COMPARE
UNCLOS is silent on how UNCLOS nations that receive Article 82 royalty revenue should spend it. Recipients are apparently free to spend the funds on military expenditures or simply deposit them into the personal bank accounts of national leaders.
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Related Quotes:
- UNCLOS bureaucracy would redistribute money to dictatorships and be managed by corrupt and unaccountable U.N.
- U.S. seat on ISA board won't necessarily prevent article 82 revenue from going to our adversaries and dictatorships
- UNCLOS has no restrictions on how recipient nations under article 82 have to spend the money
- Article 82 redistribution payments could be used to prop up corrupt governments
VERSUS
The U.S. safeguard against such transfers becomes operative through the interaction of the convention and the 1994 agreement. Convention Article 161, paragraph 8(d) requires consensus of the ISA council to distribute economic benefits, pursuant to Article 162. Section 3, paragraph 15(a) of the annex to the 1994 agreement provides the United States a permanent seat on the council by virtue of being the largest economy on the date of entry into force of the convention.
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