OPINION: Russian sanctions: Biden admin must tighten, change rules to be taken seriously
it cannot permit serious criminal activity in the United States by Russian oligarchs and others to go unanswered. Nevertheless, the Biden administration has refused to implement sanctions on many Russian companies, including producers of aluminum, even though doing so would have inflicted real pain on Moscow as aluminum is a key Russian export.
President Vladimir Putin gives his annual state of the nation address in Moscow, Russia, Tuesday, Feb. 21, 2023. Now is the time for the Biden administration and Congress to strengthen U.S. economic sanctions and prevent evasion by bad actors. One potential improvement is to toughen the Office of Foreign Assets Control’s so-called"50%" rule. OFAC, which oversees U.S. sanctions implementation, will sanction a foreign entity if a sanctioned person owns 50% or more of that entity.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia could find itself 'naked and barefoot' without assistance from China: Former Russian commanderA former Russian military official suggested the Russian military could run out of equipment this year if China doesn't step in and provide weapons and ammunition.
Read more »
Russian warlord's fiery feud with Putin's generals threatens to bury Russia's ambitionsYevgeny Prigozhin has increasingly put himself at odds with the Russian military establishment, openly criticizing failures in Ukraine to boost his own profile.
Read more »
U.S. Aluminum Producers Support Biden Tariffs on Russian ImportsU.S. aluminum companies say they support the Biden administration’s move to impose steep tariffs on imports of Russian aluminum
Read more »
Biden unveils new Ukraine weapons package, Russia sanctionsRussia’s metals and mining sector is among those targeted in one of the U.S. Treasury Department’s “most significant sanctions actions to date,” according to the agency.
Read more »
'He’s Not Finished': First Lady Jill Biden Says President Joe Biden Ready to RunU.S. first lady Jill Biden gave one of the clearest indications yet that President Joe Biden will run for a second term.
Read more »