Sanctions

The Darkest Hours: Power Outages Raise the Temperature in Venezuela

The crippling blackouts across Venezuela are a grim portent of things to come as U.S. oil sanctions kick in and the country’s crisis deepens. Phil Gunson ICG All concerned to end Venezuelans’ suffering should vigorously pursue a negotiated transition leading to a power-sharing deal. On Thursday 7 March, at around five in the afternoon, the lights went out in Venezuela. Within a couple of hours, as the tropical night descended, around 90 per cent of the country was plunged into ... Read More »

US Wants To Change The Law Of The Sea – Analysis

The US is frustrated by North Korea’s continuing violation of UN sanctions by using rogue vessels to import and export banned cargo, sometimes transferring the cargo at sea. Mark J. Valencia Eurasia Review So it wants to interdict suspect vessels on the high seas using force if necessary. The problem is that doing so without the consent of the flag state would violate the international law of the sea. John Bolton, the US National Security Advisor is taking the lead ... Read More »

Despite US Threats, Another Ally Mulls Russia’s S-400

Another US ally — and host of a critical Middle Eastern air base — is considering buying a high-tech Russian missile system. By Paul McLeary Breaking Defense What can Washington do about it? WASHINGTON The Trump administration’s promise last year to slap sanctions on countries who buy Russian military equipment appears to have done little to deter key allies. For months, American allies from India to Saudi Arania to Turkey have weighed absorbing the promised economic hit, while a new ... Read More »

Canada allows extradition case against Huawei executive to proceed

China, whose relations with Canada have deteriorated badly over the case, denounces the latest move to extradite Meng Wanzhou. sky news Canada has said it will allow the US extradition case against Huawei’s chief financial officer to go ahead. Meng Wanzhou, the daughter of Huawei’s founder Ren Zhengfei, was arrested last December at the request of the US, which has accused her of fraud linked to violating sanctions on Iran. She is currently on bail in Vancouver and will appear ... Read More »

All Eyes on Tangible Results from U.S.-North Korea Summit

The North Korean and U.S. leaders enter their second summit under pressure to achieve concrete progress toward their respective goals, sanctions relief and denuclearisation of the Korean peninsula. Crisis Group senior adviser Chris Green suggests risk reduction measures each side can take. What has happened since the first U.S.-North Korea summit in Singapore? At the conclusion of the Singapore summit last June, the U.S. and North Korea issued a statement calling for a new bilateral relationship, a stable peninsular peace ... Read More »

Mysterious Turkish Firm Helped Maduro Move $900 Million in Gold

Two months after Venezuelan President Nicolas Maduro visited his counterpart Recep Tayyip Erdogan in Ankara, a mysterious company called Sardes sprang into existence. Bloomberg The firm started business with a bang in January of 2018, when it imported about $41 million worth of gold from Venezuela, the first such transaction between the two countries in records that go back 50 years. The next month its volume more than doubled, with Sardes transporting almost $100 million worth to Turkey. By November, ... Read More »

INSTEX: Europe sets up transactions channel with Iran

Germany, France and the UK have set up a payment channel with Iran called INSTEX, to help continue trade and circumvent US sanctions. DW Washington has cautioned EU nations against such actions. Several European countries have set up a new transaction channel that will allow companies to continue trading with Irandespite US sanctions. The announcement was made on Thursday. The channel, set up by Germany, France and the UK, is called  INSTEX — short for “Instrument in Support of Trade Exchanges.” “We’re making ... Read More »

On Thin Ice: The Iran Nuclear Deal at Three

Remarkably, the Iran nuclear deal has survived the Trump administration’s withdrawal. ICG Now it must weather 2019, its year of greatest peril, as mounting U.S. pressure tests Iranian patience. With Europe’s help, Tehran must keep sticking to the agreement in anticipation of sunnier times ahead. What’s new? The Iran nuclear deal is entering its fourth year of implementation, with Iran remaining in full compliance with its obligations. Meanwhile, the Trump administration, which unilaterally withdrew the U.S. from the deal in ... Read More »

