An embargo is a tool used by the countries to restrict trade with a specific country either due to political or economic conditions. Embargo decision is made by the United Nations where allied countries join hands together to enforce the embargo on the specific nation.
Embargo brings adverse effects on the economy of the targeted nation. An embargo is not essentially functional on all the things which are imported or exported. Sometimes certain items are embargoed due to political or economical reasons.
There are three types of embargo:
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In the following situations, certain events take place after the contracts
The U.S. Strategic Oil Reserve is a government-
