Word: embargoing
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Dates: during 1980-1989
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...During the Arab oil embargo in 1973, there was talk of U.S. military intervention in the Middle East. Does that possibility concern...
...priorities, domestic and foreign, and spoke at length of Iran, the hostages and the Middle East. Carter also urged Reagan to back pending legislation that would provide a fund to clean up chemical wastes, and he hinted that Reagan was "wise" in re-evaluating his opposition to the embargo of grain sales to the Soviet Union. Declared Reagan later: "Let me sum by saying it was a rather complete briefing." Carter was pleased with the way things had gone. Said one aide: "You got two guys approaching this with a certain degree of apprehension. It went well...
Says C. Robert Saathoff, a grain expert with the Wall Street investment firm Bache and Co.: "Whenever you have many suppliers, an embargo is usually effective only in the first six months to a year at most...
Before the January embargo, Moscow had planned to import some 25 million tons of grain from the U.S. during 1980, as well as about 12 million tons more from other nations. The Carter Administration stopped the export of approximately 17 million tons, but the Soviets have been able to make up for most of that on world markets. The Soviet Union has been obtaining large amounts of wheat and corn from Argentina, which refused to support the U.S. boycott. Usually the Soviets are forced to pay higher prices to these suppliers than they paid...
...France is trying to give the embargo the coup de grâce. France, which is Western Europe's leading grain producer, although it is not a major world exporter, has just completed a bumper harvest. The French this year will have 3 million to 4 million tons of wheat available for export. As a member of the European Community, France is bound by a pledge made last winter that it would not take advantage of the American embargo by boosting its own grain exports to the Soviet Union. But now the French government wants the Community to shelve...