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Yo_Mama_Been_Loggin

(107,063 posts)
Tue Feb 22, 2022, 02:56 PM Feb 2022

EXPLAINER: A look at toughest US sanctions facing Russia

Washington (AP) — With the White House calling Russian deployments in eastern Ukraine an invasion, it’s expected to follow up with tough sanctions. President Joe Biden has made clear the United States intends to deploy sweeping financial penalties, not American troops, to hit Russia over President Vladimir Putin's moves against Ukraine.

The Biden administration says its toughest sanctions package, already worked out in consultation with European allies, would be enough to hit Putin and Russia's elites, cripple Russia's ability to do business internationally, and likely bring on a recession there.

Here's a look at some of the tougher possible penalties that U.S. leaders have been holding in abeyance — while watching for new Russian steps against Ukraine, including any possible Russian moves against additional Ukraine territory. The U.S. has yet to fully disclose which of the options it will use.

NORD STREAM 2:

Germany announced Tuesday that it would suspend its certification of the newly built but never operated Russia-to-Germany Nord Stream 2 pipeline. A multibillion-dollar project of Russia's Gazprom energy company and European companies, the pipeline would carry Russia’s natural gas to the lucrative markets of Europe. It's been a top target of the Biden administration and Republican and Democratic lawmakers alike, who say the project was a strategic mistake from the start, increasing Putin’s political power over Europe by prolonging Europe’s dependence on Russia’s natural gas.

-more-

https://www.msn.com/en-us/news/world/explainer-a-look-at-toughest-us-sanctions-facing-russia/ar-AAUag5m

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EXPLAINER: A look at toughest US sanctions facing Russia (Original Post) Yo_Mama_Been_Loggin Feb 2022 OP
SWIFT underpants Feb 2022 #1

underpants

(182,271 posts)
1. SWIFT
Tue Feb 22, 2022, 03:14 PM
Feb 2022

SWIFT

For the U.S. and its European allies, cutting Russia out of the SWIFT financial system, which shuffles money from bank to bank around the globe, would be one of the toughest financial steps they could take, damaging Russia’s economy immediately and in the long term. The move could cut Russia off from most international financial transactions, including international profits from oil and gas production, which in all accounts for more than 40% of the country’s revenue.

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