SMART: Biden Enlists Asian Partners for Unprecedented Russia Sanctions Plans-Semiconductors...

[riversedge]

Nice to have friends in high places.

Link to tweet

?s=20&t=bs6gbFz3xlCjbpauNf0fNA



Report
Biden Enlists Asian Partners for Unprecedented Russia Sanctions Plans
Restrictive export controls, including on semiconductors, may be more effective than Western sanctions alone.

https://foreignpolicy.com/2022/02/22/biden-russia-ukraine-sanctions-asia-allies-export-controls-invasion-plans/

By Jack Detsch, Foreign Policy’s Pentagon and national security reporter, and Robbie Gramer, a diplomacy and national security reporter at Foreign Policy.

February 22, 2022, 10:19 AM

The Biden administration is in talks with economic powerhouses in Asia to gain their support for severe sanctions and export control packages against Russia as tensions mount over Russian troops deploying to breakaway regions in eastern Ukraine.


Washington has so far received support from Singapore, Japan, and Taiwan for plans to implement restrictive export controls on Russia, three U.S. sources tell Foreign Policy, part of a broader sanctions package aimed at crushing Russia’s economy and technology sectors should the Kremlin move forward with plans to launch a full-fledged invasion of Ukraine. The three Asian countries are major producers of semiconductors, computer chips, and other high-end technological exports that Russia is reliant on.

These latest developments, described to Foreign Policy by three people who are familiar with the matter, demonstrate the global ripple effect of implementing massive sanctions programs targeting Moscow. The knock-on impacts of any economic reprisals against Russia would extend well beyond Europe’s borders.

The plan follows a relatively new playbook in the world of economic warfare, one that U.S. officials most recently used to target a Chinese telecommunications giant, Huawei. The Foreign Direct Product Rule, as the policy is known, extends U.S. jurisdiction over products made with U.S. software or technology, even if those products are made abroad by foreign companies without other ties to the United States. If implemented, it could hit many sectors of Russia’s economy in a way traditional sanctions might not—blocking Russia from importing technology critical to its oil and gas sectors; maritime, defense, and civil aviation industries; and even the import of cars, smartphones, and other consumer electronics.



“All semiconductors on the planet are made with U.S. software or tools in part, so this will catch any destined to Russia,” Kevin Wolf, a former senior Commerce Department official now at the Akin Gump law firm, told Foreign Policy in an email. “Unlike sanctions, jurisdiction attaches to the item—and the nationality of the companies involved is irrelevant.”

........................................

[duforsure]

1. That's great. Now add a new push to reduce oil dependence,

And promote self reliance using renewable energy to eliminate using russian and Saudi oil. They both have weaponized oil and gas, so one way to reduce that and their profiting from it, and using that money for terrorism, is to get away from oil and gas use. With them causing higher energy costs it make renewables more affordable now, and takes away being held hostage over and over again.

[riversedge]

2. you are right. It may be a silver lining to this horrible conflict--IF nations take advantage of

this ????

[blue-wave]

3. Good, Very Good

Earlier today I was wondering about Asia and if that region of the world was joining in on sanctions.

[Scrivener7]

4. Biden is doing this perfectly. His experience is showing, but more importantly, his

temperament makes him the perfect guy to handle this.

I think Putin has made a big mistake here. Russia is going to suffer badly and it's going to start quickly. This might be Vlad's downfall.