9 dicembre forconi: Sanctions
Visualizzazione post con etichetta Sanctions. Mostra tutti i post
Visualizzazione post con etichetta Sanctions. Mostra tutti i post

martedì 25 settembre 2018

China Threatens US With "Consequences" If It Does Not "Immediately" Revoke Sanctions Over Russian Weapons Deal

Just hours after Beijing called off trade talks with the US in the biggest escalation of the trade feud between the two nations, the war of words between China and the US ratcheted up on Saturday, when Beijing lashed out again at Washington, saying that China’s decision to buy fighter jets and missile systems from Russia is "a normal act of cooperation between sovereign countries" and the United States has "no right to interfere", defense ministry spokesman Wu Qian said on Saturday.
"The U.S. approach is a blatant violation of the basic norms of international relations, a full manifestation of hegemony, and a serious breach of the relations between the two countries and their two militaries," Wu said in a notice posted on the Chinese defense ministry’s official Wechat account according to Reuters.
He also warned that the US would face "consequences" if it did not immediately revoke the sanctions.
The comments came two days after the U.S. State Department imposed sanctions on China’s Equipment Development Department (EED), the branch of the military responsible for weapons procurement, and its director, Li Shangfu, for engaging in "significant transactions" with Rosoboronexport, Russia’s main arms exporter.
The sanctions are related to China’s purchase of 10 SU-35 combat aircraft in 2017 and S-400 surface-to-air missile system-related equipment in 2018, the State Department said. They block the Chinese agency, and Li, from applying for export licenses and participating in the U.S. financial system, Reuters reported previously.
They also followed similar comments on Friday from Foreign Ministry spokesman Geng Shuang, who told reporters in Beijing that the move seriously harmed bilateral relations and military ties.
"China expresses strong indignation at these unreasonable actions by the U.S. side and has already lodged stern representations." Geng said. "We strongly urge the U.S. side to immediately correct the mistake and rescind the so-called sanctions, otherwise the US side will necessarily bear responsibility for the consequences," he added without giving details.
Beijing has emerged as the first export customer of Russia's S-400 missile system to be slapped with US sanctions over its planned purchase of the system after months of failure by Washington to persuade allies to drop interest in similar deals.
As reported previously, NATO member Turkey has refused to comply with US demands to drop its S-400 purchase. India, which has been a long-time buyer of Soviet defense equipment and a market Western arms firms are seeking to dominate, has also refused to drop its S-400 deal despite hints that it could result in sanctions.
And in a potential blow to the US military-industrial complex which thrives on weapons sales abroad from the world's biggest exporter of weapons, even markets long dominated by the US are looking more at Russian-made equipment, with Saudi Arabia and Qatar also mulling a purchase of the system; in an ironic twist in June, Saudi Arabia's King Salman threatened to take military action if Qatar installed the Russian-made air defence system.
Meanwhile, speaking to Russian media this week, Saudi Ambassador Raid bin Khalid Krimli jokingly said: "I hope nobody will impose any sanctions on us,” upon announcing that Moscow and Riyadh were discussing technical details over the deal. Then again, considering Saudi Arabia's special status when it comes to US special interests, that is highly unlikely.
Fonte: qui

mercoledì 22 agosto 2018

Sanctions, Sanctions, Sanctions – The Final Demise of Dollar Hegemony?

