The key word in this release is “selected“. I would guess that any bank involved in state energy sales, and/or the bank of any energy company involved in the direct sales of Russian oil and gas, are not included.
Joint statement from NATO, EU Commission and White House:
WHITE HOUSE – […] As Russian forces unleash their assault on Kyiv and other Ukrainian cities, we are resolved to continue imposing costs on Russia that will further isolate Russia from the international financial system and our economies. We will implement these measures within the coming days.
Specifically, we commit to undertake the following measures:
First, we commit to ensuring that selected Russian banks are removed from the SWIFT messaging system. This will ensure that these banks are disconnected from the international financial system and harm their ability to operate globally.
Second, we commit to imposing restrictive measures that will prevent the Russian Central Bank from deploying its international reserves in ways that undermine the impact of our sanctions.
Third, we commit to acting against the people and entities who facilitate the war in Ukraine and the harmful activities of the Russian government. Specifically, we commit to taking measures to limit the sale of citizenship—so called golden passports—that let wealthy Russians connected to the Russian government become citizens of our countries and gain access to our financial systems.
Fourth, we commit to launching this coming week a transatlantic task force that will ensure the effective implementation of our financial sanctions by identifying and freezing the assets of sanctioned individuals and companies that exist within our jurisdictions. As a part of this effort we are committed to employing sanctions and other financial and enforcement measures on additional Russian officials and elites close to the Russian government, as well as their families, and their enablers to identify and freeze the assets they hold in our jurisdictions. We will also engage other governments and work to detect and disrupt the movement of ill-gotten gains, and to deny these individuals the ability to hide their assets in jurisdictions across the world.
Finally, we will step up or coordination against disinformation and other forms of hybrid warfare.
We stand with the Ukrainian people in this dark hour. Even beyond the measures we are announcing today, we are prepared to take further measures to hold Russia to account for its attack on Ukraine. (read more)
stupid escalation
Russia has issued increasingly sharp warnings. like the decades of warnings, they’ve been ignored.
we don’t have to agree with their point of view but we do need to take it into account. NATO et al arrogantly ignore that point of view and those warnings.
everyone has a plan until they get punched in the mouth
We may well have provoked this through our thoroughly corrupt state department. The state department wants to keep this going until they can manipulate it to appear the US created and brokered the peace. Ukrainians are paying the price for those macchiavellian actions right now. Kudos to them for fighting doggedly I knew they weren’t push overs but if Putin was serious about full annexation Kiev would be rubble today.
for a joint Nobel Prize –
George Soros and Joe Biden?
(just spitballin’ here – emphasis on spit)
In his speech he said that his goals were denazifacation, protecting the two new republics that have mostly ethnic Russians and that have been under attack for the past eight years and keeping nuclear weapons out of Ukraine. He made it clear that he does not want to take over Ukraine.
Just wish they could have removed the hard drives and file cabinets before bombing the labs!
Bidinh had a plan … he tells us about it regularly. It’s the story of Corn Pop and tough-guy Joe. Just wait … Joe is about to get tough. Any minute now, he’s gonna get all Medieval Corn Pop on Putin’s ass! Yessiree Bob
Kenji, Yes and he will have the Russian children stroking his hairy legs.
We have friends who thought we were exaggerating those comments about his hairy legs, loves children sitting in his lap, etc. When we played the clip, they were literally stunned. He is one sick puppy!
You’re missing it — they want the USA to fail that is the point — this gets them there….
That may be. The problem is “everyone has a plan until they get punched in the mouth”, and that might happen.
Far too many people here are confused. Our government is corrupt and incompetent, but that shouldn’t be taken as an invitation to align with our national enemies. Putin hates us all and would destroy us all if he could. We certainly need better leadership in this country to meet this threat, but we all need to recognize which side we’re on, and its not Putin’s.
“Putin hates us all and would destroy us all if he could” Niet!
