radiofree.asia

Category: economic war

  • They Are Making Venezuela’s Economy Scream

    Before 2017, Venezuela relied on its oil revenue for 95% of its export earnings. Moreover, oil revenue has been critical for financing the government’s progressive social agenda. This loss has caused inflation in Venezuela to soar: according to official Central Bank of Venezuela numbers from 2019, the highest inter-annual inflation rate was 344,510%, meaning prices increased by a factor of 3,400 in a single year. This is an unimaginable disaster for any country and an enormous strain on the population.

    While Venezuela has been under attack by the US government and its allies since Hugo Chávez’s first election in 1998, Trump’s 2017 Executive Order 13808 set off a new wave of financial sanctions that denied Venezuela access to international credit markets, severely undermining its ability to sell oil abroad.

    The post They Are Making Venezuela’s Economy Scream appeared first on PopularResistance.Org.

    This post was originally published on PopularResistance.Org.

  • Ukraine – Doubling Down

    According to the daily reports of Russia’s Ministry of Defense the Ukraine is losing several hundred soldiers and some 30 armored vehicles per day, most of them to artillery. A flood of gruel pictures posted on Telegram by both sides confirm this. Several Ukrainian attempts to counterattack Russian forces have failed.

    ‘Western’ propagandists are noting that their side is losing. The typical U.S. reaction to losing is to double down. As Michael Hudson explains (vid), the economic consequences of this war will be catastrophic for many countries and people. But the neocons who are running the war do not care about those. They have a plan to profit from it. They want to stay the unipolar power of the globe. To them it is a game and their main motives include an ingrained hatred towards Russia.

    The post Ukraine – Doubling Down appeared first on PopularResistance.Org.

    This post was originally published on PopularResistance.Org.

  • The History of Sanctions

    Nicholas Mulder’s account of the modern economic sanctions regime sheds new light on an era of extreme destabilization and destruction.

    This post was originally published on Dissent MagazineDissent Magazine.

  • West Intensifies Economic Warfare Against Russia As Military Operation In Ukraine Enters Second Week

    Delivering his annual state of union address, US president Joe Biden announced the decision to close its airspace for all Russian flights on Tuesday, March 1. He accused Russia of rejecting “efforts of diplomacy” and called president Vladimir Putin’s decision to send armies to Ukraine a “badly miscalculated” move. However, Biden also announced that the US will not fight against Russia directly. The announcements of sanctions against Russia and its boycott by various countries and individual corporations continued on Tuesday.

    The post West Intensifies Economic Warfare Against Russia As Military Operation In Ukraine Enters Second Week appeared first on PopularResistance.Org.

    This post was originally published on PopularResistance.Org.

  • Stop US Sanctions: ‘You Don’t Feel Them, But They Are Killing Our People’

    This month, the Sanctions Kill coalition (Popular Resistance is a member) released its report: “The Impact and Consequences of US Sanctions.” The 35-page report was written in response to the Biden administration’s January call for a review of the US sanctions to determine if they ‘unduly hinder’ the ability of targeted nations to address the COVID-19 pandemic.

    To date, there is no word on whether that review has been conducted, but given that the State Department and Treasury are tasked with conducting it, the same institutions that impose sanctions, the Sanctions Kill coalition had no confidence their report would challenge the US’ current foreign policy path of escalating economic war on 39 countries, or a third of the world population.

    The post Stop US Sanctions: ‘You Don’t Feel Them, But They Are Killing Our People’ appeared first on PopularResistance.Org.

    This post was originally published on PopularResistance.Org.

  • Peace Delegation Visits Nicaragua To Explore Impact Of US Sanctions

    For the next two weeks, I am in Nicaragua on the first delegation organized by the Sanctions Kill coalition and the Friends of the ATC (Asociacion de Trabajadores del Campo – Association of Rural Workers) to study the impact of sanctions imposed by the United States on Nicaragua and learn about the Sandinista Revolution. The ATC is a member of the global movement of peasant workers, Via Campesina, that was born in Nicaragua. The NICA Act, passed by the US Congress in 2018, is the beginning of the US’ economic war on Nicaragua after the US-backed coup attempt against the democratically-elected President Danial Ortega failed earlier that year.

    Learn more about the sanctions being imposed by the United States on 39 countries representing a third of the world’s population using the new Sanctions Kill toolkit.

    The post Peace Delegation Visits Nicaragua To Explore Impact Of US Sanctions appeared first on PopularResistance.Org.

    This post was originally published on PopularResistance.Org.

  • China, Iran, And North Korea Seek Support At The UN Against Unilateral Force

    New York City – China, Russia, North Korea, Iran and others are seeking support for a coalition to defend the United Nations Charter by pushing back against the use or threat of force and unilateral sanctions, according to a letter seen by Reuters on Thursday.

    The move by 16 countries and the Palestinians to create such a group comes as U.S. President Joe Biden’s new administration boosts its multilateral engagement and with allies, reversing former President Donald Trump’s favored unilateral approach as he focused on an “America First” policy.

    Biden has also pledged to take on China at the United Nations, where Beijing has been pushing for greater global influence in a challenge to traditional U.S. leadership.

    The post China, Iran, And North Korea Seek Support At The UN Against Unilateral Force appeared first on PopularResistance.Org.

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  • The US Is Starving Venezuelans In the Name Of Democracy

    The Biden administration granted Temporary Protected Status to refugees from Venezuela, which will permit them to live and work in the United States. This is the right thing to do, and it is a break with the previous administration, but there need to be more significant changes to U.S. policy towards Venezuela. The TPS decision is treating the symptom of Venezuela’s deepening crisis while U.S. sanctions intensify it. As long as our government’s broad sanctions remain in place, they will exacerbate the economic and humanitarian crises in the country. The U.S. will succeed only in making conditions for ordinary Venezuelans worse while Maduro and his allies become more firmly entrenched.

    Trump’s pursuit of regime change in Venezuela was one of his worst policies, and it has deepened the misery of the Venezuelan people. It is maddening that the complete failure of this policy hasn’t prompted more demands for abandoning it.

    The post The US Is Starving Venezuelans In the Name Of Democracy appeared first on PopularResistance.Org.

    This post was originally published on PopularResistance.Org.