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It at least highlights the potential ineffectiveness of monetary sanctions on changing the political climate, which is the point of the Magnitsky Act. I pretty
by tadfisher 9y ago
It at least highlights the potential ineffectiveness of monetary sanctions on changing the political climate, which is the point of the Magnitsky Act.
I pretty much disagree with this point, however, until banks and hedge funds offer services denominated in cryptocurrencies. The Act is still a hurdle for those named to do any "legitimate" business in the West, hence Putin's relentless campaign to repeal it.
- tryingagainbro 9y agoThe Russians, the Chinese and the African tin pot dictators want their money out because they know it can be seized by the next government. If you end on the wrong side of Putin, you're shipped to Siberia and everything seized to pay the billions in tax debt, you all of the sudden owe. Plus, now that they have money they want to be able to get some respect. What good is money unless you can spend outside Russia in places like Greece, Monaco...