Tag: economic embargoes

US Reimposes Sanctions on Venezuela After Brief Relief

Tina Marie (Ms. Cat)
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US Reimposes Sanctions on Venezuela After Brief Relief

Related:

Venezuela: Washington Reimposes Oil Sanctions, Maduro Gov’t Pledges Continued Growth

Washington Revokes Oil and Gas License Issued to Venezuela (+Sanctions)

The document specifies that the US regime does not authorize “any transactions involving any financial institution blocked pursuant to Executive Order (E.O.) 13850 other than Banco Central de Venezuela or Banco de Venezuela SA Banco Universal.”

As a second prohibition, it further indicates that “the provision of goods or services to, or new investment in, an entity located in Venezuela that is owned or controlled by, or a joint venture with, an entity located in the Russian Federation,” is also forbidden, thus keeping the same provision that existed in the revoked license against Russia.

UNGA passes unbinding resolution to ask Russia make reparation to Ukraine; China votes against

Tina Marie (Ms. Cat)2 Comments

The United Nations General Assembly on Monday (November 14) voted to approve a resolution which calls for Russia to be held responsible and make reparations to Ukraine.

Russia, China and Iran are among the 14 members that voted against while 73 abstained, including Brazil, India and South Africa.

China’s Deputy Permanent Representative to the UN, Geng Shuang, explained China’s opposition, pointing out that the resolution lacks both legal basis and practical precedent, and was put to vote without proper discussion and consultation or responding to concerns of UN member states.

He further stressed that all countries that had suffered from historic international injustices including colonialism, foreign intervention, unilateral sanction, economic embargo and so on, are entitled to demand reparations.

UNGA passes unbinding resolution to ask Russia make reparation to Ukraine; China votes against via ShanghaiEye魔都眼

Related:

UN calls on Russia to pay Ukraine reparations

Russia’s Permanent Representative to the UN, Vassily Nebenzia, speaking on the topic of the resolution, called it a legally insignificant document. “At the same time, the co-authors cannot help but realize that the adoption of such a resolution will entail consequences that can boomerang back to them,” Nebenzia said.

He added that the resolution intended to legalize the seizure of Russian assets previously frozen by Western countries.