Chapter 134: Economic Sanctions!

Edited by Travar 

The elders and ministers seemed to have anticipated this matter, and their expressions suddenly became severe.

Only Zeke, who never asked about such political affairs, showed surprise.

"Economic sanctions?"

Although Zeke is usually not interested in the kingdom's politics, he also knows the economic sanctions.

Economic sanctions refer to the use of countries with robust financial strength to attack and weaken other countries' political, economic, and military power.

Generally speaking, the standard methods of economic sanctions include: imposing trade embargoes, interrupting economic cooperation, cutting off financial or technical assistance, etc. Series of means once these means are implemented, the economy of the sanctioned country will suffer a giant economic blow.

But it is not easy to impose economic sanctions.

If only one or two countries use economic sanctions, although they have an impact, they will not achieve many effects. In today's technologically developed world, the transaction objects of any country are diversified, and it is not a must to rely on one or two to survive.

Therefore, economic sanctions will only affect the sanctioned country when the number of countries beyond what they can bear participate.

Now Grace directly announced that the kingdom has been subject to economic sanctions. Major countries have targeted the kingdom's economy, which has already caused substantial monetary losses.

"Just after the Phoenix military exercise, Country A, Country F, Country S, Country IY, Country J, Country G and other world powers began to actively discourage goods from entering the kingdom."

"At the same time, many foreign companies who are ready to invest or have already invested are also fleeing on an unprecedented scale."

"Up to now, 169 large foreign-funded enterprises have interrupted their business, withdrew from the market, and liquidated their assets. The closing speed of their factories are also accelerating, and the number of unemployed people affected has reached as high as 170,000."

"Also, the technologies and products that these countries originally entered into with the kingdom have also begun to roll back, and the cooperation with enterprises has been interrupted in various projects. Many major development projects have been greatly affected."

"And the kingdom's products exported abroad have also been withdrawn from various markets, or they need to pay heavier taxes than before."

"And the one that has been hit the most is our financial system."

"Due to the gradual increase of the above series of phenomena, the entire market fell by more than 72% last week. It was the shortest time and the largest decline in history for the first time."

"Not only that, even many freight and trade channels with other countries are forced to detour because of the blocking of key sea routes, or the situation of impassibility occurs frequently, and the external transportation industry suffers huge losses."

"Even the oil transported to us by the Tonda Empire had to take a detour for this reason. As a result, not only did the delivery time lengthen, but the transportation cost was also forced to be doubled."

"As for other industries, a lot has also been affected."

Grace's words made everyone in the conference room look solemn.

The damage caused by economic sanctions to the Phoenix Kingdom is undoubtedly enormous.

This has begun, and it has already caused such a huge loss. Once this situation continues, it is foreseeable that sooner or later, the kingdom will be unable to bear it. At this time, Zeke also is time that Zeke realized that during the days when he was making a lot of money, many people in the kingdom had already lost money and almost jumped off the building.

"The only thing that is fortunate is that due to the success of force deterrence, the current sanctions imposed by many world powers only stop at the economic part, and do not involve military sanctions and political sanctions."

"But it does not rule out the possibility of expanding sanctions in the future."

Grace looked around at all the elders and ministers, "Everyone here, I hope you can give some feasible suggestions to solve the problems that we are facing or coming soon. The kingdom needs your help."

The kingdom's crisis is self-evident.

The expressions of the elders and ministers also became more severe than ever.

Economic sanctions are only the beginning, and there is no guarantee that those world powers will continue to impose military or political sanctions on the kingdom in the future. Once will likely fall apart, and fall apart and be completely over.

It can be said that the kingdom has now entered the countdown of chronic death.

If they can't solve these problems as soon as possible and let them run their course, it will eventually erode the entire kingdom and fall into an abyss that cannot be saved.

"Your Majesty, why did they impose economic sanctions on us? It's impossible to deal with us like this for no reason, right?"

A minister asked.

"I have communicated with the heads of countries such as Country S, Country F, Country A, etc., but they do not admit that there are any economic obstacles to our kingdom."

Grace shook her head.

The elders and ministers sighed in a low voice.

That's what worries them the most.

They suddenly take action against the kingdom, but they don't tell the reason, so the kingdom can't find the best solution, and everything can only be done by reasoning and guessing.

"If the old man guessed correctly, the reason why they joined forces to do this should be because of the Phoenix military exercise."

The elder said.

Zeke is ranked seventh, the seventh elder, and the first elder, who has made outstanding contributions to the kingdom, and his ability is beyond doubt.

As soon as he said this, all eyes immediately fell on Zeke.

According to this assumption, it was evident that Zeke's words during the previous military exercise aroused the dissatisfaction and vigilance of those world powers, and then secretly united in imposing economic sanctions on the kingdom.

"..."

Zeke looked at the various eyes of the elders and ministers, and was speechless.

He never thought that when he would come to participate in a decision-making meeting once in a while, he would encounter such big trouble; fortunately, death is related to himself.

If he had known earlier, he should have taken a private plane and brought Gael to San Miguel Bay, Country SP, to see my 14 islands and enjoy the sun, beach, beauties, and delicious food.

To be continued—

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