Kim calls for corresponding US measures, ready to meet Trump

North Korean leader delivers annual New Year’s Day speech laying out Pyongyang’s top priorities for the 12 months ahead. Al Jazeera and News Agencies North Korean leader Kim Jong-un has renewed his commitment to denuclearisation but warned that he may have no option but to seek an alternative course if the United States does not take corresponding measures and… Kim made the comments on Tuesday during his annual New Year’s Day address laying out Pyongyang’s top priorities for the… In ... Read More »

US sanctions are ‘economic terrorism’: Rouhani

Iran‘s President Hassan Rouhani said US sanctions were “economic terrorism”, as he sought to foster a united front from visiting regional officials on Dec. 8. TEHRAN – Agence France-Presse Hurriyet Washington has reimposed an oil embargo and other damaging sanctions on Iran since pulling out in May from a landmark 2015 nuclear deal between Tehran and major powers. “America’s unjust and illegal sanctions against the honourable nation of Iran have targeted our nation in a clear instance of terrorism,” Rouhani said in a televised speech. He was speaking at a conference on terrorism and… ... Read More »

Justin Trudeau Conflating BDS With Anti-Semitism Is Dangerous

As Canadian scholars, we urge Trudeau to retract his wrong-spirited comments that demonize the work students, community members and activists have done. Sarah Ghabrial and Elena Razlogova HuffPost On November 7, Prime Minister Justin Trudeau issued a well overdue apologyon behalf of all Canadians for the rejection of the MS St. Louis in 1939. Canada’s refusal to allow more than 900 refugees, mostly German Jews fleeing Nazism, to disembark at Halifax was only one part of a systematic government effort to ... Read More »

UK to sell ‘UNLIMITED’ amount of military equipment to China in MASSIVE rebuke to Trump

A UK DEFENCE company is preparing to sell an “unlimited quantity of goods” to the Chinese military, including advanced radar technology and tracking systems, in a possible challenge to the Trump administration which has imposed massive sanctions on the… James Bickerton Express The revelation was made by the South China Morning Post, based on information from within the UK’s Department for International Trade. According to the leak, a UK company, which hasn’t been identified, has been granted an Open Individual ... Read More »

Rouhani says new U.S. sanctions have no effect on Iran economy

Iranian President Hassan Rouhani said on Nov. 10 that U.S. sanctions announced last week have had no effect on Iran’s economy because Washington had already practically reimposed them earlier. DUBAI – Reuters Hurriyet The restoration of sanctions is part of a wider effort by U.S. President Donald Trump to force Iran to curb its nuclear and missile programs as well as its support for proxy forces in Yemen, Syria, Lebanon… “The sanctions have had no impact on our economy because America had already used all the weapons at its disposal and there was nothing ... Read More »

Iranian hardliners dig in as US sanctions snap back

Rouhani’s government is working to salvage the 2015 Iran nuclear deal, but Iranian hardliners are digging in for resistance By ALISON TAHMIZIAN MEUSE Asia Times Iranian President Hassan Rouhani vowed on Monday to defy United States sanctions on the country’s petroleum sector, even as the conservative Guardian Council went further – rejecting a bill meant to relieve US pressure. Rouhani said Iran would “proudly bypass” the US sanctions in a televised speech on state TV as the 180-day deadline passed. Brigadier ... Read More »

Iranians feel the pressure of new US sanctions

After the latest round of US sanctions, ordinary Iranians are likely to suffer the most. Wesley Rahn, Mitra Shodjaie DW While some optimism remains about back door support through oil exports, the long-term outlook for Iran’s economy remains dire. The full force of US sanctions on Iran was re-imposed Monday in an attempt to isolate the country’s leadership and force a change in its behavior by crippling the Iranian economy. Iran has been absorbing a series of domestic crises even before the ... Read More »

Iran’s Khamenei says the world opposes Trump’s decisions

Iran’s top leader said on Saturday U.S. President Donald Trump’s policies face opposition across the world as Washington prepared to reimpose sanctions on Iran’s vital oil-exporting and financial sectors, state television reported. DUBAI – Reuters Hurriyet Ayatollah Ali Khamenei also said Iran’s arch-adversary the United States had failed to reassert its domination over Iran since the country’s 1979 Islamic Revolution that toppled the U.S.-backed Shah. “The world opposes every decision made by Trump,” Iranian state television quoted Khamenei as saying during a meeting with thousands of students. “America’s goal has been ... Read More »