“ Who in the Lord’s name does Putin think gives him the right to declare new so-called countries?” – “All Russian financial institutions deserve to be cut off from the outside world, and their dollar transactions restricted, until Russia withdraws from Ukrainian territory.” – WSJ
– – The Wall Street Journal-Editorial Board: “ Who in the Lord’s name does Putin think gives him the right to declare new so-called countries?” President Biden asked Tuesday in announcing new sanctions against Russia. The answer is a complacent West, which has failed to impose serious costs despite more than a decade of Russian aggression… Mr. Putin responds only to strength, and the West still isn’t showing enough… Mr. Biden said the U.S. will impose full blocking sanctions on a Russian military bank and VEB, the state development corporation. It is also cutting off Moscow from Western financing through sanctions on Russian sovereign debt. But the fine print in the Treasury announcement Tuesday said the ban applies only to debt issued by Russia after March 1. It appears previously issued debt can still trade in secondary markets.
All Russian financial institutions deserve to be cut off from the outside world, and their dollar transactions restricted, until Russia withdraws from Ukrainian territory. The new sanctions on Russian elites look weak in targeting Putin cronies already on the sanctions list, though their sons are newly designated.” With Russia’s Invasion of Ukraine, a New Cold War Arrives – WSJ
