https://padlet.com/alexandra_wrighs06/pqou957z7xjgt6ey en-us 2022-11-29 14:30:22 UTC 2025-09-27 14:42:54 UTC hello@padlet.com alexandra_wrighs06 https://padlet.com/alexandra_wrighs06/pqou957z7xjgt6ey/wish/2402020472 The European Union has economic sanctions against Russia. This started in 2014, against Russia's largest bank Sberbank. They also have economic sanctions against oil. This was in result of the corrupt government in Russia. Russia invaded the Ukrainian territory Crimean Peninsula and claimed it as its own. This caused Russia not to receive any imports or exports, the economy was falling drastically. As a result of this sanction, both trading parties were losing significant amounts of money. The EU is estimated to have lost over $100 billion dollars, and Russia lost over $600 billion dollars. Russians didn't have access to international goods, most things consumed or used had to have been produced locally. Since Russia was experiencing a recession, demand was low so prices for goods were low (including oil prices which were nosediving).]]> 2022-11-29 14:43:05 UTC https://padlet.com/alexandra_wrighs06/pqou957z7xjgt6ey/wish/2402020472 https://padlet.com/alexandra_wrighs06/pqou957z7xjgt6ey/wish/2402063431 Caeden May

Country: North Korea

Year Embargoed: 1950s-Current

Reasoning for Sanction: The Unites States initially imposed sanctions in the 1950's and further tighten them in the 80's due to North Korea's bombing on South Korea. Which included the Rangoon bombing and the bombing of Korean Air Flight 858. 

Effects of Sanctions: The targets of the sanctions are high ranking Korean officials but the working class of Korea is alos effected. Mainly children and seniors living in more remote areas of Korea. 200,000 North Korean children are suffering from malnutrition and sanctions put 60,000 of these kids at a risk of starvation. These sanctions also slow down the transportation of foods and medical supplies to NK, NGO reported it took over a year to ship 16 boxes of beans to NK. 

Relevant Picture]]> 2022-11-29 15:06:51 UTC https://padlet.com/alexandra_wrighs06/pqou957z7xjgt6ey/wish/2402063431 https://padlet.com/alexandra_wrighs06/pqou957z7xjgt6ey/wish/2402078719 Name of country: Syria
Year embargo began: 2011
Reasons for embargo: An embargo was created against Syria from the United States because of their violent acts from the rebels to civilian protesters who are advocating for the release of political prisoners, abolition of Syria's 48-year old emergency law, more freedoms, and an end to a pervasive government corruptions.  This act of corruption forced United States to cut off all trade due to the inhumane acts of Syria against innocent people. 
Effects of Embargo: The embargo's of not only the U.S but other countries world wide effected Syria as a country by inflation in the country of medical products and commodities, Syria's population as a whole decreased, Syria was cut off to one of their main resources oil which was about 20% of all GDP in Syria, cut off from military resources, freezing of financial assets,and Syria's exports and imports of luxury goods was cut of from many countries. 

]]> 2022-11-29 15:15:23 UTC https://padlet.com/alexandra_wrighs06/pqou957z7xjgt6ey/wish/2402078719 leostarss16 https://padlet.com/alexandra_wrighs06/pqou957z7xjgt6ey/wish/2402084488 Iran
1979
Iran was the most sanctioned country in the world until it was out done by Russia following its invasion of neighboring Ukraine in February 2022. The first sanctions were imposed by the United States in November 1979 after a group of radical students seized the American Embassy in Tehran and took hostages.

Higher prices and concerns about supplies led to panic buying in the gasoline market. Crude oil prices nearly doubled to almost $40 per barrel in twelve months.


]]> 2022-11-29 15:18:31 UTC https://padlet.com/alexandra_wrighs06/pqou957z7xjgt6ey/wish/2402084488 https://padlet.com/alexandra_wrighs06/pqou957z7xjgt6ey/wish/2403614604 Cuba- Rae Harrison
Emargo 1962
Reason for Embargo- In 1962 President John F. Kennedy placed an embargo on the trade with  USA and Cuba as a result of actions taken by the Cuban Government which stay in place today. Cuba had relations with the USSR and started becoming a communist government so the USA started disassociating its trade with Cuba. The embargo was removed several times under Presidents Jimmy Carter and Barack Obama. As a result, it has become easier for Americans to legally enter Cuba, although travel is still restricted, and some American agriculture businesses are allowed to sell to Cuba. However, the U.S. economy is actually estimated to lose substantially more per year nearly $5 billion from the embargo. the much smaller economy of Cuba is estimated to lose approximately $685 million per year. Losses from possible American tourists, who travel to almost every other island in the Caribbean, causing most of it. 

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