UCF Global Perspectives

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Tag Archives: Sanctions

US Reinstates Sanctions Against Iran

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The US has reinstated sanctions against Iran, targeting Iran’s energy, financial and shipping sectors (AP). This move comes directly after the 180-day wind-down period following the US’s withdrawal from the Joint Comprehensive Plan of Action (JCPOA) (Time). US Secretary of State Mike Pompeo claimed the US granted specific oil import waivers to eight countries (NPR). […]

US Sanctions Venezuela

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US President Donald Trump is continuing to pressure the government of Venezuela with new sanctions (Fox). Trump signed an executive order to ban anyone in the US from involving themselves with “corrupt or deceptive” gold sales from Venezuela (REUTERS). National Security Adviser John Bolton stated, “The new sanctions will target networks operating within corrupt Venezuelan economic […]

Russian President Meets with Austrian Leaders

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Earlier this week, Russian President Vladimir Putin traveled to Austria to meet with government and business leaders to discuss European Union (EU) sanctions on Russia. The sanctions were a response to the annexation of Crimea by the Russian government for years ago (Reuters 1). While the sanctions contributed to the two-year recession in Russia, the […]

Russia, China Veto U.N. Sanctions against Syrian Leadership

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On Tuesday China and Russia vetoed a U.N. sanction resolution against Syrian leadership (UPI). The U.N. resolution would have levied sanctions on Syrian leadership for using chemical weapons against its own citizens (Washington Post). Russian President Vladimir Putin justified the veto asserting that “it would not help the negotiation process but would only interfere or […]

Russian Government Suspends Nuclear Disarmament Deal

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On October 3, President Vladimir Putin revoked the Russian Federation’s participation in the Plutonium Management and Disposal Agreement (PMDA). This deal was done in tandem with the United States as a way to reduce cold war nuclear stockpiles. Putin claimed this was a response to the threat posed by recent hostile actions from the United […]

After Relief of Western Sanctions, Iran Re-Enters Global Markets

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After relief of nuclear-related sanctions, Iran will now resume its crude oil exports and will have access to previously frozen assets (Reuters). Iranian crude oil reserves are the fourth largest in the world, with its natural gas reserves as first largest (Chicago Tribune). The International Energy Agency’s reduced estimates for global oil demand due to […]