Russian supply chains next in line for sanctions, deputy U.S. treasury secretary says

[highplainsdem]

Source: Reuters

LONDON, March 29 (Reuters) - The United States and its allies plan new sanctions on more sectors of Russia's economy that are critical to sustaining its invasion of Ukraine, including supply chains, Deputy U.S. Treasury Secretary Wally Adeyemo said on Tuesday.

Adeyemo, speaking in London on a European trip to consult with allies on strengthening and enforcing sanctions to punish Russia, said the broadening of those efforts was aimed at undermining "the Kremlin's ability to operate its war machine".

"In addition to sanctioning companies in sectors that enable the Kremlin's malign activities, we also plan to take actions to disrupt their critical supply chains," Adeyemo told an event at the think tank Chatham House.

"Our goal is to use an integrated approach that includes export controls which will bite over time and sanctions that will bite immediately," he said, adding they would also target alternative military suppliers used by Russia.

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Read more: https://www.reuters.com/business/us-allies-aim-sanctions-more-russian-sectors-supply-chains-treasurys-adeyemo-2022-03-29/

[rockfordfile]

1. I agree

[cstanleytech]

2. If if the fighting stops the sanctions must and should remain enforced until Russia withdraws all of

troops from Ukrainian territory including the Crimean and all Russian troops and Putin are arrested and put on trial for war crimes.

[Sherman A1]

3. +1

[paleotn]

4. Wondering the last few days how this will end...

Will the EU want to roll back sanctions just as soon as the shooting stops? Even with Putin still in power? Or will they want to keep the pressure applied until he either goes away or takes the long, dirt nap? They flipped out when Biden acknowledged the elephant in the room...that nothing constructive can come of this unless Putin goes...so I'm not too hopeful. Particularly since the sanctions are hurting their own economies in the short term. In my mind, EU nations might lean more towards a return to soft normality instead of doing the hard work of building a more secure Europe. Hope I'm wrong. They've got plans to ween themselves off relaying so heavily on Russian fossil fuels. But those are just plans at this point.

And what of reparations? The other elephant in the room. Do we take Russia's frozen foreign reserves and use it to rebuild Ukraine? Or will Germany and France consider that a little too "Versailles" for their tastes? Then how will Ukraine rebuild? They don't have the deep pockets of a western state. They have limited ability to raise capital in sovereign debt markets, particularly with a sworn enemy still on their border. Certainly not on the scale they will need to put things back together. The ending will be as fraught and uncertain as the beginning. More so probably. I'm sure better minds than mine are working on that right now. At least I hope so.

[2live is 2fly]

5. Russian $$$ Need to be Confiscated to Pay to Rebuild Ukraine

The Russians are responsible for billions of dollars in damages. There are billions of dollars now frozen in the worlds banks. That money needs to remain frozen until every Ukrainian brick has been replaced and every building and home has been rebuilt. Also Russia should have to pay for all the travel, food and shelter expenses that happen anytime there are millions of refugees. Maybe that would also discourage the next tyrant (probably Russia agn or China) from pulling a Putin.