🧵US Senior Admin Official, in call with reporters, said in addition to disconnecting key Russian banks from SWIFT, the US & Europeans agreed to launch a mutlilateral transatlantic task force to identify, hunt down and seize the assets of sanctioned Russian officials & oligarchs,
as well as those of their families and enablers. We will take their yachts, their luxury apartments, their money, their ability to send their kids to college abroad, the US official said.
also cracking down on entities that sell citizenship to wealthy russians to bypass sanctions
also cracking down on entities that sell citizenship to wealthy russians to bypass sanctions
(sounds like those countries and institutions that sell foreign citizenship to wealthy Russians will become the target of sanctions).
On question about will there be carve outs in the swift disconnection action for Russian energy, the official said they are trying to determine if SWIFT identifies which transactions involve energy. If not, they may leave connected the institution that processes most energy sales
He also said they decided to take some action against the Russian central bank that will reduce its ability to support the rubel.
(think it will be blocked from being able to buy rubels abroad)
The US official said this has been the worst week for the Russian stock market on record. The worst week for the rubel since march 2020. Russia econ rated junk status
In last week, Russia has become a global political & economic pariah.
In last week, Russia has become a global political & economic pariah.
and he said this is sad.
But he said they (the US, UK, Europe, etc) faced a choice. And they decided they had to make Putin’s war on Ukraine a strategic failure for Russia.
But he said they (the US, UK, Europe, etc) faced a choice. And they decided they had to make Putin’s war on Ukraine a strategic failure for Russia.
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