That sounds like yer violating department of agroculture’s hogwashing regulations. Putin is not a hater. He is many things including a devout Orthodox Christian. People like you want us to war with him..and not for our sakes but for Khazarian Ashcan nazis mafia’s profit margin. In that case you become more of an enemy to my way of life than Mr. Putin ever could be so many miles and across the ocean as he is situated. The US of A would not be here if Russia did not put it’s ships in American seas blocking the British.
Get real. Putin is a godless idolator and you are his shill.
That is so far from the truth.
Here’s the problem … I’m not a fan of Ukraine either. Why? Isn’t it obvious? It’s an utterly corrupt government that our leftist politicians have been exploiting for personal gain $$$. They’ve taken massive kickbacks of US Foreign Aid. Bidinh himself BRAGS about meddling in Ukraine’s business … and isn’t the least bit embarrassed. His n’er do well son has become a multimillionaire in Ukraine … for being a warm blooded relative of a U.S. Vice President now illegitimate President. Nothing else. Hunter brings ZERO skills to the table … just corruption.
As a result, I honestly don’t give a shit about Ukraine. I rather like the Ukrainian people … but their government are slimy and destructive. They’re NOT a Democracy, as Tucker Carlson has pointed out … they’ve eliminated the opposition. Shut down opposition media.
Is the Russian government not every bit as corrupt as Ukraine’s? Our own government is corrupt, as you yourself point out. Our own country, after 2020, can’t be called democratic, and Russia least of all.
I feel for the Ukrainian people, who have long suffered under Russian tyranny. I also have sympathy for the Russian people, but I am MOST concerned about the AMERICAN people, and their sworn enemy is the government of Vladimir Putin, a ruthless, bloodthirsty tyrant who threatens us all. We need to recognize who our most dangerous enemy is and act accordingly.
STFU, the only thing Putin ever did was to kick the corporate and banking leeches out of Russia after the drunk Boris Yeltsin gave it away, that is his sin to the west. He took his resource rich country back and is looking out for the interests of his nation. Tell us please, how many military bases does Putin have around the US? How many bases does the US have around Russia? Please be intellectually honest, the cold war ended and NATO should be disbanded. Russia is only a US created boogie man to continue the money flow to the MIC.
What are you talking about you russki-loving troll?? Putin and his cronies have ROBBED Russia BLIND! How did he get his $200B wealth and his $1B Black Sea palace??
Meanwhile he’s done NOTHING to develop Russia’s economy. In fact, he’s ruined it. If he had done ANYTHING to develop a real economy, all these eastern bloc nations wouldn’t be looking west.
But he failed. Now his invasion is failing too.
Go Ukraine. Go freedom. Down with tyrants! Go America!
As for you, you should just move to Russia if you love it so much. Traitor.
Where are the HUAC hearings when you need them??
My guess is you have no idea who Putin is. If you wanna find out, just read the transcripts of his speeches. But my guess is you won’t.
“ruthless, bloodthirsty tyrant….” Lol! He probably carries around a pitchfork and wears red tights too.
Don’t get me wrong, he’s no angel, but have you ever researched the Clinton body count? Seth Rich?
It happens over here too, painting him as some ultimately evil cartoon villain is only playing into our government’s propaganda.
He’s not an enemy of the American people, he’s a Russian nationalist who opposes the way the West has sought to subjugate his country to the same forces that are using covid to tyrannise us now. He’s portrayed as an evil cartoon villain by the media to distract us from the issues and enemies we face: rising inflation, collapsing economy, WEF, western oligarchs, tyranny via covid, fake elections, etc.
Our country isn’t and never was democratic, it’s a Representative Republic!It literally says so in the Pledge.
The enemy we need to be most worried about is China and our own government.
All your statements should have been in the past tense. Their current President was elected to kill the swamp and he is doing his job well.
He is more respected by the Eastern world than us . Even if he is messing up the evil cabal’s plans for world domination , never forget , he is for Russia First and he won’t hesitate to bury us in history’s dustbin if we threaten Russia .
