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Comment on The one good thing about all this

HappySkullsplitter@lemmy.world ⁨1⁩ ⁨week⁩ ago

The last one is literally the gutting of the task force that was focused on sanctions enforcement, seizing assets of Russian oligarchs

Comprehensive sanctions target not only the country and businesses but individuals as well, especially in Russia where the oligarchs control the majority of the nation’s wealth

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ChairmanMeow@programming.dev ⁨1⁩ ⁨week⁩ ago
Sanctioned oligarchs have completely different sanctions than trade sanctions that apply to countries. Apples and oranges.

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- HappySkullsplitter@lemmy.world ⁨1⁩ ⁨week⁩ ago
  False. There are 4 categories of sanctions.
  
  Comprehensively sanctioned jurisdiction
  
  Targeted sanctions (individuals and entities threatening the peace, stability, and sovereignty, and/or contributing to conflict)
  
  Arms embargo
  
  Secondary sanction
  
  United States Government Sanctions
  
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  - ChairmanMeow@programming.dev ⁨1⁩ ⁨week⁩ ago
    Yes, that’s not in dispute?
    
    If you click through on the source on commerce sanctions (which is what would apply to possible tariffable goods) then you will find that the BIS oversees that. Not the taskforce going after Russian oligarchs, who have a different set of sanctions apply to them.
    
    Again, there’s already a high level of tariffs on Russian trade, and they don’t have a “most favored trade nation” status anymore:
    
    U.S. Trade Representative Jamieson Greer told lawmakers there is “no effort to reinvigorate trade with Russia,” pushing back on Democrats who suspected Mr. Trump was cozying up to Russian President Vladimir Putin amid negotiations to reignite economic relations or end the war in Ukraine.
    
    President Biden signed bills and issued decrees in 2022 that sanctioned Russia and Belarus and increased tariffs on things such as steel and aluminum, minerals and chemicals.
    
    “They already have these high tariffs, they don’t have permanent normal trade relations,” Mr. Greer told the House Ways and Means Committee.
    
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    HappySkullsplitter@lemmy.world ⁨1⁩ ⁨week⁩ ago
    Financial sanctions are primarily administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), while export controls are primarily administered by the U.S. Department of Commerce’s Bureau of Industry and Security (BIS)
    
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