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by tschwimmer
2143 days ago
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OFAC is a result of political and economic realism. Not many people will do business in Venezuela, Iran and North Korea because (among other good reasons) the governments of these countries have shown a propensity of nationalize foreign firms. Foreign companies are free to not do business with the United States if they feel their company is likely to be expropriated. In practice 300m of the world's richest consumers make the US irresistible. Thus, OFAC is tolerated. |
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