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 ?
In this context, EU leaders unanimously agreed to maintain the economic sanctions on Russia.
"On December 21, 2018, the Council extended economic sanctions against specific sectors of the Russian economy until July 31, 2019," it noted in a statement, TASS reported.
Tehran [Iran], Dec 13 ( ANI ): Iran's Supreme Leader Ayatollah Ali Khamenei on Wednesday accused the United States of attempting to plunge Iran into chaos by trying to stage a civil war in the country with the help of economic sanctions and security issues.
"Economic sanctions will impose pain on North Korea, but it is not clear whether it will be sufficient to cause Kim Jong-un to change his mind.
The Human Rights official has pledged to provide the technical assistances and the capacity building besides, working out the necessary recommendations to continue the improvement of human right s situation in Sudan and provision of the requested assistances for a total lifting of the economic sanctions imposed on the country .
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 .
Even when economic sanctions are in place, we must keep the door open.
Republican People's Party (CHP) deputy Utku EcakyrE[micro]zer asked EcavuE-oy-lu why Turkey did not follow suit after Europe applied economic sanctions on Russia over its annexation of Crimea.
14 (Petra)-- The European Union extended on Thursday its suspension of economic sanctions against Iran for two weeks, a technical measure to give time for the implementation of a nuclear deal between Tehran and world powers that officials say is imminent.
Increasingly, the United States is using economic sanctions to promote American foreign, political, and economic policy objectives.

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