I’ve followed the NABU (National Anti-Corruption Bureau of Ukraine) website for several years. Like Russia and Cyprus, the country has been horribly corrupt. Making progress against that has been limited, and the US State Department selectively interferes to suit their own “greater good” purposes. Viktor Medvedchuk, the “opposition leader”, is a billionaire friend of Putin, was targeted by the US for sanctions, and at least on the surface the charges seem concerning (he is on house arrest, not being held like the J6 paraders). I absolutely agree it was outrageous to shut down opposition media, but if you refer to the “Whither the Oligarchs” article at Radio Free Europe/Radio Liberty, updated 2/18/22, it appears the stations were being targeted at the request of the US state department, and most were owned by Medvedchuck.
Really excellent documentary from 2014 about Ukraine that is almost prophetic .
They could say the same thing about this country. The American people are nice but their government is slimy and corrupt.
what threat?
In 1939, you would have denied that Hitler was a threat.
Yeah ok. What threat?
All I know is when you look at the US and Russia and you have to choose which one is morally corrupt and decaying and has lost credibility … well , it’s not Russia .
The USSR had 300m people. Russia today has under 150m. Birth rate under replacement. Rampant drug use and alcoholism. Who is decaying???
Sorry your invasion is going poorly.
Seriously? The US has those same things but add rampant violent crime, a disastrous public education system, a border being invaded by millions of illegals including criminals, an illegally installed despot that is a racist and conspires with corporations to censor and punish citizens. Wakey, wakey.
Last time I checked, we didn’t just illegally invade a much smaller neighborhood AND LOSING!! How’s that for decay Igor!!
How is Putin hating We the People any different than Biden’s hating We the People?
India and China, the world’s two most populous nations, are not only siding with Russia, they have already constructed or beta tested non-SWIFT settlement systems. Talk about shooting yourself in the foot. Wonder what happens to the US Dollar on Monday. Or the stock market.
OTOH, the stock market is often perfectly irrational, so hell, it could go up.
The stock market is in a bear market, but not because of events overseas, it’s because of the destruction of the Biden Presidency. The market doesn’t drop because of bad news overseas, they are the excuse, not the reason.
Yeah, I don’t think removal of “selected” financial institutions will change the way Swift operates, otherwise the Petrodollar is toast.
On the other hand, with the Obozo crowd maybe this is just a test run to see how it plays for their destructive plans.
I wonder how Germans feel about digging deeper and deeper and deeper into their pockets to make Putin €€€€ RICH $$$ ? Inflation? Uh, yeah … they’re inflating Putin’s wealth with each twist of the thermostat dial.
Get woke – Go green – go broke
and make your sworn enemies filthy rich on your misery.
If you remove Russia from SWIFT, SWIFT becomes useless. It’s like the backlash in Canada over the seizure of bank accounts. Once folks started pulling the money out of the banks up there, Castrudeau and the banks panicked and reversed course. Any kind of financial instrument becomes worthless if there is no liquidity or trust.
I’m sorry, that is nonsensical. The rest of the world will still use SWIFT. It does not become useless.
I’m sure you guess correctly. We are going to impose costs on them and isolate them from our economies except for the little bit where we buy all our energy from them if you are European. Lol. As Trump so ably put in their faces, if Russia is such a threat that you need our defensive support to the tune of billions upon billions, then why are you buying all your energy needs from them sending them billions and billions?
I watched an interesting historical video on Russia a week or so ago before the fighting broke out. They actually originated in Ukraine with Kiev being the first major city long before the Tsars built St. Petersburg or Moscow slowly expanding north and east so this is really historically home turf for Russians and probably helps explain Putin’s refusal to allow them to get too cozy with Germany along with other considerations like stability of the infrastructure used to deliver the energy to Europe in order to collect their money which he is very happy to do and other things. Sometimes the other things can become paramount. Sometimes we only find out what other things were involved long afterwards or never. It would appear that we pushed him to this point. It would appear Zelensky right up until the fighting broke out and perhaps even now, isn’t sure who to trust or what to believe. Weird stuff which is par for the course when the CIA/State Dept are behind it all.
