“Falklands should be Argentinian.”-Roger Waters, Pink Floyd alumni

Argentina’s Industry Minister, Debora Giorgi, has asked Argentine businesses to voluntarily sanction U.K. businesses. At least 20 major companies in Argentina, have been asked to stop buying products from the United Kingdom.

Giorgi reportedly said Argentina no longer wants to do business with “colonial” powers.

The move is significant, because Argentina now accounts for U.S. $642 million worth of exports from Britain. The U.K. is also the sixth largest investor in Argentina. In other words, Argentina is hitting the British in their money belt.

Of course, the U.K.’s Foreign Office summoned Argentina’s charge d’affaires for “an explanation”.   And yes, this has everything to do with the Falklands/Malvinas Islands, where a potentially huge oil deposit was discovered (and U.S. oil companies want a piece of the action).