“Whole industries and large enterprises in key sectors of the Russian economy have been slapped with sanctions… So, American investors stopped investing in those sanctioned industries and started searching for other opportunities. As a result, American investments in Russia during the period increased because… the American business aims at obtaining …
Read More »A Western-backed war couldn’t destroy Syria, now sanctions are starving its people
As Syrian analyst Kevork Almassian noted, “Were it not for the CIA regime change war, arming & training tens of thousands of multinational terrorists, draconian sanctions, foreign occupation of North & East, looting the oil & burning the wheat, Syria would’ve now a brilliant economy & high standard of living.” …
Read More »Iran says it’s reached agreement with US on lifting of Trump-era economic sanctions
A breakthrough in Vienna will bring much-anticipated relief to the Iranian oil sector, which has been officially cut from the global energy market. “Some minute technical, political, legal, and practical issues remain,” Saeed Khatibzadeh, spokesman for the ministry said, adding “No task was impossible for the negotiators, and there’s no …
Read More »US sanctions on Russia’s sovereign debt come into force
In April, US President Joe Biden signed an executive order authorizing the imposition of yet more restrictions. The move signaled a further expansion of Washington’s existing sanctions policy on Moscow, which is aimed at cutting off Russia from the global financial markets. The new restrictions bar American investors from directly …
Read More »Venezuela accuses US of blocking its access to Covax vaccines with sanctions
The statement made by the Venezuelan government official during a televised broadcast claimed that the US is blocking “resources that can be used to immunise the population of Venezuela” with sanctions that prohibit payments to the international Covax scheme. President Nicolas Maduro’s government declared in March that it had paid …
Read More »US sanctions become blessing in disguise for Iran’s energy sector
Shortly after the US Department of Justice announced on Monday that two million barrels of impounded Iranian oil had been sold for $110 million, a pair of suspicious fires broke out affecting Iranian infrastructure. The first, striking the country’s biggest warship, the IRIS ‘Kharg’, eventually caused the vessel to sink …
Read More »US sanctions against Moscow are a ‘persistent risk’ but national reserves can withstand everything, says Russian Central Bank head
This is according to Elvira Nabiullina, the governor of Russia’s central bank. “That’s why our monetary policy, as well as fiscal policy and whole macroeconomic policy, is quite conservative,” she told American broadcaster CNBC, noting that Russia has reserves big enough “to withstand all financial scenarios or geopolitical scenarios.” Russia …
Read More »Use of tough sanctions against Russia amounts to ‘war,’ but neither Washington nor Brussels prepared for battle, says Rostec CEO
Speaking to business daily RBK, Sergey Chemezov said the current sanctions against Russia “definitely cannot be called soft,” noting that they have certainly had an effect on the economy. “They have done everything possible to make life difficult. Very tough sanctions are, in fact, war. And we must be, of …
Read More »Russia may be cut off from SWIFT banking payment system as part of West’s ‘spiral of sanctions,’ warns country’s foreign ministry
“It’s no secret that there are threats, primarily from the United States, to disconnect Russia from the SWIFT system,” said Dmitry Birichevsky, director of the Economic Cooperation Department of the Russian Foreign Ministry. Speaking on RIA Novosti on Monday, the diplomat noted that Russia has concerns that SWIFT could get …
Read More »EU pledges aid to an anti-Damascus region in the name of Syrian sovereignty but sanctions Assad government for being sovereign
Right after pledging a humanitarian-aid package of some 26 million euro on Wednesday to the Kurdish-controlled breakaway region of Northeastern Syria (NES), EU authorities on Thursday renewed punitive sanctions against the Syrian government of Bashar Assad. That same day, the Syrian leader won re-election as president in a landslide victory, …
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