Make it STOP. Russian vodka to be pulled off ABC store shelves.
https://finance.yahoo.com/news/ditching-vodka-protest-russia-might-222850582.html?fr=sycsrp_catchall
Things are getting real now.
The guy who runs the big gas company just killed himself. Oh yeah.
https://citizenfreepress.com/breaking/gazprom-financial-director-found-dead-allegedly-by-suicide/
Putin will run the gas all through Chyna I think Globalist want XRP as their CBDC if only for a short while
Ukraine is slightly smaller than Afghanistan, but, the populations are about equal in number. After 10 years, USSR withdrew from Afghanistan in humiliating, historic defeat. Is Putin ready for 10 more years of assymetric warfare ?
It won’t take 10 years. More like one, or less.
Russia has been stockpiling gold, and wants to trade in gold. WE KNOW we have seen this before! WE KNOW who they killed before. Saddam wanted to trade in Gold, Gaddafi wanted to trade in gold, many others wanted the same, but live in fear of the USA and of losing its protection.
The FED is propping everything up with money created from thin air. All it takes is for OPEC to want to trade in gold, and its game over.
A very nice resource of information here https://library.cqpress.com/cqresearcher/document.php?id=cqresrre1934013000
Steve Cortes
@CortesSteve
Removing Russia from SWIFT is not riskless. America’s economic system totally relies on Dollar supremacy — and these actions could practically force Russia, China, and others to form an alternative banking/communications network.
Be careful not to dethrone King Dollar…
Cont…
All this delivered directly from Joe Biden.
Boy, I bet he is relieved Ukraine is nearly out of the way.
The Fed is panicking over this, I’m sure. India has already advised that they will utilize some rupee/ruble situation for Russia. Russia’s removal from Swift just furthers the demise of the US petrodollar. Nothing like the US shooting itself in the foot, with panicked and obtuse actions.
Let’s see how this works for them.
Russia and Ukraine together account for more than a quarter of global wheat exports, while Ukraine alone makes up almost half of exports of sunflower oil.
Russia and Ukraine lead the global production of metals such as nickel, copper and iron. They are also largely involved in the export and manufacture of other essential raw materials like neon, palladium, and platinum.
Palladium is used for everything from automotive exhaust systems and mobile phones to dental fillings.
Russia is also a main supplier of key ingredients for fertilizers, so trade sanctions could affect production elsewhere. Meanwhile, we can also expect diversions to trade flows: China has already said it will begin importing Russian wheat, for instance.
The aerospace industries of the US, Europe and Britain also depend on supplies of titanium from Russia.
As part of the sanctions towards Russia, the US has been threatening to cut off Russia’s supply of microchips. But this rings hollow when Russia and Ukraine are such key exporters of neon, palladium and platinum, all of which are critical for microchip production.
About 90% of neon, which is used for chip lithography, originates from Russia, and 60% of this is purified by one company in Odessa. Alternative sources will require long term investments prior to being able to supply the global market.
In other words, they’re doing to Putin what they do to Conservatives.
A year ago, Biden signed an Executive Order allowing his administration to declare any citizen’s political activity to be “for the benefit of” the Russian Government, and to seize assets of this citizen, linked persons, & their CHILDREN.
https://www.whitehouse.gov/briefing-room/presidential-actions/2021/04/15/executive-order-on-blocking-property-with-respect-to-specified-harmful-foreign-activities-of-the-government-of-the-russian-federation/
Section 1(a), subs (ii)(B):
” [determined by Secretary of Treasure]
(ii) to be responsible for or complicit in, or to have directly or indirectly engaged or attempted to engage in, any of the following for or on behalf of, or for the benefit of, directly or indirectly, the Government of the Russian Federation:
(B) interference in a United States or other foreign government election;
(C) actions or policies that undermine democratic processes or institutions in the United States or abroad;
”
This EO includes US citizens.
