sanctions imposed last Sunday and Monday have so far restricted 80% of the Russian banking sector

[yaesu]

The US Treasury Secretary added that sanctions imposed last Sunday and Monday have so far restricted 80% of the Russian banking sector’s assets and “immobilised” about half of the Russian central bank’s assets, according to remarks cited by Reuters news agency.

The rouble, which has lost about a third of its value since the start of the year, touched a fresh record low of 110 to the dollar in Moscow on Wednesday.

The former chair of the US Federal Reserve said she knew there were concerns about members of Russia’s elite using cryptocurrencies as a possible means to evade sanctions, but noted there were anti-money laundering laws in place to prevent that from happening.

The Treasury will continue to “go after oligarchs or Russian elites who are key to President Putin’s corrupt power,” she said.
Washington is preparing a sanctions package targeting more Russian oligarchs as well as their companies and assets, two sources familiar with the matter said on Wednesday.

The original Reuters article https://www.reuters.com/world/us/yellen-says-us-will-address-potential-leakages-russia-sanctions-2022-03-02/

[Laura PourMeADrink]

1. I was reading Fiona Hill's interview. She talked about

How many many companies worldwide have business relationships with Russia. She said we need them all to step up and break ties. But lots of money involved! Not just banking relationships.

[yaesu]

3. and the public companies have a legal obligation not to do anything that would negatively effect

investors so that is another obstacle though I read today that a lot of funds are sheading their Russian investments do to bank & investor pressures.

[Laura PourMeADrink]

6. That's good. Strikes me that all these sanctions will

hurt ordinary Russians... But may be the impetus to remove Putin if they can. Hill said no viable replacement at this time tho. And people just won't vote - which allows Putin to win - just with fewer votes.

[dweller]

4. Is there a link to that interview?

tia


✌🏻

[Laura PourMeADrink]

7. Here's the link. Long but very enlightening.

https://www.politico.com/news/magazine/2022/02/28/world-war-iii-already-there-00012340

[dweller]

9. She's on Colbert tonite

n/t


✌🏻

[Laura PourMeADrink]

11. I know !!!! So refreshing to hear a real expert!

[yaesu]

8. I found the original Reuters link quoted by The Guardian

https://www.reuters.com/world/us/yellen-says-us-will-address-potential-leakages-russia-sanctions-2022-03-02/

[hippywife]

2. Forget something?

Like the link to the article?

[yaesu]

5. Feed is updated quite often with no direct links, just a catch all of latest developments

https://www.theguardian.com/world/live/2022/mar/02/ukraine-news-russia-war-kyiv-kharkiv-russian-invasion-vladimir-putin-joe-biden-latest-live-updates

found the original Reuters link https://www.reuters.com/world/us/yellen-says-us-will-address-potential-leakages-russia-sanctions-2022-03-02/

[lindysalsagal]

10. The Russian learning curve is steep and slow. But if we can start showing them how they've

been the victims of lies and a malevolent dictator, they're gonna come around. But it won't be fast. And it won't be painless.

They're gonna have to suffer hardships, and take responsibility for their government's actions. They are a representative government, whether they think they are or not. Whether they want to be, or not.

The rest of the world is free: They'll be shocked to find out they were kept in chains longer than the rest of the world.

Shut down their economy and start up the food shortages, until they leave Ukraine and Putin.