Tag Archives: Sanctions

Trump Kicks the Sanctions Can on Iran Oil, by Tom Luongo

Trump’s slithering away from full sanctions on Iran because the US can’t enforce them and it would disrupt the oil market the year before the 2020 election. From Tom Luongo at tomluongo.me:

Sanctions on Iran have failed. The weakness of the U.S. position in the oil markets is now complete. Donald Trump’s Energy Dominance strategy has failed.

The announcement by Secretary of State Mike Pompeo (R – The Eschaton) that no more sanctions waivers will be granted to importers of Iranian oil. Those that do so will face sanctions.

But let’s look at what is actually on the table. Waivers will be extended to a year from now during a ‘wind-down’ period. But, I thought these past six months were the ‘wind down’ period Don?

I told you these would get extended the minute they were granted. Because three of these countries — India, Turkey and China — are in open revolt over the policy.

And they have built plenty of infrastructure to get around these sanctions when or if they are ever implemented.

Three of the eight countries granted waivers — Italy, Greece and Taiwan — do not need waiver extensions as they’ve already cut their imports to zero.

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Trump Tells the Truth: Sanctions Cause People to Suffer, by Ron Paul

Sanctions can impose tremendous misery, rarely lead to the hoped for revolutions, and when they do, often help plunge the recipient nation into chaos. From Ron Paul at ronpaulinstitute.org:

This week President Trump admitted what the Washington policy establishment of both parties would rather be kept quiet. Asked why he intervened to block a new round of sanctions on North Korea, he told the media that he believes the people of North Korea have suffered enough. “They are suffering greatly in North Korea…And I just didn’t think additional sanctions at this time were necessary,” he said.

The foreign policy establishment in Washington, whether they are neocons, “humanitarian interventionists,” so-called “realists,” or even progressives have long embraced sanctions as a way to pressure governments into doing what Washington wants without having to resort to war.

During my time in Congress I saw many of my antiwar colleagues on the Left vote for sanctions because they believed sanctions are more “humane” than war. Neocons and other interventionists endorse sanctions because they know that sooner or later they will lead to war, their preferred foreign policy.

With his characteristic bluntness, President Trump has exposed this big lie. Sanctions are not a more humane alternative to war. They are just another form of war. In fact they are perhaps the cruelest form of war because they do not target the military of an adversary, but rather the innocent civilian population. As President Trump said, they make people suffer.

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Real Reason Trump Wants to Ban Huawei: US Wants to Spy and China Won’t Cooperate, by Mike “Mish” Shedlock

Huawei’s technology is for the most part better than its American counterparts, and unlike its counterparts, it won’t let the US government use its technology to spy. From Mike “Mish” Shedlock at moneymaven.io:

The UK, Germany, India, and the United Arab Emirates are among the countries resisting US pressure to Ban Huawei.

The New York Times reports U.S. Campaign to Ban Huawei Overseas Stumbles as Allies Resist.

Over the past several months, American officials have tried to pressure, scold and, increasingly, threaten other nations that are considering using Huawei in building fifth-generation, or 5G, wireless networks. Mike Pompeo, the secretary of state, has pledged to withhold intelligence from nations that continue to use Chinese telecom equipment. The American ambassador to Germany cautioned Berlin this month that the United States would curtail intelligence sharing if that country used Huawei.

But the campaign has run aground. Britain, Germany, India and the United Arab Emirates are among the countries signaling they are unlikely to back the American effort to entirely ban Huawei from building their 5G networks. While some countries like Britain share the United States’ concerns, they argue that the security risks can be managed by closely scrutinizing the company and its software.

The United States is not ready to admit defeat, but its campaign has suffered from what foreign officials say is a scolding approach and a lack of concrete evidence that Huawei poses a real risk. It has also been hampered by a perception among European and Asian officials that President Trump may not be fully committed to the fight.

Mr. Trump has repeatedly undercut his own Justice Department, which unveiled sweeping criminal indictments against Huawei and its chief financial officer with accusations of fraud, sanctions evasion and obstruction of justice. Mr. Trump has suggested that the charges could be dropped as part of a trade deal with China. The president previously eased penalties on another Chinese telecom firm accused of violating American sanctions, ZTE, after a personal appeal by President Xi Jinping of China.

One senior European telecommunications executive said that no American officials had presented “actual facts” about China’s abuse of Huawei networks.

The UK, Germany, India, and the United Arab Emirates are among the countries resisting US pressure to Ban Huawei.

The New York Times reports U.S. Campaign to Ban Huawei Overseas Stumbles as Allies Resist.

Over the past several months, American officials have tried to pressure, scold and, increasingly, threaten other nations that are considering using Huawei in building fifth-generation, or 5G, wireless networks. Mike Pompeo, the secretary of state, has pledged to withhold intelligence from nations that continue to use Chinese telecom equipment. The American ambassador to Germany cautioned Berlin this month that the United States would curtail intelligence sharing if that country used Huawei.

But the campaign has run aground. Britain, Germany, India and the United Arab Emirates are among the countries signaling they are unlikely to back the American effort to entirely ban Huawei from building their 5G networks. While some countries like Britain share the United States’ concerns, they argue that the security risks can be managed by closely scrutinizing the company and its software.

