3 ms·
For example, ZIMBABWE MINING DEVELOPMENT CORPORATION is sanctioned by the US, so it cannot participate in business transactions with any American company. Anoth
by didibus 6y ago
For example, ZIMBABWE MINING DEVELOPMENT CORPORATION is sanctioned by the US, so it cannot participate in business transactions with any American company. Another one is Petróleos de Venezuela, S.A. an oil company from Venezuela.
You can read more about it here: https://www.investopedia.com/financial-edge/0410/countries-sanctioned-by-the-u.s.---and-why.aspx https://www.investopedia.com/financial-edge/0410/countries-s...
The important bit is this:
> The U.S. sanctions countries that sponsor terrorism or perpetrate human rights violations on their people.
The U.S. can sanction an entire nation or specific individuals or entities within that nation.