Sanctions left and sanctions right. Financial mostly, taxes, tariffs, visas, travel bans – confiscation of foreign assets, import and export prohibitions and limitations; and also punishing those who do not respect sanctions dished out by Trump, alias the US of A, against friends of their enemies. The absurdity seems endless and escalating – exponentially, as if there was a deadline to collapse the world. Looks like a last-ditch effort to bring down international trade in favor of — what? – Make America Great Again? – Prepare for US mid-term elections? – Rally the people behind an illusion? – Or what?
All looks arbitrary and destructive. All is of course totally illegal by any international law or, forget law, which is not respected anyway by the empire and its vassals, but not even by human moral standards. Sanctions are destructive. They are interfering in other countries sovereignty. They are made to punish countries, nations, that refuse to bend to a world dictatorship.
Looks like everybody accepts this new economic warfare as the new normal. Nobody objects. And the United Nations, the body created to maintain Peace, to protect our globe from other wars, to uphold human rights – this very body is silent – out of fear? Out of fear that it might be ‘sanctioned’ into oblivion by the dying empire? – Why cannot the vast majority of countries – often it is a ratio of 191 to 2 (Israel and the US) – reign-in the criminals?
Imagine Turkey – sudden massive tariffs on aluminum (20%) and steel (50%) imposed by Trump, plus central bank currency interference had the Turkish Lira drop by 40%, and that ‘only’ because Erdogan is not freeing US pastor Andrew Brunson, who faces in Turkey a jail sentence of 35 years for “terror and espionage”. An Izmir court has just turned down another US request for clemency, however, converting his jail sentence to house arrest for health reason. It is widely believed that Mr. Brunson’s alleged 23 years of ‘missionary work’ is but a smoke screen for spying.
President Erdogan has just declared he would look out for new friends, including new trading partners in the east – Russia, China, Iran, Ukraine, even the unviable EU, and that his country is planning issuing Yuan-denominated bonds to diversify Turkey’s economy, foremost the country’s reserves and gradually moving away from the dollar hegemony.
Looking out for new friends, may also include new military alliances. Is Turkey planning to exit NATO? Would turkey be ‘allowed’ to exit NATO – given its strategic maritime and land position between east and west? – Turkey knows that having military allies that dish out punishments for acting sovereignly in internal affair – spells disaster for the future. Why continue offering your country to NATO, whose only objective it is to destroy the east – the very east which is not only Turkey’s but the world’s future? Turkey is already approaching the SCO (Shanghai Cooperation Organization) and may actually accede to it within the foreseeable future. That might be the end of Turkey’s NATO alliance.
What if Iran, Venezuela, Russia, China – and many more countries not ready to bow to the empire, would jail all those spies embedded in the US Embassies or camouflaged in these countries’ national (financial) institutions, acting as Fifth Columns, undermining their host countries’ national and economic policies? – Entire cities of new jails would have to be built to accommodate the empire’s army of criminals.
Imagine Russia – more sanctions were just imposed for alleged and totally unproven (to the contrary: disproven) Russian poisoning of four UK citizens with the deadly nerve agent, Novichok – and for not admitting it. This is a total farce, a flagrant lie, that has become so ridiculous, most thinking people, even in the UK, just laugh about it. Yet, Trump and his minions in Europe and many parts of the world succumb to this lie – and out of fear of being sanctioned, they also sanction Russia. What has the world become? – Hitler’s Propaganda Minister, Joseph Goebbels, would be proud for having taught the important lesson to the liars of the universe: “Let me control the media, and I will turn any nation into a herd of Pigs”. That’s what we have become – a herd of pigs.
Fortunately, Russia too has moved away so far already from the western dollar-controlled economy that such sanctions do no longer hurt. They serve Trump and his cronies as mere propaganda tools – show-offs, “we are still the greatest!”.
Venezuela is being sanctioned into the ground, literally, by from-abroad (Miami and Bogota) Twitter-induced manipulations of her national currency, the Bolívar, causing astronomical inflation – constant ups and downs of the value of the local currency, bringing the national economy to a virtual halt. Imported food, pharmaceuticals and other goods are being deviated at the borders and other entry points, so they will never end up on supermarket shelves, but become smuggle ware in Colombia, where these goods are being sold at manipulated dollar-exchange rates to better-off Venezuelan and Columbian citizens. These mafia type gangs are being funded by NED and other similar nefarious State Department financed “NGOs”, trained by US secret services, either within or outside Venezuela. Once infiltrated into Venezuela – overtly or covertly – they tend to boycott the local economy from within, spread violence and become part of the Fifth Column, primarily sabotaging the financial system.
