SANCTIONS

U.S. stops Russian bond payments in bid to raise pressure on Moscow

U.S. stops Russian bond payments in bid to raise pressure on Moscow

PEJOURNAL - The United States stopped the Russian government on Monday from paying holders of its sovereign debt more than $600 million from reserves held at American banks, in a move meant to ratchet up pressure on Moscow and eat into its holdings of U.S. dollars. Under sanctions put in place after Russia invaded Ukraine on Feb. 24, foreign currency reserves held by the Russian central bank at U.S. financial institutions were frozen. But the Treasury Department had been allowing the Russian government to use those funds to make coupon payments on dollar-denominated sovereign debt on a case-by-case basis. On…
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The sanctions system is collapsing

The sanctions system is collapsing

PEJOURNAL - An American journal has published research articles explaining the ineffectiveness of UN Security Council sanctions, stating that a number of factors, including China and Russia's opposition to the sanctions, have been implicated.Foreign Policy Magazine writes that the UN sanctions system is facing challenges that have hampered its effective functioning. China and Russia's opposition to the sanctions, along with efforts by countries such as South Sudan and South Korea to intimidate and harass experts involved in identifying sanctions violations, has been influential.The UN Security Council first targeted a country in 1966 with economic sanctions.At the time, the Security Council…
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Necessity of forming the club of countries countering US sanctions

Necessity of forming the club of countries countering US sanctions

PEJOURNAL - Some 30 countries of the world with more than one and a half billion people are presently under the sanctions of the United States in various forms. Iran, China and Russia are the most significant of these countries. In addition to governments, some economic giants and cartels such as companies involved in the construction of the Nord Stream 2 gas pipeline as well as Turkey, as a US ally in NATO, have been also exposed to lesser extents to the US sanctions. Even though there are news recently about the formation of a global coalition among the countries…
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The main way to deal with sanctions is to neutralize them, the world is not just the United States

The main way to deal with sanctions is to neutralize them, the world is not just the United States

PEJOURNAL - Rostam Ghasemi, the economic deputy of the Quds Force and former Iranian oil minister, said at a meeting to review the oppressive sanctions against Iran: "The main problem of the country right now is the economic and livelihood of the people who have problems in this area." He added: "The Supreme Leader of Iran has always had an economic name in the past, which shows the importance of this issue." The economic deputy of the Quds Force stated that over 80% of the people in the poll prioritized the economic issue over other issues and demanded in this…
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Sanctions must be neutralized, and the first step in foreign relations should be taken toward neighbors

Sanctions must be neutralized, and the first step in foreign relations should be taken toward neighbors

PEJOURNAL - We have approached Mr. "Rostam Ghasemi" to ask questions to review the various dimensions of his personality, record and plans as someone who considers himself qualified to accept the responsibility of the President of the Islamic Republic of Iran. The details of this conversation are as follows: I think since you have talked less with the media so far, it is better to have a brief introduction of yourself first. In the name of God, Most Gracious, Most Merciful. I have been working for a long time in the field of construction in different parts of Iran as…
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US sanctions against Iran under Trump

US sanctions against Iran under Trump

BY: Political Economy Journal PEJOURNAL - U.S. government under Trump imposed many sanctions on Iran to force the Islamic Republic to accept the security interests of the West. This note assesses the characteristics of these sanctions. On May 8, 2018, US President Donald Trump kept his promise to leave JCPOA. The move marked the beginning of a policy called "maximum pressure" to force Iran to negotiate favorably with the West in the nuclear, missile and regional spheres. Sanctions, number and objectives The Trump government had imposed sanctions on Iran six times before leaving JCPOA, but then imposed sanctions on Iran…
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Turkey Rejects EU Threat of Sanctions over Eastern Mediterranean

Turkey Rejects EU Threat of Sanctions over Eastern Mediterranean

PEJOURNAL - The European Union could impose sanctions on Turkey if Turkish "provocations and pressures" continue in the East Mediterranean. European Commission President Ursula von der Leyen said on Friday after a meeting of the 27-nation bloc's leaders, "We want a positive and constructive relationship with Turkey, and this would be also be very much in Ankara's interest." "But it will only work if the provocations and pressures stop. We therefore expect that Turkey from now on abstains from unilateral actions. In caser of such renewed actions by Ankara the EU will use all its instruments and options available," she…
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The Flawed U.S. Effort to Revive Iran Sanctions

The Flawed U.S. Effort to Revive Iran Sanctions

BY: David J. Scheffer PEJOURNAL - The United States has announced the reimposition of international sanctions against Iran that had been lifted under the 2015 nuclear deal, known as the Joint Comprehensive Plan of Action (JCPOA). But the parties to the deal, including China, France, Germany, Russia, and the United Kingdom, say the United States cannot unilaterally invoke “snapback” sanctions because it withdrew from the JCPOA in 2018. The Donald J. Trump administration says the move is essential to prevent Iran from developing nuclear arms, and an executive order issued on September 21 imposed new sanctions on over two dozen…
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U.S. Resolution for indefinite weapon sanctions on Iran

U.S. Resolution for indefinite weapon sanctions on Iran

The United States has shared a draft resolution with members of the United Nations Security Council that would extend a weapon sanctions on Iran indefinitely, according to diplomats. With the ban on arms transactions with Iran set to expire in October under terms of the 2015 nuclear deal, the U.S. draft calls on all countries to “prevent the direct or indirect supply, sale, or transfer” of weapons to and from the Islamic Republic unless a Security Council committee approves it at least 30 days in advance on a case-by-case basis, according to a copy of the text obtained by Bloomberg.…
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American sanctions and global economic crisis

American sanctions and global economic crisis

BY: Pooya Mirzaei PEJOURNAL - U.S. new sanctions on Iran, Russia, Venezuela and N. Korea and tariff conflicts with China and E.U. is going to be a part of daily news. Broadening the criteria of sanctions and putting concentration on financial systems, not only decreases the effect of the sanctions in wider view but also makes the policy makers of the targeted countries to reach to this conclusion that for preventing the collapse of international economy, global financial system generally and common global trade currency (USD) specially must be replaced with more independent alternatives. If we look at U.S. financial…
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