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...Saddam Hussein's forces were on the verge of being overrun by Iran's fanatical Revolutionary Guards, and in spite of billions of dollars in aid to Iraq from other Arab states, his weaponry was insufficient, his coffers were empty and his credit rating was abysmal. Despite an informal embargo, the world's armsmakers were willing to sell Iraq practically anything -- for a price. Eventually Saddam found benefactors in the West: nations more fearful of an Iranian victory than of him. France supplied an estimated $12 billion worth of military hardware between 1981 and 1988. Iraq was able...

Author: /time Magazine | Title: Middle East With a Little Help from Friends | 6/11/1990 | See Source »

With these signs that the West would not take sides with Lithuania, an antiblockade commission was set up in Vilnius to seek ways around the two- week-old oil-and-gas embargo ordered by Gorbachev. It was also exploring possible food-for-oil swaps. But with the Kremlin in control of the railroads, such schemes were unlikely to break Moscow's squeeze...

Author: /time Magazine | Title: Soviet Union No Embargo On Advice | 5/7/1990 | See Source »

...moves toward a market economy have been hobbled by Vietnam's economic and diplomatic isolation. Hanoi and Washington have long disagreed on how to restore relations, and the U.S. strengthened a 1975 trade embargo following Vietnam's 1978 invasion of Cambodia. Other industrial countries, including Japan, are waiting for a U.S. lead before committing themselves to major trade and investment. Meanwhile, the Soviet Union has served notice that it will drastically curtail the aid it has provided in the past, especially fertilizers, structural steel and critical oil supplies...

Author: /time Magazine | Title: Vietnam: A War on Poverty | 4/30/1990 | See Source »

...predawn darkness of a collapsing Saigon, the U.S. has yet to establish diplomatic relations with the government of Vietnam. Washington continues to act as if Hanoi had sent its troops to invade Virginia instead of down the Ho Chi Minh Trail. Since 1975, the U.S. has imposed a trade embargo against Vietnam that has been more effective than the mining of Haiphong harbor ever was. It has helped keep Vietnam's badly managed economy on its knees, which in turn has encouraged a steady flow of refugees to Hong Kong and Malaysia...

Author: /time Magazine | Title: Vietnam 15 Years Later | 4/30/1990 | See Source »

...French Foreign Minister Roland Dumas effusively praised the Libyan leader for his "noble and humanitarian gesture." But suspicious Frenchmen and other Europeans noted that last January France returned to Libya three Mirage jet fighters that had been grounded in France since 1986, when the European Community imposed an arms embargo against Libya. Many denounced the release as part of an arms-for-hostages deal...

Author: /time Magazine | Title: Hostages: Waltzing with The Colonel | 4/23/1990 | See Source »

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