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That new law seems to address this: "... and require them to base their processing center in Russia". How would sanctions work with a local subsidiary that does
by gst 12y ago
That new law seems to address this: "... and require them to base their processing center in Russia". How would sanctions work with a local subsidiary that does the processing?
- mike_hearn 12y agoThe same way the USA has been taking control of the rest of the financial system. They say to American VISA/MC executives, "we require any transactions processed by your subsidiary to comply with US sanctions, or else we're going to tell the whole world that you're a bunch of financial terrorists and throw you in jail". Then the US executives say, OK, then we won't process payments in Russia. And then Russia says ....
- boobsbr 12y agoFeels similar to FATCA requirements: report all transactions that involve even the remotest link to an "American person or company" or you're sancioned from operating in the US and with any "American person or company".