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.
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