Word: embargoing
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Dates: during 1980-1989
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While the economic measures that President Carter has ordered represent a necessary first step in expressing our outrage to the Soviet Union, they alone will be completely ineffectual in blocking the spread of war. The partial grain embargo will only inconvenience the Soviet society. And in the short run, Soviet stockpiles of grain will further cushion the blow. The technology blockade will have even less effect. The United States is the Soviet Union's supplier of last resort for all high technology and currently does less than one quarter of the trade that Japan, the Soviet Union's leading western...
...prediction that as the result of U.S. economic pressures, Iranians this winter would be "cold and hungry." Boasts Iran's Oil Minister Ali Akhbar Moinfar: "When you have oil revenues of $80 million or $90 million a day, you can always do business." Moinfar insists that the U.S. embargo on sales of oil equipment to Iran will not be insurmountable because "we have had no difficulty buying whatever we want through third par ties." As for reports that the departure of foreign technicians has caused problems in the oil industry, Moinfar declares: "I have piles of applications...
...private meetings at the U.N. First, the Security Council would send U.N. Secretary General Kurt Waldheim to Tehran to seek the release of the hostages. Next, if the Waldheim mission did not succeed within a certain number of days, perhaps ten, Iran would be punished by a U.N. trade embargo, exempting only food, Pharmaceuticals and oil. But this approach also ran into opposition from the council's Third World members. They were willing to send Waldheim to Tehran, but they did not want to set a deadline for his mission, or even to specify what would happen...
There are, in any event, substantial doubts that a trade embargo would have much effect on Iran's economy. Tehran takes in about $90 million a day from oil exports. For help in handling these transactions, Iran has lately turned to banks in Algeria and Libya, which immediately redeposit the money in European banks. Says a Tehran banker: "There is no shortage of brotherly Third World countries willing to help Iran." In addition, some Eastern European countries, including Rumania and Yugoslavia, have offered to act as Iran's middlemen for purchases of machinery and spare parts. Promised Yugoslav...
...trade embargo would still have a symbolic importance, underscoring Iran's diplomatic isolation from the rest of the world. But punitive measures might endanger the hostages: according to some officials in the Iranian government, they would weaken the position of moderates on the Revolutionary Council...