Law, State and Law
The embargo is a ban on the export of goods, raw materials and finances
The embargo is a ban on the import or export of any product, finance or industrial technology. Such a measure can be imposed for political reasons, when they try to put pressure on the government of the country. This can be done both by a separate state and by an international organization, for example, the UN. He often likes to impose various restrictions against unwanted countries of the United States. The embargo can be economic. The purpose of such a ban is the same, to force the authorities to make certain concessions. In the sphere of economy, restrictions can be used not only against countries, but also against specific structures, firms and enterprises. There are also temporary embargoes. This happens when it comes to environmental disasters, epidemics.
Most often, prohibitions and restrictions are imposed from political considerations. Such an original whip against a state. This decision is usually motivated by the best intentions. Punish for non-compliance with international norms and treaties, prevent a threat of military incursion and so on. But practice shows that most often it is an attempt to overthrow an objectionable regime, to shake the economy of the country.
One more example. The US regularly imposed restrictions and bans against developing countries. First Cuba, then Iraq, followed by Iran. But the big economic losses suffered not only these countries, but also the USSR. Until now, the Iraqi debt of several billion dollars has been outstanding.
The embargo is a legislative act that is adopted either by the parliament of the country or by the advisory body of international associations. For example, the reduction in oil purchases from Iran by the EU countries from January 1, 2012. So the European Union supported the ban on the purchase of oil, which was imposed by the United States.
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