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Roger Tansey 🇺🇦🇺🇦🇺🇦🌈 Profile picture
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Feb 28 • 4 tweets • 1 min read
1/ “The effect has been dramatic. Russia’s stock markets suffered one of the worst drops in history, according to Bloomberg.” washingtonpost.com/us-policy/2022…
2/ “The S&P credit rating agency also downgraded Russia’s debt to junk status shortly after the U.S. actions were released. Reports have emerged of Russians crowding ATMs to make emergency cash withdrawals.”
3/ “The Bank of Russia announced Monday morning that it will not open its stock exchange in face of the unprecedented pressure.”
Putin’s bank reserves were intended to buffer the impact of such a blow. “The steps being announced will undermine Russia’s ability to prop up the ruble. The Russians won’t be able to defend the currency easily, and its value will tank.”

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More from @rogertansey

Roger Tansey 🇺🇦🇺🇦🇺🇦🌈 Profile picture
Mar 3
1/ “On Feb. 23, Razil Malikov, a tank driver in the Russian Army, called his family and said he would be home soon; his unit’s military drills in Crimea were just about wrapping up.” nytimes.com/2022/03/02/wor…
2/ “The next morning, Russia invaded Ukraine, and Mr. Malikov hasn’t been heard from since.
3/ “The reality of war is dawning across Russia.”
Read 20 tweets
Roger Tansey 🇺🇦🇺🇦🇺🇦🌈 Profile picture
Mar 3
“The chief prosecutor of the International Criminal Court opened an investigation on Wednesday into allegations of war crimes, crimes against humanity or genocide committed in Ukraine since 2013 and during Russia’s current invasion of the country.”
“The prosecutor, Karim Khan, had previously said that he planned to seek approval from the court’s presidency to launch the investigation but he said 39 nations had referred allegations to the court, enabiling his his office to move forward immediately.”
“Mr. Khan had said on Monday that his office has “already found a reasonable basis to believe crimes within the jurisdiction of the court had been committed, and had identified potential cases that would be admissible.”

NY Times
Read 4 tweets
Roger Tansey 🇺🇦🇺🇦🇺🇦🌈 Profile picture
Mar 2
1/ “Foreigners, who hold around half Russia's hard currency debt, are focusing on March 16 when it must pay $107 million in coupons across two bonds.” reuters.com/markets/europe…
2/ “March 16 is the first of several payments, with another $359 million due on a 2030 bond due on March 31 . The first principal payment is due on April 4 when a $2 billion bond matures.”
3/ “In theory, Russia has ample reserves to cover debt. In practice, the asset freeze has shrunk what the central bank has available to make payments.
Second, executing payments will be trickier after sanctions limited Moscow's access to the SWIFT global payment systems.”
Read 4 tweets
Roger Tansey 🇺🇦🇺🇦🇺🇦🌈 Profile picture
Mar 2
1/ “China’s strategic partnership with Russia has the potential to be a lifeline for a Russian economy foundering under crippling Western sanctions. . .” washingtonpost.com/world/2022/03/…
2/ “. . . but Beijing appears to be holding back over practical constraints and fears of secondary sanctions on Chinese institutions.”
3/ “As Russia’s largest trading partner and one of the few countries globally that has not condemned President Vladimir Putin’s invasion of Ukraine. . “
Read 6 tweets
Roger Tansey 🇺🇦🇺🇦🇺🇦🌈 Profile picture
Mar 2
1/ Now we get to the fun part.

“Western allies plan to confiscate yachts, jets, luxury apartments from Russian elites in hopes of undercutting Moscow over invasion” washingtonpost.com/us-policy/2022…
Will Putin start watching his back?

2/ “Senior Biden administration officials are preparing to dramatically expand the number of Russian oligarchs subject to U.S. sanctions, aiming to punish the financial elite close to President Vladimir Putin”
3/ “The U.S. sanctions would also probably include travel restrictions and the seizure of overseas assets that could run into the billions.”
Read 18 tweets
Roger Tansey 🇺🇦🇺🇦🇺🇦🌈 Profile picture
Feb 28
Good show everyone!

1/ “The decisions by the United States, Britain and the European Union restricting the Russian Central Bank’s access to much of its $643 billion in foreign currency reserves . . . “
2/ “. . . have undone much of the Kremlin’s careful efforts to soften the impact of potential sanctions.”
3/ “And with dozens of countries closing their airspace to Russian planes, major foreign investors pulling out and the West placing debilitating restrictions on Russia’s biggest banks. . . “
Read 6 tweets

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