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appearances matter move to switzerland

appearances matter move to switzerland

Posted Feb 2, 2025 8:11 UTC (Sun) by lunaryorn (guest, #111088)
In reply to: appearances matter move to switzerland by johnjones
Parent article: The Linux Foundation on global regulations and sanctions

You'd think that if it was that simple everyone would've done it already, and sanctions would not have any effect at all. And indeed, turns out it's just not that simple.

The US generally holds that its sanction and export control laws apply worldwide; it specifically expects any entity doing business with any US entity to obey those laws. As such, Switzerland would not provide any relief; those laws would apply all the same.

Do remember that after the US sanctioned members of the Hong Kong government for their involvement in suppressing civil resistance against national security laws in 2020, the Hong Kong chief of government had her salary paid in cash because even Chinese banks closed her accounts for fear of secondary sanctions.


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