General Discussion
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(32,778 posts)dalton99a
(81,515 posts)This past week, alongside our diplomatic efforts and collective work to defend our own borders and to assist the Ukrainian government and people in their fight, we, as well as our other allies and partners around the world, imposed severe measures on key Russian institutions and banks, and on the architects of this war, including Russian President Vladimir Putin.
As Russian forces unleash their assault on Kyiv and other Ukrainian cities, we are resolved to continue imposing costs on Russia that will further isolate Russia from the international financial system and our economies. We will implement these measures within the coming days.
Specifically, we commit to undertake the following measures:
First, we commit to ensuring that selected Russian banks are removed from the SWIFT messaging system. This will ensure that these banks are disconnected from the international financial system and harm their ability to operate globally.
Second, we commit to imposing restrictive measures that will prevent the Russian Central Bank from deploying its international reserves in ways that undermine the impact of our sanctions.
Third, we commit to acting against the people and entities who facilitate the war in Ukraine and the harmful activities of the Russian government. Specifically, we commit to taking measures to limit the sale of citizenshipso called golden passportsthat let wealthy Russians connected to the Russian government become citizens of our countries and gain access to our financial systems.
Fourth, we commit to launching this coming week a transatlantic task force that will ensure the effective implementation of our financial sanctions by identifying and freezing the assets of sanctioned individuals and companies that exist within our jurisdictions. As a part of this effort we are committed to employing sanctions and other financial and enforcement measures on additional Russian officials and elites close to the Russian government, as well as their families, and their enablers to identify and freeze the assets they hold in our jurisdictions. We will also engage other governments and work to detect and disrupt the movement of ill-gotten gains, and to deny these individuals the ability to hide their assets in jurisdictions across the world.
Finally, we will step up or coordination against disinformation and other forms of hybrid warfare.
We stand with the Ukrainian people in this dark hour. Even beyond the measures we are announcing today, we are prepared to take further measures to hold Russia to account for its attack on Ukraine.
https://ec.europa.eu/commission/presscorner/api/files/document/print/en/statement_22_1423/STATEMENT_22_1423_EN.pdf
Wingus Dingus
(8,054 posts)to know if this is good, bad, watered-down and ineffective, or the start of WW3. However, the fact that they're starting with select banks MIGHT be a good way to go, if each individual bank is seen as a "hostage", for lack of a better word, which allows for pressure to potentially be amped up in increments, as Russia continues its aggression. Someone can and should correct me if I'm on the wrong track.
SheltieLover
(57,073 posts)FakeNoose
(32,645 posts)NowISeetheLight
(3,943 posts)I read some if the EU werent onboard with this because theyre dependent on Russia for oil and natural gas.
LetMyPeopleVote
(145,321 posts)Link to tweet
This past week, alongside our diplomatic efforts and collective work to defend our own borders and to assist the Ukrainian government and people in their fight, we, as well as our other allies and partners around the world, imposed severe measures on key Russian institutions and banks, and on the architects of this war, including Russian President Vladimir Putin.
As Russian forces unleash their assault on Kyiv and other Ukrainian cities, we are resolved to continue imposing costs on Russia that will further isolate Russia from the international financial system and our economies. We will implement these measures within the coming days.
Specifically, we commit to undertake the following measures:
First, we commit to ensuring that selected Russian banks are removed from the SWIFT messaging system. This will ensure that these banks are disconnected from the international financial system and harm their ability to operate globally.
Second, we commit to imposing restrictive measures that will prevent the Russian Central Bank from deploying its international reserves in ways that undermine the impact of our sanctions.
Third, we commit to acting against the people and entities who facilitate the war in Ukraine and the harmful activities of the Russian government. Specifically, we commit to taking measures to limit the sale of citizenshipso called golden passportsthat let wealthy Russians connected to the Russian government become citizens of our countries and gain access to our financial systems.
Fourth, we commit to launching this coming week a transatlantic task force that will ensure the effective implementation of our financial sanctions by identifying and freezing the assets of sanctioned individuals and companies that exist within our jurisdictions. As a part of this effort we are committed to employing sanctions and other financial and enforcement measures on additional Russian officials and elites close to the Russian government, as well as their families, and their enablers to identify and freeze the assets they hold in our jurisdictions. We will also engage other governments and work to detect and disrupt the movement of ill-gotten gains, and to deny these individuals the ability to hide their assets in jurisdictions across the world.
Finally, we will step up or coordination against disinformation and other forms of hybrid warfare.
We stand with the Ukrainian people in this dark hour. Even beyond the measures we are announcing today, we are prepared to take further measures to hold Russia to account for its attack on Ukraine.
###
BlueCheeseAgain
(1,654 posts)I don't know enough to evaluate this. But I really, really hope that the EU and US are not backing away from sanctions just because they might hurt our own economies. Now is the time for all necessary sacrifice to contain Putin and support Ukraine.
LetMyPeopleVote
(145,321 posts)LetMyPeopleVote
(145,321 posts)Cha
(297,311 posts)of that before he committed the War Crime of Invading Ukraine?
"Backstabbing" is it!
💙
Cha
(297,311 posts)that EU was holding back.. well No More!
Rts TY, the US & the EU!
💙