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Date: 11 months ago   Category: Finances

Protection against sanctions: theory and practice


The plan of measures prepares the Security Council. In particular, it is the international agreements not to use the American right. Whether it will help and that real business thinks? Photo: depositphotos.com will think up the Security Council how to be protected from new sanctions. Some details are given by RBC. In particular, it is the international agreements not to use the American right. The Pskov businessman Andrey Petrov is going to become an exporter. He is a founder of the Vodakom company which produces drinking water. At first the businessman wanted to export it to the Baltics and Western Europe — the benefit nearby. But, when sanctions war has begun, I have understood that these markets for his company are closed. Business FM has asked the businessman whether there are adequate measures which will help the Russian business without fear of sanctions to work in other countries, and has sounded what is discussed in the Security Council. Andrey Petrov has hit question with a question: "Why to break the closed door if it is possible to receive really negative reaction? It is business, can not carry in other situation. Nobody will cancel the sanction, and in the next 20-30 years, I think, hardly they will be gone somewhere. If to sit and think only of sanctions that it is bad, it is one question and if to think how further to live and develop, I think, it is necessary to look for other markets where there are no sanctions". And here what, according to RBC, is prepared in the Security Council: to agree with foreign partners that sanctions aren't force majeure and not to use the American right with other states. In the theory looks good, but when have imposed sanctions against RUSAL, his partners right there announced force majeure. Among them — Glencore and Rio Tinto. Force majeure means that they can't satisfy conditions of contracts on the circumstances which aren't depending on them — and it just and there are USA and the American right. And it is doubtful that in such conditions partners will sign with the Russian companies the relevant contracts, as well as country agreements on the ban on the American right. It is possible to forbid as much as necessary, but while calculations go in dollars and the companies have dollar accounts, the USA will exercise the right to punish. Though the idea good, the director of the Moscow office of the Tax Consulting UK company Eduard Savulyak:eduard Savulyak the director of the Moscow office of the Tax Consulting UK company "Says if any state doesn't adhere to standards of the American right and if Americans tell: "No to block accounts of this organization, not to buy from it oil or gas", and other state will tell: "No, you to us not the decree, we will buy", on the one hand, in it, at least so far, is a little trusted, but if someone under it subscribes, at least several states, will already live slightly easier". The position last year was shown by Europe: she against new anti-Russian sanctions of the USA. But Brussels also against renewal of the anti-Iranian sanctions, and when Donald Trump has signed the decree, has stated that it won't support action of Washington. But it words, and in practice the European Union began to reduce purchases of the Iranian oil. I have refused her and

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