Economic sanctions

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Economic sanctions are commercial and financial penalties applied by one or more countries against a targeted self-governing state, group, or individual, usually for political reasons.

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F[edit]

  • President Trump strengthened the 60-year US blockade against my country, implementing 90 economic measures against Cuba between January 2019 and March 2020 alone. These measures have targeted the main sectors of the Cuban economy, including our financial transactions, tourism industry, energy sector, foreign investments - which are key for the development of the Cuban economy - and the medical cooperation programmes with other countries. These unilateral coercive measures are unprecedented in their level of aggression and scope... stopping Cuba from getting much-needed medical supplies... the US has imposed restrictions on banks, airlines and shipping companies to stop Cuba from receiving materials that other countries are donating or sending to Cuba.
  • In April, the Alibaba Foundation of China tried to donate masks, rapid diagnostic kits and ventilators to Cuba, but the airline contracted by Alibaba to transport those items to Cuba refused to take the goods because they were afraid the US would sanction them. A ship recently arrived in Cuba with raw materials to produce medications but it decided not to unload... out of fear it would be sanctioned by the US government. So this is why we say we are suffering from two pandemics: COVID-19 and the US blockade. For that reason, it is so important that people of goodwill around the world continue to raise the demand to end the blockade of Cuba and to forcefully assert that these are times for solidarity and cooperation, not sanctions and blockades.

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  • Denying medicines to Iran and Venezuela is a crime against humanity... One of the most truly despicable aspects of the coronavirus is how it is being exploited by Washington to punish countries like Iran and Venezuela, currently the enemy-designates of the inside the Beltway crowd... If the United States were to make a serious effort to actually help the Iranian people by suspending sanctions and helping to expedite medical assistance it might actually produce a genuine thaw in a relationship that has been unnecessarily locked... Waging war on innocent people should not in any event be what the United States of America is all about. A shift in policies that actually demonstrates that Washington might be interested in saving lives rather than destroying them would be welcomed by most of the world and also by many Americans.

K[edit]

  • For far too long, American politicians have been sanctions-crazed.... Last month, the Trump administration sanctioned Mexican companies for seeking to supply food to Venezuela.... Three senators introduced a bill designed to punish countries that accept help from Cuban doctors, which would include Italy, Ukraine, Jamaica, and South Africa.... Leaders of countries suddenly facing the threat of punishment for accepting Cuban doctors have reacted with anger and incredulity... it would leave more than 50 countries with the choice of either expelling Cuban doctors at a moment of global pandemic or facing American opprobrium. The prime minister of tiny Antigua and Barbuda, Gaston Browne, protested that his country relies on Cuban doctors and pointedly added, “Those who would like us to do otherwise should undertake to fill the breach.” ...Most remarkably, Congress is moving to sanction Germany, a major ally for generations, because it is building a gas pipeline to Russia.
  • Cuba, along with China, is sending doctors and supplies to a number of countries around the world to help them fight the pandemic... Washington is demonstrating the very opposite... removing all of its Peace Corps staff from around the world, and, even worse, increasing sanctions against countries like Cuba, Iran, Venezuela and Nicaragua during the height of the COVID-19 outbreak. It is accurate to say that the U.S. is weaponizing the virus against these countries...
    As a number of religious scholars have warned, “plagues expose the foundations of injustice” in our societies. The current pandemic is exposing not only our government’s utter failures to protect its own citizens, but also its profound lack of human decency in dealing with other nations
  • Today, the Trump administration is capitalizing on the global coronavirus pandemic to increasing pressure against sanctioned nations including Venezuela, Cuba, Iran and Syria; adding to a long list of nations — including Russia, China, Nicaragua and North Korea — that now represent the quarter of the world’s population living under the boot of U.S. economic warfare. The continuation of these sanctions during a deadly pandemic has revealed the true nature of the maximum pressure campaign that is not only hurting economies but killing millions of people... Eight of these targeted nations have made an appeal to the international community, penning a letter to the United Nations Secretary-General, the UN’s High Commissioner on Human Rights and the Director-General of the World Health Organization calling for an end to the unilateral American economic blockade, calling U.S. sanctions “illegal” and a blatant violation of international law and the charter of the United Nations.
  • Sanctioning Venezuela's nationalized oil industry, which supports the Maduro regime, or limiting Iran's access to international financial institutions to discourage nuclear weapons development may sound like straightforward ways to coerce bad actors in these two countries without harming civilians. But the reality of sanctions isn't that simple. They're often unintentionally inhumane and rarely effective. Sanctions may be a lesser evil than war, but that does not mean they cannot be cruel.

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  • Collective punishment of entire nations is immoral and wrong... Collective punishment can cause the people targeted by it to become more nationalistic, and in countries with a strong nationalist tradition this is even more likely.... When the U.S. government is seeking to make them miserable and poor, Iranians are unlikely to take enormous risks to do Washington’s bidding by toppling their own government. The overuse of sanctions is itself an abuse of power... The impulse to sanction one country after another is the same impulse behind wanting to “do something” militarily against this or that regime: we do it because we can and because we think we have the right to do whatever we want to others. The same arrogance and the same contempt for the sovereignty of other nations are on display. We should be opposed to the interventionists that want to use American military power to cause unnecessary death and destruction in other parts of the world, and in the same way we should reject the capricious and cruel use of economic sanctions to inflict misery and suffering on tens of millions of innocent people.

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  • Since the start of the great recession in 2008 the U.S. has become increasingly dependent on the use of unilateral economic sanctions to achieve its policy objectives against its declared targets. Presently, sanctions impact one-third of humanity in 39 countries. Economic sanctions not only cause untold death and devastation to a given country by denying it access to U.S.-dominated markets—which restricts its ability to generate wealth, stabilize its currency against price fluctuations and provide critical services and resources for its people—but economic sanctions also serve to justify and conceal theft, through asset freezes and seizures, at a rate only previously accomplished through invasion and occupation. The victims of economic sanctions are easy to identify because they are visible—there are dead bodies and malnourished children, with stunted growth and development, in once-thriving communities. They constitute the underemployed and working-class and are predominately people of color.
  • When analysis is done to uncover the big winners of U.S. economic sanctions it is learned that ExxonMobil and JP Morgan Chase Bank are often front and center; case in point, Iran, Iraq, and Venezuela. Also, consider that JP Morgan Chase Bank did very well in the 2008 collapse through vulture capitalism. Fortunately, U.S. economic sanctions contain the seeds of their own undoing, since they engender the expansion of foreign reserve currencies at the expense of the U.S. dollar, and the phasing out of the U.S. money transfer system (SWIFT) to alternate foreign models such as Russia’s System for Transfer of Financial Messages (SPFS).... Since millions of lives are at stake now, it is imperative that secondary sanctioned countries, business owners, workers, and elected officials join together with sanctioned countries and peace activists to end economic sanctions. The oligarchy must be stopped from literally stealing the wealth of the world.

See also[edit]

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