The sanctions imposed on PDVSA only prohibit the company from obtaining either a U.S. export visa or money from the U.S. Import-Export Bank, as well as banning them from attempting to obtain U.S. procurement contracts.
Similarly, retail industry leaders like Wal-Mart are typically adept at handling crises involving their supply chains, from problems related to domestic business partners toimport and export issues triggered in China or other geographies.
At the giant China import-export fair in Guangzhou this week almost everyone I spoke to said orders from Europe are falling and that's hurting China's exporters.
Section 11A(h) of the Export Administration Act authorizes the president both to prohibit the import of products or services from Imhausen into the United States and to block Imhausen from participating in any U.S. government contracts for up to five years.
Even if Russia cleans up its arrearages with Eximbank, another problem confronts conscientious professionals at the Bank: The Export-Import Bank is required by statute to determine that there is a reasonable assurance of repayment from the borrower.
Concerning the prospect of restored Soviet access to U.S. Export-Import Bank credits -- this issue should be evaluated separately from the conditions under which the United States might grant MFN status.