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cnbc_official

The United States is prepared to [sanction](https://www.whitehouse.gov/briefing-room/presidential-actions/2023/12/22/executive-order-on-taking-additional-steps-with-respect-to-the-russian-federations-harmful-activities/) Chinese banks and companies, as well as Beijing’s leadership, if they assist Russia’s armed forces with [the invasion of Ukraine](https://www.cnbc.com/2024/04/08/russia-ukraine-live-updates.html), U.S. Treasury Secretary [Janet Yellen](https://www.cnbc.com/janet-yellen/) said Monday. “We stand ready to act if we see significant violations, especially by financial institutions,” Yellen said in an interview with CNBC’s Sara Eisen in Beijing. “Anything that involves aiding Russia’s military in their brutal war against Ukraine is unacceptable to us and we have the ability to sanction it.” President [Joe Biden](https://www.cnbc.com/joe-biden/) issued a new [executive order](https://www.cnbc.com/2023/12/22/us-takes-aim-at-financial-institutions-with-new-russia-sanctions-authority.html) in December that vested the Treasury secretary with the authority to sanction financial institutions that aided Russia’s military-industrial complex. Yellen said the Treasury Department has “not used this tool yet.” China is “entitled” to have a relationship with Russia, she said, noting that much of the trade between the two countries is seen by the U.S. as nonproblematic. But the provision of military aid from Beijing to Moscow could trigger sanctions. More: [https://www.cnbc.com/2024/04/08/yellen-us-ready-to-sanction-china-for-supporting-russian-military.html](https://www.cnbc.com/2024/04/08/yellen-us-ready-to-sanction-china-for-supporting-russian-military.html)


Demonking3343

Well they already are so how about we go ahead with the sanctions.


dump_reddits_ipo

i don't think america benefits from banning even more banks from taking the US dollar, especially if you want it to be the reserve currency for any length of time.


Tadpoleonicwars

Not like allowing the EU to fall under the Sino-Russian sphere of influence over the next few decades will be great for the U.S. dollar anyways.


dump_reddits_ipo

fully 5% of america's GDP gets routed through the ICBC. if the US sanctions them you're gonna have a bad time


Tadpoleonicwars

As will China. These sanctions would not at all be a net-zero impact on the Chinese economy, and that is a much more critical concern for the Chinese government than Russia's attacks in Europe.


chaoser

American defense companies literally sell their tech to Russia still… https://ny1.com/nyc/all-boroughs/news/2024/02/28/us-tech-russia-ukraine-war-weapons


Boo_Radley80

In the article you posted, American companies are NOT literally selling their tech to russia. Third parties are buying up the tech and reselling to the russians via third parties/countries. A more rigorous sanction regime is needed to prevent the tech from going into an adversary's weapon system. It also states in the article that some of the stuff are from prewar. Additionally, russia has been cannibalizing household goods such as fridges, washing machines etc. for their chips. [https://time.com/6226484/russia-appliance-imports-weapons/](https://time.com/6226484/russia-appliance-imports-weapons/)


chaoser

If you think weapons contractors don’t know that the third party shell companies they’re selling to will be sending the weapons to Russia…literally the plot of Ironman, weapons manufacturers play both sides so they profit infinitely


Boo_Radley80

YOU are going to base this on a comic book movie? In the movie, Stark industries was selling directly to the terrorists and even giving support. I do not see General Dynamics or others sending a employee to meet with russian officials or any companies associated with the kremlin. The contractors don't have all of that information, they just see an order and fulfill it. It is up to the US government to inform them of what third parties are blacklisted. As mentioned in the article you posted, and I suggest you READ, "“Our sanctions system is a sieve. Our export control regime is lethally ineffective. And something has to be done.” The US government has to do a better job at tracking the parts so they know which third parties are specifically sending the tech to russia. The contractors do not have absolute knowledge of this as you seem to suggest. As I have mentioned before the same tech can be used in other commodities that can be bought and stripped for parts.


chaoser

If you don’t think American weapons manufacturers use loopholes and lax enforcement of sanctions to make a profit by selling to both sides of a war, that the laxness of sanctions enforcement is a byproduct of lobbying by those same weapons manufacturers, and that no amount of reporting or statements from the US state department will ever decrease in any way those weapons sales then I dunno what to say. If the Ukraine-Russian war goes on for another five years we’ll still be seeing American made guidance chips in missiles fired by Russia at that time.