Venezuela is struggling to get out of this dilemma which has people suffering, by de-dollarizing her economy, partly through a newly created cryptocurrency, the Petro, based on Venezuela’s huge oil reserves and also through a new Bolivar – in the hope of putting the brakes on the spiraling bursts of inflation. This scenario reminds so much of Chile in 1973, when Henry Kissinger was Foreign Secretary (1973-1977), and inspired the CIA coup, by “disappearing” food and other goods from Chilean markets, killing legitimately elected President Allende, bringing Augusto Pinochet, a horrendous murderer and despot, to power. The military dictatorship brought the death and disappearance of tens of thousands of people and lasted until 1990. Subjugating Venezuela might, however, not be so easy. After all, Venezuela has 19 years of revolutionary Chavista experience – and a solid sense of resistance.
Iran – is being plunged into a similar fate. For no reason at all, Trump reneged on the five-plus-one pronged so-called Nuclear Deal, signed in Vienna on 14 July 2015, after almost ten years of negotiations. Now – of course driven by the star-Zionist Netanyahu – new and ‘the most severe ever’ sanctions are being imposed on Iran, also decimating the value of their local currency, the Rial. Iran, under the Ayatollah, has already embarked on a course of “Resistance Economy”, meaning de-dollarization of their economy and moving towards food and industrial self-sufficiency, as well as increased trading with eastern countries, China, Russia, the SCO and other friendly and culturally aligned nations, like Pakistan. However, Iran too has a strong Fifth Column, engrained in the financial sector, that does not let go of forcing and propagating trading with the enemy, i.e. the west, the European Union, whose euro-monetary system is part of the dollar hegemony, hence posing similar vulnerability of sanctions as does the dollar.
China – the stellar prize of the Big Chess Game – is being ‘sanctioned’ with tariffs no end, for having become the world’s strongest economy, surpassing in real output and measured by people’s purchasing power, by far the United States of America. China also has a solid economy and gold-based currency, the Yuan – which is on a fast track to overtake the US-dollar as the number one world reserve currency. China retaliates, of course, with similar ‘sanctions’, but by and large, her dominance of Asian markets and growing economic influence in Europe, Africa and Latin America, is such that Trump’s tariff war means hardly more for China than a drop on a hot stone.
North Korea – the much-touted Trump-Kim mid-June Singapore summit – has long since become a tiny spot in the past. Alleged agreements reached then are being breached by the US, as could have been expected. All under the false and purely invented pretext of DPRK not adhering to her disarmament commitment; a reason to impose new strangulating sanctions. The world looks on. Its normal. Nobody dares questioning the self-styled Masters of the Universe. Misery keeps being dished out left and right – accepted by the brainwashed to-the-core masses around the globe. War is peace and peace is war. Literally. The west is living in a “peaceful” comfort zone. Why disturb it? – If people die from starvation or bombs – it happens far away and allows us to live in peace. Why bother? – Especially since we are continuously, drip-by-steady drip being told its right.
In a recent interview with PressTV I was asked, why does the US not adhere to any of their internationally or bilaterally concluded treaties or agreements? – Good question. – Washington is breaking all the rules, agreements, accords, treaties, is not adhering to any international law or even moral standard, simply because following such standards would mean giving up world supremacy. Being on equal keel is not in Washington’s or Tel Aviv’s interest. Yes, this symbiotic and sick relationship between the US and Zionist Israel is becoming progressively more visible; the alliance of the brute military force and the slick and treacherous financial dominion – together striving for world hegemony, for full spectrum dominance.  This trend is accelerating under Trump and those who give him orders, simply because “they can”. Nobody objects. This tends to portray an image of peerless power, instilling fear and is expected to incite obedience. Will it?
What is really transpiring is that Washington is isolating itself, that the one-polar world is moving towards a multipolar world, one that increasingly disregards and disrespects the United States, despises her bullying and warmongering – killing and shedding misery over hundreds of millions of people, most of them defenseless children, women and elderly, by direct military force or by proxy-led conflicts – Yemen is just one recent examples, causing endless human suffering to people who have never done any harm to their neighbors, let alone to Americans. Who could have any respect left for such a nation, called the United States of America, for the people behind such lying monsters?
This behavior by the dying empire is driving allies and friends into the opposite camp – to the east, where the future lays, away from a globalized One-World-Order, towards a healthy and more equal multi-polar world. – It would be good, if our world body, the members of the United Nations, created in the name of Peace, would finally gather the courage and stand up against the two destroyer nations for the good of humanity, of the globe, and of Mother Earth.
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Peter Koenig is an economist and geopolitical analyst. He is also a water resources and environmental specialist. He worked for over 30 years with the World Bank and the World Health Organization around the world in the fields of environment and water. He lectures at universities in the US, Europe and South America. He writes regularly for Global Research; ICH; RT; Sputnik; PressTV; The 21st Century; TeleSUR; The Vineyard of The Saker Blog; and other internet sites. He is the author of Implosion – An Economic Thriller about War, Environmental Destruction and Corporate Greed – fiction based on facts and on 30 years of World Bank experience around the globe. He is also a co-author of The World Order and Revolution! – Essays from the Resistance.

