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The West just weaponized Russia’s central bank against Putin for his Ukraine invasion — sanctions that may unravel his economy and create the kind of chaos that first brought him to power more than 20 years ago. https://t.co/XpNYLjI0hL
— Tim O'Brien (@TimOBrien) February 28, 2022
The US Treasury Department just put more clothing on sanctions targeting Russia's central bank: https://t.co/OBoyIO0AxO
— Tim O'Brien (@TimOBrien) February 28, 2022
"Our actions demonstrate global support for Ukraine and the commitment to hold Russia’s threatening, authoritarian rulers responsible for their heinous actions."
— Tim O'Brien (@TimOBrien) February 28, 2022
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Shell announced its exit from its partnership with Russia's Gazprom 🇷🇺.
— Johnattan F. Bilancieri (@BilancieriNews) February 28, 2022
British Petroleum announced its exit from its partnership with Russia's Rosneft 🇷🇺.
Germany halts the Nord Stream 2 pipeline project 🇷🇺.
Putin's energy blackmail strategy is not going well…
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BREAKING: FedEx and UPS halt inbound shipments to Russia and Ukraine in response to Vladimir Putin's bloody invasion of the sovereign nation. RT IF YOU STAND WITH UKRAINE!
— Occupy Democrats (@OccupyDemocrats) February 28, 2022
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Just spoke to President @ZelenskyyUa who leads the determined resistance to the Russian invasion.
— Ursula von der Leyen (@vonderleyen) February 27, 2022
I explained to him the strong and immediate measures we are taking to support Ukraine’s defense, its economy & the refugees, as well as the new sanctions against Russia and Belarus. pic.twitter.com/5OEY0Ay7H7
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I think that these sanctions will prove cataclysmic for the Russian economy. There's no other way to state it. I suspect as many other colleagues who have studied Russia over the years, it feels like staring into an abyss of uncertainty in terms of its future. https://t.co/Sd20NyaDSA
— Michael Kofman (@KofmanMichael) February 28, 2022
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"It’s remarkable that [Putin] has launched an invasion of Ukraine that is likely to re-create the same devastating economic dislocations in Russia that led to his rise — and may now sow the seeds of his downfall," writes @TimOBrien https://t.co/UorgWmgXqY
— Bloomberg Opinion (@opinion) February 28, 2022
Although the Kremlin has a huge $630 billion stockpile of reserves, most of Russia’s reserves are in institutions outside of the country: 78% is held in:
— Bloomberg Opinion (@opinion) February 28, 2022
🇨🇳China
🇫🇷France
🇯🇵Japan
🇩🇪Germany
🇺🇸The U.S.
🇬🇧The U.K. and elsewhere https://t.co/YiYUC4vbxG pic.twitter.com/bcRDgA7n3B
The natural result is a bank run, which can paralyze an economy by forcing the banks to close, as lending and payments then become exceedingly difficult.
— Bloomberg Opinion (@opinion) February 28, 2022
Hyperinflation may set in as individuals seek to store goods rather than money https://t.co/ieXDzhyaP7 pic.twitter.com/JS8E7rXs7g
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weehingthong 