Word: embargoing
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Dates: during 1980-1989
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...Congress again, perhaps in two to three weeks. Increasingly uneasy as they pondered Ortega's East bloc journey, Democrats led by House Speaker Thomas P. O'Neill met late last week to consider that prospect. Afterward, O'Neill reiterated his opposition to direct contra aid and pronounced the embargo to be premature. "Economic embargoes," said the Speaker, "should follow the failure of diplomacy rather than following the failure of the Reagan Administration to get its way in Congress." Nonetheless, as the impact of Ortega's Moscow pilgrimage continued to spread, it seemed that the contra aid issue might be resurrected...
Another subject about which nothing was said in public but a lot in private was the U.S. embargo on trade with Nicaragua that was announced when Reagan arrived in Bonn last Wednesday (see WORLD). The other leaders were annoyed by both the policy and its timing. Said a West German official: "There will always be the impression that there was approval or a secret understanding with us. There wasn...
When Washington first imposed a trade embargo on Cuba in October 1960, it hoped to force Havana to abandon Marxism. Today, nearly 25 years later, the Cuban government is still Marxist, and it is one of Moscow's closest allies. The example is mentioned by Carmelo Mesa-Lago, director of the Center for Latin American Studies at the University of Pittsburgh, as evidence that trade sanctions are at best only temporarily damaging. In the long run, he believes, the embargo against Nicaragua "will not work. History shows it did not work in the case of Cuba...
...longest-standing and strictest American trade restrictions are those against North Korea, which has been under a U.S. embargo since 1950. Sanctions against Viet Nam go back to 1954, and those against Kampuchea to 1975. These countries and Cuba face an American denial of all trade, travel and finance. Various U.S. economic restrictions have been imposed on other countries, including Libya, Iran, Iraq, South Yemen, Syria and South Africa...
...situation most similar to Nicaragua's is that of Fidel Castro's Cuba. Some U.S. officials argue that the Cuban embargo continues to be effective because it hampers Havana's ability to earn hard currency and thus raises the Soviet Union's costs of supporting the island country. Because about 85% of Cuba's trade is with the Soviets and its East bloc allies, transportation costs are high. The U.S. embargo has also forced the Cubans to devote much of their light and heavy industry to manufacturing spare parts for their U.S.-built transportation systems and factories. Indeed, Assistant Secretary...