ICC judge on what U.S. sanctions mean for her and global courts
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Unofficial Hacker News client; not affiliated with Y Combinator.
ICC judge on what U.S. sanctions mean for her and global courts
Unofficial Hacker News client; not affiliated with Y Combinator.
msdz · · focus · HN ↗
For the U.S., because sanctioning an “unpleasant”, but in essence harmless individual (geopolitically speaking) is ridiculous. Falling victim to de-banking alone can really ruin one’s life.
And for the EU, because it once again showcases the dependence on U.S. systems for just about anything tech-related in everyday life and work.
wereHamster · · focus · HN ↗
QDwQ1 · · focus · HN ↗
msdz · · focus · HN ↗
If you don’t follow sanctions, other banks either with branches doing business in the U.S., or their partner banks, will refuse to continue banking with you out of fear for not following sanctions – which include banks enabling sanction-circumvention. Essentially, even if the bank doesn’t want to deal with USD (which most banks would still like to do!), you’re still bound by the sanctions. A bank won’t survive long or well if it’s cut off from a majority of other banks.
RobotToaster · · focus · HN ↗
cherryteastain · · focus · HN ↗
China does this via laws that say, if you do not provide services to Chinese citizens/entities citing foreign sanctions, they can send you to a gulag forever. Seems to be fairly effective, considering how heavily sanctioned Huawei is.
jorvi · · focus · HN ↗
deaux · · focus · HN ↗
All these hard "immediate consequences" scenarios are pure fiction. Not because they can't become truth, they can. But there's a hundred other possibilities. Literally sticking to the "letter of the law" is just one of them, and not a particularly likely one.
HDThoreaun · · focus · HN ↗
beached_whale · · focus · HN ↗
abdullahkhalids · · focus · HN ↗
The only solution would be similar to what China exercised. The EU passes an order telling all EU entities to not comply with US sanctions or face legal problems. Then it comes down to how the US responds and whether EU can take that hit.
[1] <a href="https://www.whitehouse.gov/presidential-actions/2025/02/imposing-sanctions-on-the-international-criminal-court/" rel="nofollow">https://www.whitehouse.gov/presidential-actions/2025/02/impo...
RobotToaster · · focus · HN ↗
Unfortunately, the fact that they haven't done this just makes the EU look like a paper tiger.
microtonal · · focus · HN ↗
They could have immediately activated the trade bazooka when Trump was threatening Greenland, but the slower diplomatic approach also worked and led to far less damage on both sides.
laimewhisps · · focus · HN ↗
nostrademons · · focus · HN ↗
The effect of these transitive sanctions is to create trading blocks. If you want to do business with the U.S, you don't do business with sanctioned entities. If other world powers (like China or the EU) want to negate the power of U.S. sanctions, they pass laws that people in their countries must not comply with U.S. sanctions or risk being sanctioned themselves. Now firms are stuck: if they comply with one set of sanctions they are in violation of another, and vice versa, and so it becomes impossible to comply with all of them. Their two options are: 1) comply with their local, national trading bloc and forego the benefits of globalization and trade or 2) become an outlaw, get the benefits of trade, but risk the ire of national authorities.
#2 seems rather unthinkable right now, coming off the Pax Americana, but it was actually quite common during historical periods like the one we're headed into. That's the choice made by pirates during the 1600s; by American colonists in the 1770s; oftentimes by frontier settlers in ~1860s America; and by numerous non-state nations like Jews or Gypsies throughout history. Plus, the Internet and cryptocurrencies and VPNs and Tor and residential proxies all exist. The technology is there for a market state that crosses national boundaries, and the social conditions are building.
Notice I said "outcome" rather than "solution", as I think people can see many things wrong with this. You'll kinda get whatever emerges, which probably is not an improvement on what we had from 1990-2020.
microtonal · · focus · HN ↗
There are strong calls from the EP now for the EC to prepare the blocking statute:
<a href="https://www.politico.eu/article/block-us-sanctions-on-the-icc-eu-lawmakers-tell-commission/" rel="nofollow">https://www.politico.eu/article/block-us-sanctions-on-the-ic...
<a href="https://finance.ec.europa.eu/eu-and-world/open-strategic-autonomy/extraterritoriality-blocking-statute_en" rel="nofollow">https://finance.ec.europa.eu/eu-and-world/open-strategic-aut...