The view from Washington: U.S. sanctions against Iran, Iraq and Libya
Article Abstract:
Sanctions imposed on Iran, Iraq and Libya by the US vary and are highly dependent on the convictions of their respective governments. Sanctions were employed to protect American interests and to maintain regional, as well as global security and stability. In Iraq, imposition of sanction was due mainly to the Iraqi government's continued pursuit of military supremacy in the Gulf region. Sanctions in Iran, meanwhile, are directed towards the country's revolutionary Islamic ideology that seeks to promote terrorism and other subversive movements. Actions taken against Libya are aimed towards curbing terrorism and production of chemical weapons.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1997
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Taking Iraq to court
Article Abstract:
The US State Department through its Office of Foreign Asset Control (OFAC) has attempted to discourage suits filed against Iraq in the aftermath of the invasion of Kuwait. Two reasons for this may be the administration's concern over the $2 billion owed the US by Iraq in agricultural credit and the possibility of revelations of dealings with Iraq prior to the war which the Bush administration wishes to control. In several cases, the courts have overridden the State Department's regulations for licensing suits, citing unreasonable intrusion on judicial prerogatives.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1992
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Iraq's oil: the economic and political constraints
Article Abstract:
Iraq cannot quickly increase its oil output more than 600,000 barrels day beyond the present 1.6 million b d and faces a bleak future due to political instability and economic pressures. The world will need another 10-13 mb d by 2004, a shortfall Iraq could largely meet. However, it owes some $100 billion, must replace infrastructure worth $50-$100 billion, and must meet UN war reparations totaling 35% of oil output. If reparations were dropped and the UN agreed on a political solution the situation could improve.
Publication Name: Middle East Executive Reports
Subject: Economics
ISSN: 0271-0498
Year: 1995
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