Embargo

calender iconUpdated on September 09, 2023
economy
government and policy

Table of Contentstable of content icon

Definition:

Embargo is a complete prohibition or blockade of trade, travel, or communication between a country and one or more other countries. It is an economic or political measure that restricts the flow of goods, services, people, technology, and information.

Purpose:

  • Political pressure: To exert pressure on a country or group of countries to change their policies or behavior.
  • Economic sanctions: To influence economic activity and destabilize a country.
  • National security: To prevent the flow of weapons or other items that could be used for harm.
  • Humanitarian concerns: To prevent the flow of arms or other items that could be used for human rights abuses.

Examples:

  • The United States imposed an embargo on Cuba in 1962 as part of the Cuban Missile Crisis.
  • The European Union imposed an embargo on North Korea in 2006 over its nuclear weapons program.
  • The United Arab Emirates imposed an embargo on Qatar in 2017 over political differences.

Types of Embargo:

  • Total embargo: Prohibits all trade, travel, and communication.
  • Partial embargo: Restricts specific goods, services, or people.
  • Selective embargo: Targets specific industries or sectors.

Impact:

  • Embargoes can have a significant impact on the targeted country, restricting its ability to trade, travel, and communicate with the rest of the world.
  • They can also have a negative impact on the global economy.
  • Embargoes are a controversial measure, and there are concerns about their potential for abuse and unintended consequences.

International Law:

Embargoes are generally not prohibited under international law, but they must be implemented in accordance with specific rules and procedures.

Notable Quotes:

  • “Embargoes are a weapon of mass destruction.” – John F. Kennedy
  • “Embargoes are a law of war against the people.” – Leon Trotsky

Categories

Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548):

The SEBI Registration No. allotted to us is INZ000313732.
NSE Member Code: 90326| BSE Member Code: 6808| MCX Member Code: 57120
DP CDSL: 12099800

Compliance Officer : Mr. Randhir Kumar Chaudhari
Tel no: 011- 49022222 / 011-49022277
Email: randhir@pocketful.in

Registered Address/Correspondence Address: C- 3, Ground Floor, Okhla Industrial Area, Phase - 1, New Delhi - 110020

For any complaints, drop us an email atlegal@pocketful.in

Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID.

Smart Online Dispute Resolution|Link To Circular|Procedures and Policies|Broker Investor Charter|DP Investor Charter

Benefits: Effective Communication, Speedy redressal of the grievances.

Benefits: Effective Communication, Speedy redressal of the grievances.

Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI and our Terms of Use and Privacy Policy.
The brand name Pocketful and logo is in process of trademarks registration. The cost-effective brokerage plans make Pocketful a trustworthy and reliable online stock broker. Available on both the web and mobile, it offers unmatched convenience to traders. If you are considering opening......

Read More