United States embargoes

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As of 2009, 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]

Contents

[edit] Targeted parties

As of October, 2007, the United States has sanctions against:[2]

There are also list-based sanctions related to terrorism, diamond trading, narcotics, nuclear proliferation, and the sovereignty of Lebanon.[citation needed]

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

Recent countries which were removed from the list were Iraq (removed 2005) and Libya (removed 2003).

[edit] See also

[edit] References

  1. ^ "Chapter 3 - State Sponsors of Terrorism Overview". State.gov. http://www.state.gov/s/ct/rls/crt/2006/82736.htm. Retrieved 2009-06-09. 
  2. ^ U.S. Treasury - Sanctions Program Summaries Links to overviews, details, and legal authorities for each party are given.

[edit] External links


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