What the US sanctions on Russia today really mean (sorry for some repetition):
1. The Biden administration has completed its review of the Russia sanctions program & presented a new executive order which catches it all - broader & renders CAATSA nearly redundant.
1. The Biden administration has completed its review of the Russia sanctions program & presented a new executive order which catches it all - broader & renders CAATSA nearly redundant.
2. The main real sanction was on Russia's government debt. It is small, only $61 bn, but from now on Russia can't expand its public debt significantly. The US controls Russian state finances.
3. The US shows that its intelligence works: It exposed all the main culprits for cyber crimes, election interference & war in Africa.
4. The whole US administration acted together & also with Western allies. The West has been resurrected by Biden.
4. The whole US administration acted together & also with Western allies. The West has been resurrected by Biden.
5. Many complain that Biden didn't do more, but he told Putin: If you don't behave, there will be no summit in the fall. Putin has good reasons to behave.
6. The US kept great potential sanctions: NS2, oligarchs, & Russian state financial companies.
Well done!
6. The US kept great potential sanctions: NS2, oligarchs, & Russian state financial companies.
Well done!
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