Embargo
Also called: ambargo · trade embargo
A broad ban on trade with a particular country or on specific categories of goods, such as an arms embargo. It is a type of sanction and may be comprehensive or limited to certain sectors.
In practice
Shipments to or from embargoed destinations need specific legal clearance, and transit through third countries does not avoid the ban.
Related terms
- Sanctions
- Measures adopted by states or the UN to influence or constrain specific countries, entities or individuals, including asset freezes, import and…
- Export controls
- Laws that restrict the export, transfer, brokering and transit of military items, dual-use goods and technology, and sometimes other strategic goods,…