U.S. plans to cut ties with targeted Russian banks if Ukraine is invaded, sources say

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U.S. also will use most powerful sanctioning tool against certain Russian individuals

The sources said the package could change up to the last minute and it was unclear who the targets would be. However, they believe top Russian financial institutions including VTB Bank, Sberbank, VEB, and Gazprombank are possible targets.

Sources noted that the administration could exempt certain transactions from the restrictions if deemed necessary. “The goal of the financial sanctions is really to have short term upfront costs on Russia, to trigger capital flight, to trigger inflation, to make the Russian central bank provide bailouts to its banks,” he said in a speech late last month.

 

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Putin is playing this game at his own pace. The Europeans do not want war, and they are worried about US and Russia simultaneously. US is the one pushing the war propaganda, and the Europeans clearly don’t buy that.

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