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 ↗
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...
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.