• TransplantedSconie@lemm.ee
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    1 year ago

    So…will they seize the companies assets and arrest the CEO for violating the sanctions?

    Because that’s how you stop this shit.

    • Cleverdawny@lemm.ee
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      1 year ago

      Seizing over a hundred million of oil is a pretty big ouch to any business

      • Rodeo@lemmy.ca
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        1 year ago

        For business sure. But what about consequences for the people who made the decisions?

        • jarfil@lemmy.world
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          1 year ago

          They get fired for losing the company 100 million? They get a bonus for implementing a better way of doing the same thing the next 50 times? Dunno, I’m not an oil smuggling expert.

      • NateNate60@lemmy.ml
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        1 year ago

        Not for the shipping company. It’s not their oil. The Iranians can ask the shipping company for compensation, which they could easily refuse and there isn’t much recourse that the Iranians would have. The Chinese could demand compensation but if the company again refuses or claims insolvency or whatever, it’s easier for the Chinese to just stiff the Iranians with payment instead.

    • Acters@lemmy.world
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      1 year ago

      A dream that won’t come true, these people only see this as part of the risk of doing business and will try again in the same way, hoping to not get caught, or will find a legal loophole.

    • dannoffs@lemmy.sdf.org
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      1 year ago

      You want the United States to arrest someone in Greece for transporting oil from Iran to China? I don’t see how it’s any of our fucking business.

        • tryptaminev@feddit.de
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          1 year ago

          So instead of putting the US capital investors in prison and seizing the assets of the equity firm, they seize the oil and fuck the greek company.

          That is judiciary colonialism

        • dannoffs@lemmy.sdf.org
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          1 year ago

          No. A LA based private equity company technically owned the boat at the time of transfer (they do not own it anymore, it’s been sold to the Greek company). That US based company is seemingly off Scott free in this situation and the Greek company is the one being fined and sanctioned.

          • deft@ttrpg.network
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            1 year ago

            AT THE TIME OF THE TRANSFER

            Watch as he desperately reaches for straws!!

            You literally said this yourself and then ignore that you did lmfao.

            US jurisdiction, just cause they tried musical chairs or whatever is just nonsense of them trying to pull some shit. Case closed sis.

      • TransplantedSconie@lemm.ee
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        1 year ago

        Seeing how they pled guilty and paid a 2.5 Million dollar fine and 3 years probation, I guess it was our fucking business.

        • dannoffs@lemmy.sdf.org
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          1 year ago

          They plead guilty to violating the IEEPA, which is a law we passed that says if we declare an emergency we can regulate whatever international commerce we feel like. The US being being wealthy enough that companies choose to comply so they can still have our business doesn’t make it right.

      • partial_accumen@lemmy.world
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        1 year ago

        The company is Greek.

        The ship was owned by a US company:

        "But the Suez Rajan case was unique at the time of the transfer because it was owned by the Los Angeles-based private equity firm Oaktree Capital Management. "

        source

        • TokenBoomer@lemmy.world
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          1 year ago

          Great. You got me on a technicality. So it’s okay for any country to steal oil from another if that tanker, or it’s propeller, was once owned by the thieving country?

              • partial_accumen@lemmy.world
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                1 year ago

                Not piracy. Being held accountable to the laws in which there is proper jurisdiction.

                You’re making a strange nonsensical argument. Lets plug your argument into a similar theoretical situation:

                Lets say a US company owns a truck and is transporting cocaine in the United States from a South American drug cartel to their drug distribution networks in Vancouver, British Columbia. The police pull over the truck and find the drugs. Being illegal they seize the truck and the drugs. You’re arguing the South American drug cartel should be given their cocaine back because the cartel and the drug distribution network in Vancouver is outside of the United States. That makes your logic laughably naive, willfully ignorant, or maliciously in bad faith.

                • TokenBoomer@lemmy.world
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                  1 year ago

                  What gives the US proper jurisdiction? Iran did not agree to be sanctioned. Nor do they have to adhere to a law made in the United States, unless they agreed to it internationally. My argument is sound. Other countries don’t have to obey US law, unless they agreed to that law. This isn’t difficult.

                  • partial_accumen@lemmy.world
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                    1 year ago

                    What gives the US proper jurisdiction?

                    The company that chose to operate within the US jurisdiction, in these cases, by owning the vehicles to doing the transport.

                    Iran did not agree to be sanctioned.

                    What kind of schoolyard logic are you working with here? Do you really have no idea how geopolitics works? No country has to have permission to sanction another. It is a choice one country makes to no buy from another. There is nothing preventing Iran from selling its oil to China. They’re just not allowed to do it with anything that is owned by the US government, US companies and those countries that choose to follow the same sanctions.

                    Nor do they have to adhere to a law made in the United States, unless they agreed to it internationally.

                    They absolutely do if they’re using something owned by the USA, in this case the tanker itself.

                    My argument is sound.

                    Your argument is naive, willfully ignorant, or maliciously in bad faith.

                    Other countries don’t have to obey US law, unless they agreed to that law.

                    Indirectly Iran agreed to it with the use of a US owned tanker. Why did they think they could do that when it breaks US law?

                    This isn’t difficult.

                    I agree it isn’t difficult. Don’t want to be bound by US rules and law? Don’t use US owned property, operating in US waters, use US banking systems, or any of the other countries that choose to follow US sanctions against a country. See how easy it is?

          • SCB@lemmy.world
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            1 year ago

            you got me on a technicality

            “I can declassify anything I want just by thinking about it”

        • TokenBoomer@lemmy.world
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          1 year ago

          Your justifying piracy. It’s okay when we do it. But not when they do. How magnanimous.

          • SCB@lemmy.world
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            1 year ago

            This is the opposite of what magnanimous means.

            mag·nan·i·mous

            /maɡˈnanəməs/

            adjective

            generous or forgiving, especially toward a rival or less powerful person.