giovedì 12 luglio 2018

Iran Sanctions Are Different This Time

The Trump administration is trying to replicate the Obama-era strategy of shutting in Iranian oil exports as a way to pressure the regime into making a series of concessions. But there are several reasons why Trump may not succeed.
It isn’t that Trump’s sanctions won’t be as effective, despite the refusal of the rest of the international coalition to go along with Washington’s isolation campaign. In fact, even though the EU, in particular, is hoping to shield Iran from the wrath of the U.S. Treasury, international companies are packing up and leaving Iran and refiners around the globe are starting to cut their oil imports from Iran. So, yes, there is every reason to believe that the sanctions will have real bite.
The main problem that could frustrate the Trump administration is the oil market, which is in a very different place than it was in 2012-2015. The oil market is tighter than it has been in years, which could ultimately force the U.S. to go easier on Iran than it would like.
A cursory glance at oil prices for the period in which the Obama administration pushed sanctions on Iran shows elevated prices, which would lead one into thinking that the Obama administration also had to contend with a tight oil market. Brent crude routinely topped $100 per barrel during a time in which Iran saw around 1 million barrels per day of exports disrupted.
Brent is now significantly lower than that, so Trump should have no problem cutting Iranian supply off once again, right? Not so fast.
President Obama had the fortune of an exploding U.S. shale sector. It probably wasn’t obvious to the Obama administration what was unfolding in North Dakota and Texas when sanctions on Iran really started to hurt in 2012. U.S. oil production skyrocketed between 2012 and 2014, rising by over 3 mb/d, which more than compensated for the 1 mb/d of lost Iranian supply.
To be sure, the Trump administration is also presiding over a shale boom. U.S. production is up about 1.6 mb/d since Trump took office, and output in 2018 has increased by around 400,000 bpd year-to-date. However, the problem for Trump is that Permian bottlenecks  could mean that additional growth slows to a crawl, at least for the next year or so.
That means that as the U.S. begins to cut into Iranian supply, U.S. shale drillers will not be able to compensate for the losses.
(Click to enlarge)
It isn’t just about U.S. supply versus Iranian supply though. The broader market is trending in a much tighter direction than it was back then, despite the difference in prices. Outages in Venezuela, Libya and Angola have tightened the market much faster than expected. More importantly, at least in the case of Venezuela, the losses are set to deepen.
Then, of course, there is the decline of inventories, which has picked up pace this year. OPEC+ has spent a year and a half trying to get inventories back to the five-year average, an objective that was achieved earlier this year. But now, because the current supply/demand balance reflects a deficit, inventories are set to continue to decline.
“The previous sanctions episode was only possible, in our view, because U.S. shale production was growing at a very fast clip and Libyan output came back to the market to replace some of the missing Iran barrels,” Bank of America Merrill Lynch wrote in a research note.
“Plus, other OPEC members were still running with some spare capacity and global oil demand was rather sluggish. In contrast, we now project global oil supply and demand balances to remain in a structural deficit for most of the next six quarters.”
The upshot is that even though Obama slapped sanctions on Iran when oil prices were high, he had a series of tailwinds at his back that Trump will not enjoy. The oil market is tight and any effort to shut in Iranian supply will exacerbate the situation.
Moreover, the Obama administration took a careful and deliberate approach to sanctions, precisely because it wanted to avoid pushing up prices. U.S. politicians are always highly concerned about the political damage of high gasoline prices, which is a big reason why the Obama administration offered some pretty reasonable waivers to multiple countries that bought Iranian oil. The rule of thumb was that if a country cut imports from Iran by 20 percent, that was pretty good, and they received leniency from Washington on the rest.
The Trump administration instead has vowed some sort of “zero tolerance” policy, hoping to shut in as much Iranian supply as possible. The U.S. State Department said it would not be inclined to grant any waivers. Those comments alone sent oil prices shooting up in June.
But, the Trump administration might be forced into backing down if prices spike too high. Bank of America Merrill Lynch says that “a complete cutoff of Iran exports would be very hard to manage and likely result in an oil price spike above $120/bbl.”
John Kemp of Reuters summed it up earlier this month: “The White House can drive Iran’s oil exports to zero, or it can have moderate U.S. gasoline prices, but it probably cannot have both.”