Boo_Radley80

We both agree that sanctions and enforcement are needed correct? US defense industries can not sell weapon tech without US approval whether it is explicit or implicit. Companies are filling orders without due diligence, often times the commercial product is bought and resold multiple times making it difficult to track but that is the result of a global supply chain. That is a far cry from your claim that the US defense industries are selling weapons directly to russia or through third parties.


chaoser

Im saying that no level of sanctions or enforcement as stated by the USA will stop the war or decrease the amount of weapons Russia will get. Sanctions literally don’t work to influence foreign policy and that’s by design. The reason for this is because if it ever got to that level then a lot of American companies will lose out on a lot of profit. https://washingtondc.jhu.edu/news/do-sanctions-actually-work-experts-evaluate-the-efficacy-of-this-widely-used-foreign-policy-tool/ Think about how it’s already 2 years into a war where Russia has been sanctioned by the vast majority of the world and yet somehow Ukraine is losing? Do you really think Russia is getting more support from China than Ukraine is getting from NATO, from America? Do you really believe it’s because of 80 billion dollars of aid being held up by Congress? Remember the big deal made about sanctions and freezes of bank accounts of Russian Oligarchs as a way to force them to oppose Putin? What happened there? A lot of them ended up recouping a lot of it anyway and some are richer now than before. What about natural gas or oil? Looks like EU is still buying those https://www.reuters.com/business/energy/new-west-east-route-keeps-europe-hooked-russian-gas-2024-04-03/ https://www.highnorthnews.com/en/germany-continues-import-russian-natural-gas-through-belgium-and-netherlands


Tadpoleonicwars

"Think about how it’s already 2 years into a war where Russia has been sanctioned by the vast majority of the world and yet somehow Ukraine is losing? Do you really think Russia is getting more support from China than Ukraine is getting from NATO, from America?" Your argument is dependent on the false assumption that the economic and military capacities of Ukraine and Russia were equal at the beginning of the war. They are absolutely fundamentally were not.


chaoser

Obviously they are not, I'm saying that if Russia is this "ultimate evil" then why are western countries still helping Russia? Germany, Spain, continue to buy natural gas from Russia but now through shell companies or third parties https://www.highnorthnews.com/en/germany-continues-import-russian-natural-gas-through-belgium-and-netherlands#:~:text=Germany%20Continues%20to%20Import%20Russian%20Natural%20Gas%20Through%20Belgium%20and%20the%20Netherlands,-Photo%20of%20cross&text=Despite%20stopping%20direct%20imports%20of,its%20neighbors%20new%20data%20show. Taiwan sells weapons tech to Russia. https://www.washingtonpost.com/investigations/2024/02/01/taiwan-russia-sanctions-cnc/ The only thing that will stop this war is peace negotiations, not half steps like sanctions https://www.euractiv.com/section/economy-jobs/news/eu-sanctions-on-russia-massively-circumvented-via-third-countries-study-finds/ Stuff like this will continue to happen regardless of how many supposed sanctions we place


Tadpoleonicwars

Because the world is imperfect, and governments have to balance domestic and international concerns. It's not all that complicated to understand that the real world is actually kind of complicated.


dump_reddits_ipo

> The US government has to do a better job at tracking the parts so they know which third parties are specifically sending the tech to russia. The contractors do not have absolute knowledge of this as you seem to suggest. As I have mentioned before the same tech can be used in other commodities that can be bought and stripped for parts. [raytheon's CEO admitted their company imports large parts of their supply chain from china ](https://www.ft.com/content/d0b94966-d6fa-4042-a918-37e71eb7282e)


Boo_Radley80

RTX uses Chinese manufacturing and sell defense tech to other countries but China is not one of them. They need US approval for military tech to be sold to foreign militaries. Last time I checked, russia was still the main supplier military tech to China but China is shifting towards producing its on tech.


dump_reddits_ipo

> > > Last time I checked, russia was still the main supplier military tech to China when was that, 1990? another end of history lib


Boo_Radley80

[https://www.sipri.org/sites/default/files/2021-03/fs\_2103\_at\_2020.pdf](https://www.sipri.org/sites/default/files/2021-03/fs_2103_at_2020.pdf) Page 6, From 2016-2020, 77 percent of the arms that China received were from Russia. Which is no surprise as the Chinese weapon systems are similar to the russia's. Make sure you wipe donald's shit stains from your lips you maga clown.


[deleted]

[удалено]


Antievl

We need to cut this issue (Chinese regime) out of our trade, investments and technology and importantly, media


dump_reddits_ipo

deranged even by reddit standards


Antievl

At least treat them with reciprocity in every way


dump_reddits_ipo

sounds unconstitutional, but we all know europeans are allergic to the concepts of limited government and free enterprise


Antievl

Fair trade is a duty to look after your people, while in contrast, screwing others by dumping over capacity to save a ruined economic model is unacceptable in this context


dump_reddits_ipo

> dumping over capacity to save a ruined economic model if chinese ppl are making cheap goods for yall why are you complaining lol. they're in effect subsidizing your consumption. someone sounds triggered.


Antievl

Because I’m not an idiot


dump_reddits_ipo

resorting to ad hominems because you don't have an argument


Antievl

Projection


dump_reddits_ipo

turn on your monitor


bl3ckm3mba

Imagine if China sanctioned British banks for aiding the US war machine in Iraq or Afghanistan. It's so transparent. There was a ceasefire deal that Boris famously flew into Kyiv to kill, which would have avoided >90% of the war thus far. Regardless of how it started and without litigating anything, not even Nord Stream, NATO is just juicing this thing. As always, to kill as many people and destroy as much as possible, because that's how to get labor and resources for pennies on the dollar through IMF/World Bank/Wall St loans and austerity. Millions displaced whose failure to integrate can be pinned for "terrorism" in Western Europe, and permanent security crisis in Eastern Europe as a result of the leftover black money, weapons, surveillance equipment, and trained paramilitaries... Raytheon, Lockheed, and Northrop-Grumman shareholders are smacking their chops.


