TRADE SANCTIONS - A GAME OF INTERNATIONAL POLITICS

US - EU CLASH OF INTEREST- OVER PROPOSED SANCTION ON RUSSIA --

EU warns US over the proposed sanction on Russia .A  bill already passed pending approval of President which is likely to be approved.

Sanctions has now become a tool to pressurise  , threat , force a particular country or group of countries by a country or group of countries. It has also become a tool to draw trade favours  . Economic sanctions are basically commercial and financial penalties applied by one or more countries against a targeted country . Economic sanctions are  used for achieving domestic and international goals & favours .

Economic sanctions are not necessarily imposed because of economic reasons only  but they may  be imposed for a variety of other reasons as well  , like  political, military, social , terrorism , or to  deal with   countries & leaders  like on Col. Gaddafi - Libya ,Iraq - Saddam Hussain , Syria - Asad.

Economic sanctions are also used  to impose or  guide foreign policy of other countries by many westerns blocks governments. Economic sanctions are usually imposed by a  powerful country upon a smaller and  weak country .

To cover up their deeds these countries raises  Commonly used excuses  e.g.  a threat to the security of the region or threat to humanity , country treats its citizens unfairly , chemical threats e.t.c. . Economic sanctions are have ultimately become as an alternative effective weapon to weaken the targeted country , instead , of going to war to achieve desired goals or objectives .

Recently , regime changes  have become  a  objective of economic sanctions.The recent examples were Col. Gaddafi , Saddam Hussain . But success of sanctions are  not always guaranteed , like President Asad of Syria .

The sanction not only affects the economy  of targeted country but it  also affects the economy of the imposing country too .The imposing country not only looses the market of Targeted country but it automatically  restricts the imposing country , that they can not Import desired goods from the Targeted country under  import restrictions . Ultimately  both Import and Export of imposing country also gets badly  affected by restrictions  , The imposing country also loses investments  opportunities from targeted country and loose market   to competing countries.

THE FASHION  OF IMOSING ECONOMIC AND TRADE SANCTIONS IN WHOLE WORLD , HAS BECOME A CULTURE AND PART OF FOREIGN POLICY OF  UNITED STATES OF AMERICA WHO ALWAYS TAKES THE LEAD .WHILE IMPOSING SANCTIONS ,  US FIRST ENSURES THAT , NO WAY IT SHOULD  AFFECTED THEM , INSTED THEY ENSURE TARGETED COUNTRY SHOULD BE BADLY AFFECTED .

In a very recent moves US has indicated that it is going to impose fresh sanctions against  Russia , Iran , North Korea . European countries are very alert about their economy and trade ! That's why, EU has immediately responded to US  in negative manner.

EU President  said that the bloc would first examine its implementation and then would act  only after getting assured that there is no Likely dent on their interests.The European Union  issued a  warning to the US over it's plan to impose new sanctions on Russia . This may ultimately lead to a rift between the two allies i.e. EU & US. EU President  said the EU would definitely act if it does not receive reassurances on the potential impact of new sanctions on EU,'s interests .

The EU has fallen victim of their unconditional support for the US sanction policy against Russia

Russia also reacted strongly saying that  the  bill passed by the US House risked worsening the already poor relations between the two countries.It is going to affect trades badly .

The US  says bill is  targeted against Russia in retaliation for Moscow`s alleged interference in the 2016 presidential election. The bill also called for new measures against North Korea and Iran.

Though the EU had previously cooperated  with US  in all sanctions imposed , in response to Russia`s annexation of Crimea from Ukraine. But this time , the latest US move could hit their companies that were involved in the financing of a new pipeline, project , Nord Stream 2, that would carry natural gas from Russia to Germany., at reasonable price, that too with secured supply route from the nearby areas insted of buying costly gas  from US .

EU  said the US proposed bill will have seriousl effects on the Germany and its energy requirements in totality . Germany strongly backs the new gas pipeline project, which may get affected by this sanction.  US may uses only to serve the interests of US industry .

EU said that  if their concerns are not taken into account ,  they may take a independent stand suitably to take care of their concerns effectively .

For new US  administration the policy is  America & American first but definitely this does not mean that  Europe`s and others interests will come at last .

However this  bill is for approval of US President Donald Trump. He may approve it as well .

Thus sanctions are nothing but a tool to fulfil self interests,  which is not healthy .It's a again a politics of might is right .