EconomicSanctions Archives - Universal Group Of Institutions

12Feb 2025

U.S. Aid Freeze: Global Implications and Fallout

Syllabus: GS-2: Global Groupings Focus: The U.S. administration has halted foreign aid and scaled back personnel at the U.S. Agency for International Development (USAID), placing a 90-day pause on assistance programs. This move raises concerns about its impact on global development projects, humanitarian aid, and economic stability in several countries, particularly in the Global South. …

18Jan 2025

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BessentStatement EconomicSanctions EnergyCrisis Geopolitics GlobalEconomy GlobalUnity InternationalRelations OilTrade RussianOil Sanctions
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Bessent’s Call for Stricter Russian Oil Sanctions

Why in the news? Scott Bessent, U.S. Treasury Secretary nominee, emphasized tightening sanctions on Russia’s oil sector to pressure Moscow over the Ukraine war. This move could significantly affect India’s oil imports and efforts to internationalize the rupee. Tighter Sanctions on Russian Oil: Scott Bessent, nominee for S. Treasury Secretary, supports stricter sanctions on Russia’s …

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U.S. Aid Freeze: Global Implications and Fallout

Bessent’s Call for Stricter Russian Oil Sanctions