In addition to the severe sanctions that Joe Biden has promised, the White House says it is ready to deploy another economic weapon if Vladimir Putin goes ahead with his planned invasion of Ukraine.
In addition to the severe sanctions that Joe Biden has promised, the White House says it's ready to deploy another economic weapon if Vladimir Putin goes ahead with his planned invasion of Ukraine.
Many questions remain about how effective the rule would be at penalizing Russia. However, the U.S. has effectively deployed it in other circumstances — and administration officials promise it will be a key lever to cut off Russia. "Russia would be cut off from all of the bones of the future development of artificial intelligence and, let's say, all of the technology that's likely to power the 21st century economy,” Rediker said. "[It's] the first time the U.S. has ever floated something like that [and] it doesn't actually require the EU to come along."
While Chinese companies would likely not be swayed, Singh noted: "We think we have an asymmetric advantage when it comes to the foundational technologies of our time. There really is no ability for Russia to replace or compensate for the denial of these inputs from anywhere else, including China.”
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