In June, Washington threatened Beijing with a sanctions regime, in response to China’s increased bilateral commodity trade with North Korea. Initially, the US sanctions were not intended to be against the Chinese government: selected Chinese banks and trading companies involved in the financing of China-DPRK commodity trade would be potential targets of US reprisals. Continue reading Imagine What Would Happen if China Decided to Impose Economic Sanctions on the USA?
Venezuelan President Nicolas Maduro has accused the US of trying to “defeat” and “intervene in” his government, after Washington labeled Caracas a national security threat and implemented sanctions against seven of its officials.
China’s soft power continues to gain ground…
Although China can surely produce and supply its own need for pork, she opted to buy them from far-off Finland, a country which complied with the Cabal’s economic sanction against Russia, and subsequently suffered from the latter’s retaliatory ban against European products.
The only other option is to trigger war, and that’s how a typical bully behaves.
Sanctions bite-back: Bickering, EU infighting over Russia retaliation
Edited time: August 11, 2014 10:55
There is growing dissent in the EU over policies that led to a de fact trade war with Russia. Meanwhile the countries not toeing the line are reaping the benefits, irritating those who jumped on the sanctions bandwagon.
Greek members of the European Parliament demanded Sunday that the EU cancel sanctions against Russia. MEPs Kostantinos Papadakis and Sotiris Zarianopoulos said in a letter to some senior EU officials that Russia’s ban on food import from the EU, which was Moscow’s response to anti-Russian sanctions, was ruinous to Greek agriculture.
“Thousands of small- and middle-sized Greek farms producing fruit and vegetables and selling them primarily to the Russian market have been hit hard now as their unsold products are now rotting at warehouses,” the letter said.
The MEPs are representing the Communist Party of Greece and blame the EU leaders and their own government for supporting what they called “an imperialist intervention by the US, the EU and NATO” in Ukraine at the expense of good relations with Russia.
Greece is one of the EU members hit hardest by the Russian import ban, partially due to its economy still being in turmoil. Greek farmers stand to lose an estimated 200 million euro in direct damages due to Russia’s move, with more long-term consequences expected even if year-long ban is not renewed on expiry. The producers may find it very hard to win back the market share they had before the ban as non-affected countries would certainly weight in.
Europe Furious That Putin Dares To Retaliate To Sanctions, Blames Economic Slide On Kremlin
Submitted by Tyler Durden on 08/07/2014 10:14 -0400
Either Europe is run by a bunch of unelected idiots, or… well, that’s about it.