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White House And EU Announce Expulsion Of ‘selected Russian Banks’ From SWIFT - Foreign Affairs - Nairaland

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White House And EU Announce Expulsion Of ‘selected Russian Banks’ From SWIFT by Cousin9999: 1:18am On Feb 27, 2022
The White House, along with France, Germany, Italy, the United Kingdom and Canada, announced Saturday evening that they would expel certain Russian banks from SWIFT, the high-security network that connects thousands of financial institutions around the world, pledging to “collectively ensure that this war is a strategic failure for (Russian President Vladimir) Putin.”

“This will ensure that these banks are disconnected from the international financial system and harm their ability to operate globally,” they wrote in a joint statement released by the White House, also pledging “restrictive measures that will prevent the Russian Central Bank from deploying its international reserves in ways that undermine the impact of our sanctions,” and restricting the sale of “golden passports” that allow Russian oligarchs to avoid the brunt of sanctions already levied.

US and European officials have also discussed targeting the Russian Central Bank with sanctions, according to two people familiar with the talks, a step without precedent for an economy of Russia’s size.

No final decisions have been made, the people said, and the structure of the sanctions under discussion remains unclear.

But the moves made for a dramatic escalation of the West’s attempts to isolate and punish Putin, and appeared to come together quickly over the past hours and days. At a press conference Thursday, Biden was pressed on why he had avoided removing Russia from SWIFT or sanctioning Putin personally. Less than 48 hours later, he’d done both.

Read more here
https://www.cnn.com/2022/02/26/politics/biden-ukraine-russia-swift/index.html

[img]https://c./MwZJwvxSdQ4AAAAM/shaq-shaquille-o-neal.gif[/img]

1 Like

Re: White House And EU Announce Expulsion Of ‘selected Russian Banks’ From SWIFT by CoronaVirusPro: 1:30am On Feb 27, 2022
Brilliant!

2 Likes 1 Share

Re: White House And EU Announce Expulsion Of ‘selected Russian Banks’ From SWIFT by venabili: 1:33am On Feb 27, 2022
Good

1 Like

Re: White House And EU Announce Expulsion Of ‘selected Russian Banks’ From SWIFT by Cousin9999: 1:50am On Feb 27, 2022
......

Re: White House And EU Announce Expulsion Of ‘selected Russian Banks’ From SWIFT by FERNANDEZISBACK: 2:59am On Feb 27, 2022
The oligarchs have no where to run to..their asset confiscated...they better tell Putin the weak dictator to retreat now that there is still little chance before his economy crashes finally..
They want to invade and conquer Ukraine for their selfish benefit.. Putin is only trying so hard to please those Soviet buzzos who are very corrupt..

Let them all rot in Russia..look how fast everyone is cancelling them..
Re: White House And EU Announce Expulsion Of ‘selected Russian Banks’ From SWIFT by chukwuibuipob: 3:03am On Feb 27, 2022
coolvery Good . Can't dey use HELL FIRE in their arsenal and destroy Moscow
Re: White House And EU Announce Expulsion Of ‘selected Russian Banks’ From SWIFT by Cousin9999: 3:20am On Feb 27, 2022
Re: White House And EU Announce Expulsion Of ‘selected Russian Banks’ From SWIFT by AlphaTaikun: 4:25pm On Feb 27, 2022
Cousin9999:
The White House, along with France, Germany, Italy, the United Kingdom and Canada, announced Saturday evening that they would expel certain Russian banks from SWIFT, the high-security network that connects thousands of financial institutions around the world, pledging to “collectively ensure that this war is a strategic failure for (Russian President Vladimir) Putin.”

“This will ensure that these banks are disconnected from the international financial system and harm their ability to operate globally,” they wrote in a joint statement released by the White House, also pledging “restrictive measures that will prevent the Russian Central Bank from deploying its international reserves in ways that undermine the impact of our sanctions,” and restricting the sale of “golden passports” that allow Russian oligarchs to avoid the brunt of sanctions already levied.

US and European officials have also discussed targeting the Russian Central Bank with sanctions, according to two people familiar with the talks, a step without precedent for an economy of Russia’s size.

No final decisions have been made, the people said, and the structure of the sanctions under discussion remains unclear.

But the moves made for a dramatic escalation of the West’s attempts to isolate and punish Putin, and appeared to come together quickly over the past hours and days. At a press conference Thursday, Biden was pressed on why he had avoided removing Russia from SWIFT or sanctioning Putin personally. Less than 48 hours later, he’d done both.

Read more here
https://www.cnn.com/2022/02/26/politics/biden-ukraine-russia-swift/index.html

[img]https://c./MwZJwvxSdQ4AAAAM/shaq-shaquille-o-neal.gif[/img]
Economic and financial warfare...
Keep it coming!

(1) (Reply)

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