United States embargoes

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As of 2012, there are several United States embargoes and sanctions in force by the United States against several countries and activities, the most notable of which are against countries the federal government of the United States considers State Sponsors of Terrorism.

Some sanctions imposed by the United States government are:

  • No arms-related exports
  • Controls over dual-use exports
  • Restrictions on economic assistance
  • Financial restrictions
    • Requiring the United States to oppose loans by the World Bank and other international financial institutions.
    • Diplomatic immunity waived to allow families of terrorist victims to file for civil damages in U.S. courts.
    • Tax credits for companies and individuals denied for income earned in listed countries.
    • Duty-free goods exemption suspended for imports from those countries.
    • Authority to prohibit a U.S. citizen from engaging in financial transactions with the government on the list without a license from the U.S. government.
    • Prohibition of Defense Department contracts above $100,000 with companies controlled by countries on the list.[1]

Implementing agencies

Targeted parties

As of May 2013, the United States has sanctions against:[2]

  • Persons:
    • Certain persons undermining democratic processes or institutions in Belarus (including President Alexander Lukashenko and other officials)
    • Certain persons contributing to the conflict in Cote d'Ivoire
    • Certain persons contributing to the conflict in the Democratic Republic of the Congo
    • Specific individuals and entities associated with the former Saddam Hussein regime, as well as parties determined to have committed, or to pose a significant risk of committing an act of violence that threatens the peace or stability of Iraq or the Government of Iraq or undermining efforts to promote economic reconstruction and political reform in Iraq or to provide humanitarian assistance to the Iraqi people
    • Persons undermining the sovereignty of Lebanon or its democratic processes and institutions
    • The former Charles Taylor administration in Liberia; prohibits importation of any round log or timber product originating in Liberia
    • Persons responsible for the detention, abuse, and death of Sergei Magnitsky and other gross violations of human rights in Russia (see Magnitsky Act)
    • Certain persons contributing to the conflict in Somalia
    • Persons who threaten international stabilization in the Western Balkans
    • Persons threatening the peace, security, or stability of Yemen
    • Persons undermining democratic processes or institutions in Zimbabwe

There are also list-based sanctions related to countering terrorism, rough diamond trade controls (see Kimberley Process), counter narcotics, nuclear proliferation and transnational criminal organizations.[2]

Some countries listed are members of the World Trade Organization, but WTO rules allow trade restrictions for non-economic purposes.

See also

References

  1. ↑ "Chapter 3 - State Sponsors of Terrorism Overview". State.gov. Retrieved 2009-06-09. 
  2. ↑ 2.0 2.1 U.S. Treasury - Sanctions Program Summaries Links to overviews, details, and legal authorities for each party are given.
  3. ↑ "Libya: What You Need to Know About Sanctions Relating to Libya". Office of Foreign Assets Control. November 3, 2011. Retrieved June 22, 2012. 

External links

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