The United States is not ready to admit defeat, but its campaign has suffered from what foreign officials say is a scolding approach and a lack of concrete evidence that Huawei poses a real risk. It has also been hampered by a perception among European and Asian officials that President Trump may not be fully committed to the fight.

Mr. Trump has repeatedly undercut his own Justice Department, which unveiled sweeping criminal indictments against Huawei and its chief financial officer with accusations of fraud, sanctions evasion and obstruction of justice. Mr. Trump has suggested that the charges could be dropped as part of a trade deal with China. The president previously eased penalties on another Chinese telecom firm accused of violating American sanctions, ZTE, after a personal appeal by President Xi Jinping of China.

One senior European telecommunications executive said that no American officials had presented “actual facts” about China’s abuse of Huawei networks.

Moving Forward, Iran Outflanks the U.S. in Iraq and Beyond, by Tom Luongo

Sanctioning Iran is not going as envisioned and hoped for by the Trump administration. From Tom Luongo at tomluongo.me:

Iran has successfully navigated the first phase of its resistance to U.S. sanctions pressure. The U.S. State Department has admitted it’s goal of reducing Iran’s oil exports to zero is not feasible.

The goal now is a 25% drop to 800,000 barrel per day. And that is no joke. It’s a big drop from where Iran was looking to produce in the coming years under the auspice of the JCPOA.

The U.S. will not stop until all avenues have been exhausted or Trump fires his current cabinet.

Iran’s total non-oil exports have suffered as well, since gas condensate exports have also dropped along with the crude oil numbers.

But Iran is finding friends in other places. They are currently finalizing a free trade agreement with the Eurasian Economic Union (EAEU) with Belarus leading the talks at the 15th meeting between their Joint Economic Committee.

Iran’s non-oil exports, however, are still just one-fifth of their peak exports. Like Russia it is working quickly with regional partners to change that dynamic.

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The Slippage Continues – India Resists Trump On Everything, by Tom Luongo

The US’s confederated empire is slip-sliding away. From Tom Luongo at tomluongo.me:

With the U.S.’s attempt at regime change in Venezuela going nowhere fast it’s becoming increasingly obvious that major vassals allies aren’t scared of the consequences of defying us.

India, in particular, has been quite clear in its opposition to Trump’s edicts on who they can and cannot trade with. And with Prime Minister Narendra Modi reeling from a corruption scandal it’s clear he isn’t going to give Trump an inch on important trade issues, especially with Modi in full re-election mode.

Not only has India defied the U.S. over buying Iranian oil and Russian S-400 missile defense systems but now they continue to flaunt U.S. sanctions on Venezuela upping its purchases from 400,000 barrels per day to more than 600,000.

The quantity of exports to India has jumped 66 per cent to 620,000 barrels a day and the boost is being driven by refiners like Reliance Industries Ltd and Nayara Energy Ltd, backed by Rosneft, Russia.

Overall though, Venezuela’s crude exports have taken a dip as the US has intensified the sanctions against the Latin American nation’s oil company.

The response from the U.S. was the nearly inconsequential removing India from the Generalized System of Preferences which created tariff-free trade on a number of products between the U.S. and India.

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Globalists Want Venezuela As The Next Jewel In Their Crown, by Richard Enos

Who wouldn’t want one of the world’s biggest pools of oil? From Richard Enos at collective-evolution.com:

IN BRIEF
  • The Facts:Juan Guaidó, the 35-year-old leader of Venezuela’s opposition-controlled national assembly, recently declared himself president of Venezuela, as part of a globalist-backed coup in attempt to overthrow recently inaugurated president Nicolas Maduro.
  • Reflect On:What are the ways in which we are continuing to condone these geopolitical activities? Are we having trouble separating Western propaganda from our basic human values?

The attempted coup taking place in Venezuela right now is very instructive for those seeking to better understand the current geopolitical power struggle, as it is one of the most transparent illustrations of the well-worn tactics employed by the forces behind Western hegemony.

Ideologies such as ‘socialism,’ ‘economic growth’ and ‘democracy’ continue to be bandied about in mainstream discourse with the highest degree of distortion. This is often intentional in order to justify political and military action that simply enriches the global elite at the expense of humanity at large. The problem is that much of the general public in the West continue to support these tactics by failing to see the thinly-veiled hypocrisy inherent in them.

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“Very Dangerous”: US Seizes Venezuela Oil Assets, Renews Threat of Military Action, by Jessica Corbett

The US government attempts yet another regime change. This won’t end any better than it’s other recent efforts. From Jessica Corbett at theantimedia.org:

(CD— The Trump administration intensified its interference in politically-fractured Venezuela on Monday by announcing the seizure of billions of dollars in assets connected to the nation’s state-owned oil company, a move critics decried as part of a “dangerous” U.S. policy to help opposition forces overthrow elected president Nicolás Maduro.

National Security Adviser John Bolton and Treasury Secretary Steven Mnuchin announced the sanctions imposed via executive order against Petroleos de Venezuela, S.A. (PdVSA)—a primary source of income and foreign currency for the country—at a White House press briefing on Monday afternoon. They were joined by Larry Kudlow, director of the National Economic Council.

Mnuchin vowed the United States “will continue to use all of our diplomatic and economic tools” to back Juan Guaidó, who has declared himself Venezuela’s “interim president.” The secretary made clear that “the path to sanctions relief for PdVSA is through the expeditious transfer of control to the interim president or a subsequent, democratically-elected government.”

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