"Economic sanctions" refer to penalties or restrictions imposed by one country or group of countries on another country to encourage it to change its behavior or policies. These penalties mainly target the economy of the sanctioned country, such as restrictions on trade, investments, or financial transactions, to exert pressure and achieve desired outcomes.
Full definition
To put it another way, would you rather see your nation's environment, biodiversity and agricultural security permanently damaged, or endure a few years
of economic sanctions?
The most popular option was «greater diplomatic pressure on the Syrian regime» such
as economic sanctions, which was backed by 48 % of likely voters.
Matt Gold, a professor at Fordham University School of Law, said the statute has allowed the United States to
impose economic sanctions on nations like Iran and Sudan and tends «to involve restrictions on U.S. firms investing in those countries or doing business with firms of those countries.»
The 2015 Iran Nuclear agreement, which Israel's government vehemently opposed, is in danger of unraveling should U.S. President Donald Trump decide by May 12 to restore
U.S. economic sanctions against Iran.
President Donald Trump's administration moved quickly to try and
lift economic sanctions on Russia and other punishments former President Barack Obama had put in place as soon as it took office in January, according to multiple sources who have spoken with Yahoo News.
Reuters reported last month that the FBI was examining whether Russians suggested during Kushner's meeting with Gorkov at Trump Tower the lifting or relaxing of
economic sanctions in exchange for Russian banks financing business ventures of Trump's associates and family.
Dominic Schnider of UBS Wealth Management says an already tight oil market could see further price gains if the U.S. decides not to continue issuing waivers on
economic sanctions for Iran.
He calls MH370 the unfortunate target of a retaliation ploy by Russian leadership — a sinister response to the
US economic sanctions against Russia:
Experts feel that the hackers from North Korea shall channelize these stolen coins for funding their local government which has been experiencing tough times courtesy the stringency in
economic sanctions from global bodies.
Mr. Mullick has a broad range of experience providing counsel to companies on export control matters administered by the Bureau of Industry and Security (BIS) under the Export Administration Regulations (EAR), the Directorate of Defense Trade Controls (DDTC) under the International Traffic in Arms Regulations (ITAR), the Department of Energy's rules on nuclear exports under Part 810, as well as
economic sanctions administered by the Office of Foreign Assets Control (OFAC).
Borkovic counsels U.S. and international clients on law and policy affecting international trade and business,
including economic sanctions programs, export controls, and anti-bribery and anti-money laundering laws and regulations.
Consider this: U.S. and United Nation (UN)
economic sanctions placed on North Korea due to their nuclear proliferation agenda has devastated the populace.
For one thing, Venezuelan President Nicolas Maduro blatantly advertises this new crypto token as a tool to
circumvent economic sanctions, levied due to his government's massive corruption and human rights abuses.
The deal lifted
crippling economic sanctions on Iran in exchange for strict limits on its nuclear development program, which the international community feared Tehran could use to build a bomb.
According to the Financial Times, Sergei Glazev, an economic adviser to the president, told a government meeting that the cryptocurrency would serve as a «useful tool» to evade
western economic sanctions.
WASHINGTON — The White House says a decision on
new economic sanctions against Russia will be made soon — not committing to an announcement Monday that U.N..
Treasury Secretary Steven Mnuchin said that the Trump administration's
tough economic sanctions against North Korea are the reason leader Kim Jong Un is considering peace talks.
Speculation that he had stuffed the ballot box led the European Union to place an arms embargo and
other economic sanctions on Zimbabwe.
Trump's plan to
reimpose economic sanctions offers some hope that Iran will curb its military spending, but a major obstacle is that most European governments, which barely tolerate Israel, are more interested in appeasing the mullahs.
a major global payments company in a multijurisdictional internal investigation, voluntary disclosure and settlement with OFAC regarding the company's compliance with U.S.
economic sanctions laws involving Iran and other countries;
Recently, there have been reports of North Korea, Russia and Venezuela all looking into separate mechanisms for avoiding
economic sanctions through the use of cryptocurrencies.
Trump has called for working more closely with Russia, and so it's likely that he could
relax economic sanctions against the country if President Vladimir Putin is willing to negotiate with him on a deal.
Osborne sent a letter in 2012 to Ben Bernanke, the chairman of the U.S. Federal Reserve, in an attempt to help HSBC's leadership avoid criminal charges over the bank's involvement in laundering drug money and in channelling money to countries
under economic sanctions.
of North Korea, Russia and Venezuela all looking into separate mechanisms for
avoiding economic sanctions through the use of cryptocurrencies.
The rial has lost almost half its value since September, partly due to fears of a return of
economic sanctions if U.S. President Donald Trump carries out his threat to exit a nuclear deal with Tehran.
Russian annexed Crimea from Ukraine in 2014,
triggering economic sanctions by the European Union and United States and a tense stand - off in the region.
Richard Martin of IMA Asia says North Korean leader Kim Jong Un is working toward
getting economic sanctions on his country lifted.
Foreign Affairs Minister Lloyd Axworthy said that diplomatic actions,
not economic sanctions, are the answer to solving the East Timor crisis.
In response to recent attacks, the Obama Administration issued an executive order directing an assessment of
potential economic sanctions against nation - states (sup > 3 and individuals in those states that are identified as having been involved in cyberattacks against U.S. corporations.
This is another of the many ironies facing those who attempt to
use economic sanctions to improve the openness of communication.
Pursuant to
economic sanctions programs, SpicePay is prohibited from providing services or entering into relationships with certain individuals and entities.
Last, the study notes the need to prevent the illicit use of bitcoin and other cryptocurrencies to get
around economic sanctions imposed by the United States or other nations.
The country's regulatory stance on cryptocurrencies, however, is noteworthy because the government, under the restrictive regime of Nicolás Maduro, is seeking to
skirt economic sanctions imposed on Venezuela by announcing its own oil - backed «petro» cryptocurrency.
Alison Evans, deputy head of Asia - Pacific country risk at IHS Markit, said Wednesday that the reaction probably meant that China was likely to continue to press for diplomacy
over economic sanctions, which the United Nations, U.S. and Europe and a variety of other nations have already placed on North Korea.
Trump doesn't like the Iran deal, a 2015 agreement between the US, Iran, and European and Asian powers that lifted a series of
punishing economic sanctions in exchange for Tehran accepting strict curbs on its nuclear - related activities.
Companies in Asia must continuously reassess their risk - based sanctions compliance and update screening programmes to ensure that they fully incorporate new and evolving
global economic sanctions restrictions.