has earned $19.5 million in fees from Chicago since 2005.

Vampire Squid Goldman Sachs Gets Away With $5 Billion ‘Non-Punishment’

By Deirdre Fulton for Common Dreams - Goldman Sachs—once described as "great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money"—has agreed to pay $5.1 billion to settle a U.S. probe into allegations that it misled mortgage bond investors during the financial crisis, the U.S. Justice Department (DOJ) said Monday. The penalty was swiftly denounced as a "non-punishment, non-accountability ritual that will do nothing to stop the Wall Street crime spree."

‘U.S. Attempts To Destabilize Maduro’s Gov’t Will Backfire’

President Obama has issued an executive order placing sanctions on seven Venezuelan officials for alleged human rights violations and political prosecution of opposition protesters since February 2014. The statement, which opens by describing, quote, "the unusual and extraordinary threat to the national security and foreign policy of the United States posed by the situation in Venezuela." Obama will order the freezing of the officials' assets and block their entry to the U.S. It has been denounced by several Latin American leaders. Bolivian President Evo Morales said, "We condemn, we repudiate, in the 21st century we won't accept this kind of intervention by the United States". Well, Ecuadorian President Rafael Correa said, "It must be a bad joke, which reminds us of the darkest hours of our America, when we received invasions and dictatorships imposed by imperialism."

Diplomatic Relations With Cuba & Sanctions For Venezuela

I think Venezuela is seen, certainly by this group of legislators that form a very small minority of the Congress but that hold very powerful positions on committees, Venezuela is seen as a bigger threat these days than Cuba, due to its rather large regional influence. And so they are now focusing more and more. They were very pleased to see see this legislation go through. And it made, I think, this opening towards Cuba slightly more palatable to these members of Congress. It is supported by some of the opposition. It's supported by what's sort of called the extremist or radical opposition, those who actually promoted the violent protests that took place back in March--February, March of this year. These protests, of course, involved a lot of violence that was carried out directly by protesters, and it's something that the mainstream media, of course, didn't cover very well at all.

One Step Forward, One Step Back In US-Latin America Policy

Venezuela has just joined Cuba as one of only two countries in the Western Hemisphere subject to U.S. sanctions. Legislation mandating sanctions against Venezuelan officials was approved by voice vote in the Senate on Dec. 8 and then sailed through the House on Dec. 10. On Dec. 18, just one day after his speech on a "new course" on Cuba, Obama signed the sanctions bill into law. Cuban-American Sen. Bob Menendez (D-N.J.), who authored the legislation, called it "a victory for the Venezuelan people." The trouble is, the people of Venezuela don't seem to agree with Menendez. A survey carried out by independent pollster Datanalisis showed that nearly three quarters of Venezuelans oppose U.S. sanctions. The Caracas-based human rights organization PROVEA — a frequent critic of Venezuelan President Nicolás Maduro — also vigorously rejects the measure. Other Latin American governments oppose the sanctions as well.
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