Archives Sanctions - Page 5 of 8 - New Eastern Outlook

US Sanctions against RT, which were announced on September 13^th, continue a trend towards the collapse of the US dollar as global reserve currency, and demoting the country to ‘third world status’ as Donald Trump revealed on September 5^th, 2024, during the New York Economic Forum.

If the core purpose of Washington’s sanctions on Iran was to force a regime change in Tehran and cripple its ability to affect geopolitics in the Middle East, none of this has happened. In fact, recent events show Iran behaving as a country that sounds neither deterred by Israel nor under immense pressure, both economic and military, from Washington. In response to Israel’s killing of Ismael Haniyeh in Iran, Acting Foreign Minister Ali Bagheri said that Iran will “make the aggressor Israeli regime pay the price for its aggression in a legitimate and decisive action”.

Recently, on 25^th July 2024, the Washington Post published an article “How four U.S. presidents unleashed economic warfare across the globe”, in which some interesting statistics were noted. Firstly, the US imposes three times as many sanctions as any other country (or group of countries) on earth. Secondly, that around one third of all countries on earth are on the receiving end of some form of US sanctions, and that the effectiveness of such sanctions has been, to say the least, limited, despite being the “go to” option of the US government for inflicting punishment on countries from Iran to Cuba, Russia to Myanmar.