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Tag Archives: economic sanctions
Washington Announces Sanctions On Syrian Oil Industry
Washington Announces Sanctions On Syrian Oil Industry The U.S. Department of Treasury announced sanctions against five Syrian companies and four individuals on allegations of facilitating crude oil shipments and financing to the Assad government, Reuters reports, citing a statement by the department. One of the targets of the sanctions are businessman Muhammad al-Qatirji and a […]
Provocations Have A History Of Escalating Into War
Provocations Have A History Of Escalating Into War The Russian Government and President Putin are coming under pressure not from US sanctions, which are very good for Russia as they force Russia into independence, but from Russian patriots who are tiring of Putin’s non-confrontational responses to Washington’s never-ending insults and military provocations. Russian patriots don’t […]
Economic Crisis Looms In Iran As Sanctions Bite
Economic Crisis Looms In Iran As Sanctions Bite In a little over two months, painful U.S. sanctions on Iran’s oil sector will take effect, but the Iranian economy is already showing signs of strain. Iran’s currency, the rial, has fallen by more than half since the start of the year. There is now a thriving […]
Iran Sanctions, Emerging Markets And The End Of Dollar Dominance
Iran Sanctions, Emerging Markets And The End Of Dollar Dominance The trade war is a rather strange and bewildering affair if you do not understand the underlying goal behind it. If you think that the goal is to balance the trade deficit and provide a more amicable deal for U.S. producers on the global market, […]
“Thank God This Is Happening” Russia Says Time Has Come To Ditch The Dollar
“Thank God This Is Happening” Russia Says Time Has Come To Ditch The Dollar With the US unveiling a new set of sanctions against Russia on Friday, Moscow said it would definitely respond to Washington’s latest sanctions and, in particular, it is accelerating efforts to abandon the American currency in trade transactions, said Russia’s Deputy […]
US Imposes New Russia Sanctions; Will Stay In Place “Until Change In Russian Behavior”
US Imposes New Russia Sanctions; Will Stay In Place “Until Change In Russian Behavior” Having warned several weeks ago it would impose sanctions on Russia for its alleged use of the Novichok chemical agent in the UK, on Friday morning the US followed through with the threat when the U.S. released a notice of sanctions, […]
Russia Plans To Beat US Sanctions By Stockpiling Gold
Russia Plans To Beat US Sanctions By Stockpiling Gold The Russian government is not taking the United States’ sanctions lightly. Instead, they plan to beat all sanctions imposed by Washington, including any future sanctions, by stockpiling gold. The Russian central bank’s First Deputy Governor Dmitry Tulin said that Moscow sees the acquisition of gold as a “100-percent […]
Is Germany Moving SWIFT-ly To CIPS?
Is Germany Moving SWIFT-ly To CIPS? We have detailed how Russia and China have developed independent global payment systems that run parallel to the dollar based SWIFT system. We recently discussed how sanctions against Russia were actually “crushing the American empire“. The dollar based system is now obsolete and the entire world is questioning why […]
Sanctions, oil, and the emerging China-Russia-Iran axis
Sanctions, oil, and the emerging China-Russia-Iran axis Although China has backpedalled on proposed tariffs on U.S. crude imports, the move is indicative of its need to diversify sources and steps may now be taken to enable China to play the oil card in the future – including imports from Iran despite sanctions, and drawing closer […]
All Sanctions Against Russia Are Based on Lies
All Sanctions Against Russia Are Based on Lies All of the sanctions (economic, diplomatic, and otherwise) against Russia are based on clearly demonstrable intentional falsehoods; and the sanctions which were announced on August 8th are just the latest example of this consistent tragic fact — a fact which will be proven here, with links to […]
US Sanctions Foster Emergence of Multipolar World
US Sanctions Foster Emergence of Multipolar World Russia, Iran, China, and now Turkey are in the same boat, as all have become the target of US sanctions. But none of those nations has bowed under the pressure. Russia had foreseen the developments in advance and took timely measures to protect itself. The Turkish national currency, the lira, […]
“All Bets Are Off” – Ruble, Lira Crushed By US Sanctions
“All Bets Are Off” – Ruble, Lira Crushed By US Sanctions Emerging Market currencies are down broadly but the biggest losers (for now) are the Turkish Lira (record lows) and Russian Ruble (20-mo lows) as both suffer from US government actions. The Ruble has broken down to its lowest since Nov 2016 (US election)… The […]
Turkish Banks Scramble to Stave Off Debt Crisis, as Lira Plummets
Turkish Banks Scramble to Stave Off Debt Crisis, as Lira Plummets Too little, too late? Desperation is rising in Turkey’s banking sector following months of escalating political and financial instability. Benchmark interest rates have been hiked 10 percentage points so far this year to over 17%, making it much more expensive for companies and families […]
