With as many participants as there are in the global economy it makes sense: the sanctioned country can easily change suppliers and not have to change policy.
Prior to the war in Iran, the US had sanctions on Iranian goods, especially oil. Iran has been selling mostly to China. Crude oil is about 56% of Iran’s exports.
The point is, Iran still sells crude oil and makes revenue.
(I’m not defending Trump, he scrapped the Iran nuclear deal in 2018 and (re)imposed sanctions on Iran.)
They certainly never achieve the intended objective, that is, change the system and government to US compradors, but they do work greatly in causing horrible humanitary effects. That’s about US sanctions, who up till recently basically controlled global financial system, and also like to bomb, invade, sabotage and incite riots in sanctioned countries to make things worse. For sanctions like Canadian, they aren’t very impactful, more of a political statement.
Wonder if Canada realised that they barely trade with Iran, if at all, and decided it would just be better to seem to appease their nearest neighbour without actually having done anything at all
Probably just that. Poland also did this during Trump first term, they organised very hostile conference about Iran which had basically zero points or actions beside US vassals loudly proclaiming their allegiance. Iran treated it seriously though and it basically completely ruined Polish-Iranian trade deals (which were not very significant but they did existed) and relation (which were traditionally good).
Bonus points for first-class comedy though when the bumbling fool Pompeo gathered entire room of Polish PiS officials (usually antisemites) and illegally demanded Poland pays reparations for WW2 to some Jews in USA, which make them both enraged and realised they can’t do shit since they just at the same day loudly proclaimed their allegiance to USA (nothing real came out from this too).
It’s only quite recently that some countries have begun to start trading oil in yuan. It’s certainly not easy to circumvent the petrodollar system that’s been in place since WW2. For one thing, the US will start bombing you.
I don’t think scantions work.
With as many participants as there are in the global economy it makes sense: the sanctioned country can easily change suppliers and not have to change policy.
Prior to the war in Iran, the US had sanctions on Iranian goods, especially oil. Iran has been selling mostly to China. Crude oil is about 56% of Iran’s exports.
The point is, Iran still sells crude oil and makes revenue.
(I’m not defending Trump, he scrapped the Iran nuclear deal in 2018 and (re)imposed sanctions on Iran.)
They certainly never achieve the intended objective, that is, change the system and government to US compradors, but they do work greatly in causing horrible humanitary effects. That’s about US sanctions, who up till recently basically controlled global financial system, and also like to bomb, invade, sabotage and incite riots in sanctioned countries to make things worse. For sanctions like Canadian, they aren’t very impactful, more of a political statement.
Wonder if Canada realised that they barely trade with Iran, if at all, and decided it would just be better to seem to appease their nearest neighbour without actually having done anything at all
Probably just that. Poland also did this during Trump first term, they organised very hostile conference about Iran which had basically zero points or actions beside US vassals loudly proclaiming their allegiance. Iran treated it seriously though and it basically completely ruined Polish-Iranian trade deals (which were not very significant but they did existed) and relation (which were traditionally good).
Bonus points for first-class comedy though when the bumbling fool Pompeo gathered entire room of Polish PiS officials (usually antisemites) and illegally demanded Poland pays reparations for WW2 to some Jews in USA, which make them both enraged and realised they can’t do shit since they just at the same day loudly proclaimed their allegiance to USA (nothing real came out from this too).
It’s only quite recently that some countries have begun to start trading oil in yuan. It’s certainly not easy to circumvent the petrodollar system that’s been in place since WW2. For one thing, the US will start bombing you.