See also lso (iii) & (v).
This would mean bidets son Hunter is in trouble
Vladimir Putin is doing the world a FAVOR. His military IS NOT targeting CIVILIANS as much as the MSM would love for you to believe. MOST if not all of the garbage the MSM is presenting are PROVEN to be reruns from the civil unrest in the Ukraine. That’s why it has been EASY TO DEBUNK. They’re playing on the people who have been propagandized to believe the GARBAGE & OPINIONS the MSM flushes out of their ELECTRONIC TOILETS.
HINT: There are “LIVE WEBCAMS, SURVEILLANCE CAMS” all over the USA & the WORLD. Use them to VERIFY you’ll be amazed at the BULLSHIT the MSM broadcasts.
AND, YES Vlad IS destroying CLANDESTINE “AMERICAN BIO-LABS” in the UKRAINE & YES the AMERICAN GOVERNMENT has removed the EVIDENCE from their websites, BUT, “THE INTERNET IS FOREVER”
I see the globalist latest propaganda operation is working. People on the comments here are now fighting. Mission complete Soros and Schwab. Russia!! For crying out loud people. They played this Russia! card for five years on Trump. And people are still falling for it?
I. DON’T. GIVE. A. S**T. ABOUT. UKRAINE.
What am I focused on instead of being manipulated like a lemming? The reset. The vaccine passport. The doing away of our currency. The trillions in debt. Inflation. The deaths and deaths yet to come from the poisonous vaccines. What just happened in Canada with the communist coup and freezing people’s bank accounts.
Wake up. We can discuss Ukraine and have differences, but we cannot let them split us up. If we disagree on Ukraine and Russia, then so be it. But let’s stay united on all the other things that REALLY MATTER to us. And no, sorry, but what is going on in Ukraine doesn’t worry me one bit. I am not worried about Putin attacking America, or the very “survival of democracy.”
In God we trust. All others pay cash.” —Vlad
In “Unacceptable Escalation”, Putin Orders “Nuclear Deterrence” Forces On Alert – 27 Feb 2022
https://www.zerohedge.com/geopolitical/russia-orders-nuclear-deterrence-high-alert-nato-warns-unacceptable-escalation
Ukraine President Agrees To Hold Talks “Without Preconditions” With Russia At Belarus Border – 27 Feb 2022
https://www.zerohedge.com/geopolitical/ukraine-president-agrees-hold-talks-without-preconditions-russia-belarus-border
What’s worse than Putin? A Putin that’s invaded another country who is not getting what he wants, probably not without destroying Ukraine anyway which he didn’t want to do. He could easily be deposed by Russian oligarchs if things continue the way they have been going. At that point, the ex-KGB thug may get dangerously desperate.
Breaking 27 Feb 2022: German Chancellor Scholz announces defence boost. Will in future spend minimum of 2% on defence. To meet 2% by 2024. Will propose special fund of € 100 BN for strategic security. Details and timeline unclear but this is twice the current defence budget. Major shift.
Breaking: Massive investment into German Army
Feb 27, 2022
To me, this is just a lot of blah, blah,blah. We are as I understand it excepting any sanctions of energy deals. We will still buy oil from Russia. So I guess we will pay for this oil through non-central banks – or maybe we plan on not paying for it at all.
We know full well that both China and Russia have set up alternate SWIFT-like systems to facility payments outside of SWIFT. I am sure other countries over in that area will be happy to sign on. So where does that leave us? Especially if they go on the gold standard for their money, which maybe they do already for all I know.
This may be a non-sequitur but the Russians unblocked the Dneiepe(sp?) canal through which water flowed to Crimea, which was closed for 7 years, so now Crimea has plenty of water again.
If Belarus is attacking Ukraine with Russia as reported, what sanctions do we slap on them?
In sports, first guy off the bench when two players are fighting, gets the harshest penalty.
Who is calling out Belarus?
Vlad is ready.