Category Archive 'Sanctions'

13 Jul 2020

Perhaps They Will Be Unable to Shop at Walmart

, , ,

BBC

China has announced sanctions on top Republicans after the US imposed sanctions on Chinese officials for alleged human rights abuses against Muslim minorities in Xinjiang province.

Among those targeted are senators Ted Cruz and Marco Rubio, both outspoken critics of China.

The nature of the sanctions is unclear.

China is accused of detaining more than a million Uighurs and others in Xinjiang but China denies abuses in the far-western region.

Ted Cruz is a senator for Texas while Marco Rubio represents Florida. The pair competed with Donald Trump for the Republican presidential nomination in 2016.

China also imposed sanctions on Republican congressman Chris Smith; Ambassador-at-Large for International Religious Freedom Sam Brownback; and a government agency, the US Congressional-Executive Commission on China.

The foreign ministry said the move was in response to America’s “wrong actions”.

“We urge the US to immediately withdraw its wrong decision, and stop any words and actions that interfere in China’s internal affairs and harm China’s interests,” spokeswoman Hua Chunying said.

She gave no details what the sanctions entailed. …

RTWT

24 Jan 2012

India Agrees to Pay Iran Gold For Oil

, , , , ,

Mossad-mouthpiece DEBKAfile reports that the assault on the US dollar as reserve currency by America’s most prominent foreign adversaries (including our trading partner China) is about to get underway.

India is the first buyer of Iranian oil to agree to pay for its purchases in gold instead of the US dollar, debkafile’s intelligence and Iranian sources report exclusively. Those sources expect China to follow suit. India and China take about one million barrels per day, or 40 percent of Iran’s total exports of 2.5 million bpd. Both are superpowers in terms of gold assets.

By trading in gold, New Delhi and Beijing enable Tehran to bypass the upcoming freeze on its central bank’s assets and the oil embargo which the European Union’s foreign ministers agreed to impose Monday, Jan. 23. The EU currently buys around 20 percent of Iran’s oil exports.

The vast sums involved in these transactions are expected, furthermore, to boost the price of gold and depress the value of the dollar on world markets.


Your are browsing
the Archives of Never Yet Melted in the 'Sanctions' Category.








Feeds
Entries (RSS)
Comments (RSS)
Feed Shark