3:15 PM, Jul 21, 2014 • By GEOFFREY NORMAN
When nations start imposing sanctions and embargoes on each other, black markets and hoarding follow as light comes with dawn. Witness Cuban cigars, which never went away and became even more desirable, especially as a status item favored by international types who smoked them to demonstrate that they knew where, and how, to get them.
Since scarcity—or even its prospect—drives hoarding, it is almost inevitable that there will be a push to buy up Russian items. So what do the Russians make that anyone wants? We all know that they pump and ship a lot of oil but after that …? Fur coats? Seems they were big in sable and such at one time. But that's small stuff. Caviar? Maybe, but that would fall into the same category as those Cuban cigars. There is not an especially broad appetite for unaffordable fish eggs.
But then there is the Russian product that is instantly recognizable and abundant around the world: the AK-47. So, as Aaron Smith at CNN Money reports, "AK-47s become hot commodity after U.S. sanctions."
"We sell some of the Kalashnikov Concern stuff and that has been selling fast," said Robert Keller, manager of K-Var Corp., a Las Vegas-based online gun distributor.
Keller said his company has been sold out of the guns since the sanctions went into effect. On K-Var's web site, AK-47s are listed as "out of stock."
The real Hillary record on Iran sanctionsJun 9, 2014, Vol. 19, No. 37 • By JOEL WINTON
Hillary Clinton will shortly release a memoir, Hard Choices, chronicling her tenure as secretary of state. If what she has to say in its pages resembles what she had to say from the stage at the American Jewish Committee’s (AJC) annual Global Forum on May 14—where she claimed undue credit for implementing sanctions against Iran—it’s worth setting the record straight now.
1:11 PM, May 17, 2014 • By GEOFFREY NORMAN
In the Ukraine crisis, the weapons of choice for the Obama administration and NATO have been lots of stern talks followed up by exceedingly anemic sanctions.
7:02 AM, May 13, 2014 • By JERYL BIER
Given the lack of foreign policy success with "red line" threats of military force, the Obama administration has apparently broadened the definition of "use of force" to include financial threats of red ink against Russia for recent actions in Ukraine. U.S. ambassador to the U.K. Matthew Barzun wrote an editorial on May 10 for the U.K.
5:08 PM, Apr 15, 2014 • By DANIEL HALPER
Marco Rubio is pushing President Obama to strengthen Russian sanctions. “Russia’s efforts to foment unrest in eastern Ukraine are tantamount to another violation of Ukraine’s sovereignty. Assertions from Moscow that Russia is not involved hold little credibility, particularly in the wake of its unlawful annexation of Crimea," the Florida senator writes in a statement released by his office.
12:59 PM, Apr 1, 2014 • By GEOFFREY NORMAN
The non-military measures taken against Russia for its actions in Crimea and against its threatened invasion of Ukraine has not, as yet, had any discernible military effect. Reuters reports that NATO’s Secretary General, Anders Fogh Rasmussen
11:10 AM, Mar 22, 2014 • By DANIEL HALPER
Josh Gelernter on how to sanction the Russians:
Crimea has been annexed, and the Kremlin isn’t impressed by meager American Anschluss sanctions. More sanctions are evidently coming, and they present an opportunity.
1:25 PM, Mar 18, 2014 • By GEOFFREY NORMAN
As William Maclean of Reuters reports, Iran has not let deals and agreements get in the way of its effort to build a bomb. He interviewed:
7:38 AM, Mar 6, 2014 • By DANIEL HALPER
President Obama "has signed an Executive Order that authorizes sanctions on individuals and entities responsible for activities undermining democratic processes or institutions in Ukraine," according to the White House.
White House spokesman Jay Carney explains in a statement:
The White House gets what it wants.Mar 3, 2014, Vol. 19, No. 24 • By LEE SMITH
The economic news from Tehran is good—good, that is, if you are a state sponsor of terror moving toward a nuclear weapons program. If on the other hand you were hoping that sanctions might persuade the Iranians to cease and desist, the news is disastrous.
4:31 PM, Feb 14, 2014 • By LEE SMITH
Over at the Washington Free Beacon today, Adam Kredo’s report confirms what THE WEEKLY STANDARD has been reporting since the November meeting in Geneva where the P5+1 came to an interim agreement with Iran over its nuclear program: the