5 ms·

What are these precedents? Pray do tell?

jacquesm 5y ago
France and some other countries wanted to do business after Iran got sanctioned by the US government, they were told quite clearly what the consequences would be and backed off. A Latvian bank decided that the American sanctions against a particular group of Russians was an excellent business opportunity. This led to the bank being cut off, the Latvian authorities being told that if they did not control their banks better that all of Latvia would follow and extensive reworking of all of the AMT laws in all of Europe in case some other bank got the same bright idea and to avoid losing the ability to transact with the United States. As a result all of Europe is now required to have an UBO registry for every bank account and every company registered. This sort of thing is taken very seriously. If you want I can dig up the references. Is it fair? No, it isn't fair, but that is the kind of weight the USA can throw around if they feel like it. As an aside: you have now made three snarky comments, I have no idea what prompts you to do this but it is HN unworthy.
- jelliclesfarm 5y ago
- sn41 5y ago
  I understand your argument, and personally am looking to find some way to contribute baby formula to Ukrainian families from India. If you know any way, please let me know. But sanctions end up hurting many more economies than one country's alone. There should be a way to help countries which will end up with a significant problem for issues that were not even caused by their government, but some foreign government altogether. The farmers of India are a struggling lot, and this is a whole lot of trouble they don't want when summer is just about to begin. Just for historical context: https://en.wikipedia.org/wiki/Famine_in_India https://en.wikipedia.org/wiki/Famine_in_India
  - jacquesm 5y ago
    The best way is likely to send it to a known contact in Poland who might be able to pass your good on to people traveling to the border at the checkpoint, there are tons of good moving like that at the moment (and I mean actual tons). If you want I can ask a friend in Poland who may be making another trip to the border but I'm not sure how you would get your transport inside Ukraine done and there is a fair chance that the good would not make it to their intended destination for a variety of reasons. Also there are already shortages of many goods in the region.

France and some other countries wanted to do business after Iran got sanctioned by the US government, they were told quite clearly what the consequences would be and backed off. A Latvian bank decided that the American sanctions against a particular group of Russians was an excellent business opportunity. This led to the bank being cut off, the Latvian authorities being told that if they did not control their banks better that all of Latvia would follow and extensive reworking of all of the AMT laws in all of Europe in case some other bank got the same bright idea and to avoid losing the ability to transact with the United States. As a result all of Europe is now required to have an UBO registry for every bank account and every company registered. This sort of thing is taken very seriously. If you want I can dig up the references. Is it fair? No, it isn't fair, but that is the kind of weight the USA can throw around if they feel like it. As an aside: you have now made three snarky comments, I have no idea what prompts you to do this but it is HN unworthy.

jelliclesfarm 5y ago
sn41 5y ago
I understand your argument, and personally am looking to find some way to contribute baby formula to Ukrainian families from India. If you know any way, please let me know. But sanctions end up hurting many more economies than one country's alone. There should be a way to help countries which will end up with a significant problem for issues that were not even caused by their government, but some foreign government altogether. The farmers of India are a struggling lot, and this is a whole lot of trouble they don't want when summer is just about to begin. Just for historical context: https://en.wikipedia.org/wiki/Famine_in_India https://en.wikipedia.org/wiki/Famine_in_India
- jacquesm 5y ago
  The best way is likely to send it to a known contact in Poland who might be able to pass your good on to people traveling to the border at the checkpoint, there are tons of good moving like that at the moment (and I mean actual tons). If you want I can ask a friend in Poland who may be making another trip to the border but I'm not sure how you would get your transport inside Ukraine done and there is a fair chance that the good would not make it to their intended destination for a variety of reasons. Also there are already shortages of many goods in the region.