Quote:
Originally Posted by Carth
Are all of the Russian sanctions decided by Lord Trump (Master of the Universe and beyond), or do other Countries have a say in them?
*asking for some friends with rising energy costs
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Sanctions imposed by the US are enforced by controlling access to the world financial system which is denominated in US currency. Any criminal activity involving use of dollars is considered in American law to be a crime punishable in the USA. How they do that obviously depends on who is doing the criminal thing. For individuals they seek extradition. For nation states they impose penalties like trade tariffs, export bans or, in extreme cases, shutting off their ability to use transaction clearing services that pass through US systems.
As a side note, one of the unforeseen long-term consequences of Trump’s unpredictable and haphazard foreign and trade policies has been to cause other countries to diversify away from USD as their main reserve currency. EUR and RMB (china) are both viable alternatives at present. The more this happens, the less able the US is in the long run to dictate global sanctions policies. Just another way in which MAGA is achieving anything but.
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