Economic Sanctions – News Agency nabakhabar

Infiltration, coup means of hegemons to oppress nations

News Agency nabakhabar — Sat, 19 Aug 2023 13:00:12 +0000

Infiltration, coup, economic sanctions, hard and soft wars are the means that the hegemonic powers utilize to oppress independent countries, the Iranian foreign minister said Saturday.

In a post on his X account (formerly known as Twitter), Hossein Amir-Abdollahian reacted to the 1953 coup anniversary in Iran that was plotted and carried out by the colonial powers, the United States and Britain.

According to him, “Reviewing the 1953 coup shows that the reaction of old and modern colonialism to the other nations tendency towards libertarian and independence are quite like each other as it has nothing to do with the quality of the governments [that come to power after].”

“Infiltration, coup, economic sanctions, hard and soft warfares are the means that the hegemonic (domination-seeking) systems use to oppress the will of independent countries”, he added.

In August 1953 coup d’état in Iran that was plotted by the US CIA and British MI6, the first democratically elected government under Prime Minister Mohammad Mosadegh was toppled in favor of the last Shah.

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Japan approves ban on luxury car exports to Russia

News Agency nabakhabar — Tue, 29 Mar 2022 09:04:19 +0000

Japan approved Tuesday a ban on exports of luxury cars and other items to Russia as part of economic sanctions over its invasion of Ukraine.

The Cabinet of Prime Minister Fumio Kishida revised a relevant ordinance to implement the embargo on April 5 that will also cover jewelry and artworks.

The move is aimed at adding pressure on oligarchs who have been supporting Russian President Vladimir Putin financially. The United States and European Union member countries have already taken similar measures.

Japanese Economy, Trade and 
Industry Minister Koichi Hagiuda 
speaks to reporters after a 
Cabinet meeting on March 29, 2022, at 
the parliament in Tokyo. (Kyodo)

“We will work with the international community, including the Group of Seven nations, to implement tough sanctions,” Koichi Hagiuda, minister of economy, trade and industry, said at a press conference.

Cars make up a large portion of Russia-bound shipments from Japan that totaled 627.8 billion yen ($5 billion) in 2020, according to government data.

Japan imposed a similar ban on luxury goods exports to North Korea in 2006 after Pyongyang announced it had conducted a nuclear test. Japan has since totally banned imports from and exports to the country.

Russia’s aggression against Ukraine has already been met with a slew of sanctions, including a freeze on the Russian central bank’s assets, banning key Russian financial institutions from a major international payment system, and imposing export bans and controls.

Joining the United States and European countries, Japan has also decided to strip Russia of its “most favored nation” status, which has given Moscow the best possible trade terms on key products under World Trade Organization rules.

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G-7 warns Russia of economic sanctions if it invades Ukraine

News Agency nabakhabar — Mon, 14 Feb 2022 20:41:46 +0000

The finance ministers from the Group of Seven industrialized nations on Monday warned Russia of economic sanctions that would have “massive and immediate” consequences if it invades Ukraine.

The ministers said in a statement that Russia’s military buildup at Ukraine’s borders is “a cause for grave concern” and the seven countries — Britain, Canada, France, Germany, Italy, Japan and the United States — are “united in our resolve to protect the sovereignty, territorial integrity as well as economic and financial stability of Ukraine.”

A Ukrainian soldier is seen out of Svitlodarsk, Ukraine on Feb. 11, 2022. 
(Anadolu Agency/Getty/Kyodo)

While noting that their priority is to promote efforts to lower tensions, they warned that the G-7 nations “are prepared to collectively impose economic and financial sanctions which will have massive and immediate consequences on the Russian economy.”

The warning came after no progress was made to de-escalate the situation during phone talks between U.S. President Joe Biden and his Russian counterpart Vladimir Putin on Saturday.

Japanese Prime Minister Fumio Kishida said at a meeting of the ruling Liberal Democratic Party on Monday that the government is coordinating the specifics of potential sanctions against Russia with the United States and major European countries.

Japan had pledged “strong action” in close coordination with the United States and other countries should there be a Russian attack on Ukraine, without saying “sanctions” until now.

For its part, Japan has been in a difficult position due to its decades-old territorial dispute with Russia over a group of islets that has prevented the two nations from signing a postwar peace treaty.

With multiple scenarios floated, including Russia’s military invading part of Ukraine or advancing to the capital Kyiv, Japan is aiming to prepare a lineup of sanctions that could be imposed according to each situation, according to government sources.

Possible sanctions include restricting Russia-bound exports of Japanese high-tech goods and other products and freezing assets of companies and individuals linked to the Russian president, the sources said.

“We will also take into account the details of sanctions that other G-7 countries will take,” one of the sources said.

The government is now facing growing pressure from some lawmakers of the ruling party to boost diplomacy and have Japan’s presence felt as the G-7 scrambles to resolve the crisis.

Among the group, France and Germany are stepping up diplomatic efforts to ease the tension through their leaders’ talks with Putin.

Japan imposed sanctions against Russia over its 2014 annexation of Crimea, though questions were raised at home about the effectiveness of the measures, including an import ban on products from the peninsula that is still in place.

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