|Obama to Forbid Russians to Invest in USA|
|by Tom McGregor||Tue, May 6, 2014, 03:20 AM|
President Barry Obama believes that the best way to sanction Russia is by forbidding them from investing in the United States of America. It's called the "sanctions boomerang," where you can punish Russia by punishing the American economy.
The Houston Chronicle reports that, "The United States is planning to use an anti-tax-evasion law to punish Russia for its actions in Ukraine, a tactic that could prove to be more costly than sanctions. The law was passed in 2010, long before the crisis in Ukraine. But it could become a powerful economic weapon."
Obama is making a bold statement as if he were saying, "keep Ivan from buying US stocks, bonds and mutual funds, and force him to put his Rubles into the Russian economy."
According to the Houston Chronicle, "The new law means Russian banks that buy U.S. securities after July 1 could forfeit 30 percent of the interest and dividend payments. The withholding applies to stocks and bonds, including U.S. Treasurys. Some previously owned securities would be exempt from the withholding, but in general, previously owned stocks would not."
Obama is putting a Red Line on Russians investing in America.
To read the entire article from the Houston Chronicle, link here:
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