The United States and its European allies have agreed to levy the most potentially crippling sanctions yet on Russia over its invasion of Ukraine.
The European Union, United States, United Kingdom and other allies have steadily stepped up the intensity of their sanctions since Russia launched the invasion late last week. U.S. officials said Saturday’s steps were framed to send the ruble into “free fall” and promote soaring inflation in the Russian economy.
Saturday’s move also includes cutting key Russian banks out of the SWIFT financial messaging system, which daily moves countless billions of dollars around more than 11,000 banks and other financial institutions around the world. Only rarely have the West and its allies fired a full salvo of its available financial weapons on a country. Iran and North Korea, two previous targets, had far smaller roles in the world economy, while Russia, with its enormous petroleum reserves, plays a much bigger role in global trade, and parts of Europe depend on its natural gas.
Getting the EU on board for sanctioning Russia through SWIFT had been a tough process since EU trade with Russia amounted to 80 billion euros, about 10 times as much as the United States, which had been an early proponent of such measures.
This is really going to hurt the GOP when it comes to fundraising.
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West unleashes SWIFT bans, more crushing penalties on RussiaUkrainians rushed to the borders Saturday as invading Russian troops pressed on with their march toward Ukraine’s capital of Kyiv. At least 150,000 people have fled Ukraine into Poland and other neighboring countries in the wake of the Russian invasion. Are the Russians winning, ch2? Are Ukrainians all running away for in fear of strong and smart Putin?
Source: AKNewsNow - 🏆 460. / 53 Read more »
West unleashes SWIFT bans, more crushing penalties on RussiaWASHINGTON (AP) — The United States and European nations agreed Saturday to impose the most potentially crippling financial penalties yet on Russia over its unrelenting invasion of Ukraine, g… I believe them, too. If anyone is an expert on soaring inflation, it's this administration. Monday going to be a MF for global markets as it reassess frozen wealth. Algorithms don't have that factored in yet. Shanghai, Shenzen, and Hang Sen will be first to watch tomorrow night.
Source: denverpost - 🏆 13. / 72 Read more »
West Unleashes SWIFT Bans, More Crushing Penalties on Russia - Alabama NewsThe United States and its European allies have agreed to levy the most potentially crippling sanctions yet on Russia over its invasion of Ukraine.
Source: ALNewsNetwork - 🏆 583. / 51 Read more »
Investors brace for volatility as West moves to cut Russia off from SWIFTInvestors were preparing on Saturday for more wild gyrations in asset prices after Western nations announced a harsh set of sanctions to punish Russia for its invasion of Ukraine, including blocking some banks from the SWIFT international payments system. Rate my naked photos)😘😘😘 This will affect inflation. We have big inflation issues and now it is bigger
Source: Reuters - 🏆 2. / 97 Read more »
Russia-Ukraine live updates: Ukraine says Russia will be disconnected from SWIFTGerman Chancellor Olaf Scholz announces Germany is dropping its historic position of not providing lethal military aid to conflict zones, saying Russia's 'invasion marks a turning point.' Don’t let the USA be the boss in this whole situation, we all know they can be… Canada ; JustinTrudeau is a follower (yes I’m Canadian) and hides. Every country can make their own decisions . Please Send Aid of Troops. LITERALLY STAND BESIDE UKRAINE. Well done Olaf. 👍
Source: ABC - 🏆 471. / 51 Read more »
Germany Backs Russia SWIFT Restrictions, Allies Send Ukraine More WeaponsThe U.S. and Germany said that they're sending more munitions to Ukraine as the Eastern European country deals with multifaceted attacks from Russian forces. Meanwhile, Germany threw its support behind restricting Russia's access to a key financial system. It'd be a shame if we had a bunch of tanks parked unattended on the Polish border and a troop of Ukrainian solders happened by.
Source: nbcsandiego - 🏆 524. / 51 Read more »