economic sanctions

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Trade Sanction

One or more trade barriers that a country places upon another country as a punitive action. A country may institute a trade sanction because it disagrees with its trade policies; for example, if country A subsidizes domestic corn so that it reduces demand for country B's imports, country B may restrict the import of country A's wheat as punishment. Alternatively, a trade sanction may occur when two countries disagree on a more fundamental level. A trade sanction should not be confused with an economic sanction.

economic sanctions

bilateral or multinational prohibitions (embargoes) on the EXPORT and IMPORT of goods, services and capital to and from a particular country Economic sanctions are applied as an adjunct to political pressure being brought to bear on a country by the international community for that country to change its political/economic policies.
References in periodicals archive ?
The US vice-president said: "The United States of America will soon unveil the toughest and most aggressive round of economic sanctions on North Korea ever - and we will continue to isolate North Korea until it abandons its nuclear and ballistic missile programmes once and for all.
China and Russia have long been rivals of the US in international affairs and while they officially support the UN Security Council decision for economic sanctions, certain sectors of their economy are not above dealing with North Korea.
The post EU to agree extending economic sanctions on Russia till mid-2018 appeared first on Cyprus Mail .
The economic sanctions prolonged with the decision notably:
EcavuE-oy-lu responded by saying that Turkey does not, on principle, impose economic sanctions, highlighting that Turkey did not even respond in kind to Russian economic sanctions on Turkey after the downing of a Russian jet by Turkey in late November.
The European Council representing EU governments in Brussels said in a statement that its decision to fully lift economic sanctions on Iran would come as soon the International Atomic Energy Agency agreed that Iran has taken the necessary steps.
Join The Knowledge Group and its notable panel of experts and professionals offering the audience an overview of the current state of Economic Sanctions placed by the United States.
March 21, 2015 (KHARTOUM) - Experts of the Committee of Intelligence and Security Services of Africa (CISSA) will meet in Khartoum on Monday to discuss the impact of economic sanctions on national security.
A specialist in economic sanctions compliance, Wong has held positions with Bank of America Merrill Lynch (NYSE: BAC), Goldman Sachs (NYSE: GS), and PricewaterhouseCoopers.
BNPP admitted to processing billions of dollars of transactions through the US financial system on behalf of Sudanese, Iranian, and Cuban entities subject to US economic sanctions.
China will definitely not support economic sanctions against Russia, Russia's permanent representative to the United Nations Vitaly Churkin said in an interview with a local TV Channel.

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