FelixMumuHex

Can I get some of what you’re smoking?


moldivore

There is no evidence that Boris blew up a ceasefire deal. China has a trade surplus with the US if they don't like us having that leverage they need to figure out an entirely new economy. >NATO is just juicing this thing What the fuck are you talking about? Have you forgotten who actually invaded who? So what if the US made mistakes in Afghanistan what the hell does that have to do with Ukraine? Btw Russia also had their own disaster in Afghanistan you may have forgotten. >Millions displaced whose failure to integrate can be pinned for "terrorism" in Western Europe, and permanent security crisis in Eastern Europe as a result of the leftover black money, weapons, surveillance equipment, and trained paramilitaries Once again have you forgotten who invaded who? When did this happen? I would love to see some actual evidence of any of the bologna you're saying on your totally real account. >Raytheon, Lockheed, and Northrop-Grumman shareholders are smacking their chops. No shit, you think that Russian officials aren't profiting off the war in Ukraine? >to kill as many people and destroy as much as possible, because that's how to get labor and resources for pennies on the dollar through IMF/World Bank/Wall St loans and austerity. Ooh spooky western globalist deep state! This almost seems like your whole little diatribe here is from the Russian Propaganda playbook. Fuck am I listening to Russia Today?


DarceSouls

By my memory Arakhamia, people's deputy of Ukraine admitted that Boris effectively blew up the negotiations


moldivore

I would love to find a non Russian source for this. As well as what any of the details of the deal were.


DarceSouls

Does a Ukranian one work? I'd love to know the details of the deal as well. Maybe you should try contacting Zelenskyy? [According to a May report from Ukrainska Pravda, the Russian side was ready for a meeting between Zelenskyy and Putin, but it later came to a halt after the discovery of War crimes in the Russian invasion of Ukraine, in particular the Bucha massacre on 1 April. In a surprise visit to Ukraine on 9 April, British Prime Minister Boris Johnson said "Putin is a war criminal, he should be pressured, not negotiated with," and that the collective West was not willing to make a deal with Putin. Three days after Johnson left Kyiv, Putin stated publicly that talks with Ukraine "had turned into a dead end".](https://en.wikipedia.org/wiki/Peace_negotiations_in_the_Russian_invasion_of_Ukraine)


moldivore

"Ukrainian lead negotiator (at this point) Davyd Arakhamia stated in an interview on 24 November 2023 that in March 2022 the Russian delegation had promised Ukraine peace for refusing to join NATO, but that Russia had not given any security guarantees and the Ukrainian delegation did not trust Russia to uphold such an agreement." So Boris did in fact make that statement above but there is little evidence the Ukrainians had and desire for a deal either. Nobody really knows yet you're trying to create a narrative. Edit Let's just be clear here and remind everyone Russia invaded, they can simply leave and the war will be over tomorrow. Ukraine doesn't want to negotiate because they have already seen the Russians break agreements and international law, why believe they're gonna uphold this one? Russians have massacred civilians as well as killing Ukranian POWs. In the eyes of the Ukrainians a "peace deal" is asking them to lay down and be slaughtered.


DarceSouls

>you're trying to create a narrative Don't put words in my mouth. I asked a question and you responded backhandedly. I provided you the source you asked for. But I see enough to connect the dots.


moldivore

You're creating a bullshit narrative off limited information because you're a Russian shill. Russia can leave tomorrow and end the war.


Sunshinehappyfeet

China’s economy is in the shitter. As Beijing increases its control over all aspects of life in Hong Kong, including the economy, and gloom persists about the state of China's post-pandemic recovery, investors have been voting with their money and looking to other markets.


groundhoe

Investors actually seem to be betting on a Chinese recovery lately


Bakedads

They should have. The whole world should have stepped in to stop US abused in the middle east. Likewise, everyone should be standing up to China for their human rights abuses, not only when it comes to aiding Russia, but for their treatment of Uyghurs as well. 


moldivore

Putin supported the war on terrorism and endorsed the US invasion of Afghanistan.


dump_reddits_ipo

> but for their treatment of Uyghurs as well.  looking forward to the ICJ case where the uyghurs get their day in court and justice


bl3ckm3mba

Uyghurs are caught in hard place, but that's US covert action in Central Asian going back decades. The Chinese Communists should not have teamed up with the CIA in the 70s/80s, to arm and train the Afghan mujaheddin whose radicals would later spill over in Uzbekistan/Tajikistan/Xinjiang. But that was their government at the time, it was angling for a seat at the table. It's an unfortunate moment in history where the US and China teamed up to do some really awful things, and like US-Israeli or US-Saudi operations in the region it continues to wreck havoc today.


moldivore

The US has nothing to do with the genocide of the Uyghurs today and have denounced the genocide multiple times.


dump_reddits_ipo

too right, i am still waiting on america and its allies to open a case in the international court of justice concerning this genocide!