But the truth of the matter is that, like so many other Clinton flim-flams, this one is not the real deal since LOST has not actually been amended at all.

CENTERFORSECURITYPOLICY: Protect US sovereignty: Sink the Law of the Sea

If the U.S. government permits such flim-flams as parent-to-subsidiary laterals and barter arrangements as a substitute for cash to circumvent ILSA (and, any other sanction regime), it can forget about having sanctions serve in the future as an effective policy alternative to generally ineffectual diplomatic demarches and draconian military responses.

CENTERFORSECURITYPOLICY: Center For Security Policy