Assessment: But while Washington has been talking sanctions and even cutting Russia off from SWIFT (the best option), Ukraine’s President Zelensky himself has been busy attempting to reign in the loose canon and “dangerous” rhetoric coming out of Washington officials…
“He takes away the understanding of the chiefs of the people of the earth,
And makes them wander in a pathless wilderness.” Job 12:24
Bloomberg reports that the Biden administration has briefed Wall Street on possible new far-reaching sanctions on Russia, and ongoing efforts to ensure that they wouldn’t disrupt the global financial system. On the table is sanctions against Russian banks, companies, and imports in the scenario that Ukraine is attacked.
This included National Security Council officials this week holding discussions with executives from major banks including Citigroup Inc., Bank of America Corp., JPMorgan Chase & Co. and Goldman Sachs Group Inc. – according to the Bloomberg report.
This similarly comes as the administration is said to be reaching out to energy firms in the Middle East, Asia, and Africa – in hopes of helping Western Europe tapping alternate supply sources should things escalate to the point of Russia drastically cutting off gas to Europe, which could be a likely retaliatory move by Russia.
But while Washington has been talking sanctions and even cutting Russia off from SWIFT, Ukraine’s President Zelensky himself has been busy attempting to reign in the loose canon and “dangerous” rhetoric coming out of Washington officials…
(SWIFT, Society for Worldwide Interbank Financial Telecommunication, is a vast messaging network used by banks and other financial institutions to send and receive information, such as money transfer instructions quickly, accurately, and securely. More than 11,000 SWIFT member institutions sent over thirty-five million transactions per day through the SWIFT network in 2020)
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