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In addition...
"The Biden administration is quietly signaling new support for seizing more than $300 billion in Russian central bank assets stashed in Western nations, and has begun urgent discussions with allies about using the funds to aid Ukraine’s war effort at a moment when financial support is waning,” the New York Times reports
Screw Congress. Seize $100 billion in Russian assets and turn it into an aid package for Ukraine. You still have the other 200 sitting there to use as leverage or seize at a later date.
I bet Putin really thought the #GOP was going to get that money back to him in a couple of years.
Hah, get fucked!
That 400 billion of Russian government money already forzen ain't never coming back. It'll be used for reconstruct Ukraine. This 300 billion I suspect will be used to buy weapons for Ukraine
This is the best summary I could come up with:
WASHINGTON (AP) — President Joe Biden is set to sign an executive order giving the U.S. Treasury Department the authority to target financial institutions that facilitate Russia’s efforts to bolster its defense industry.
The new sanctions authority is meant to gum up the Kremlin’s push to restock the Russian military’s depleted arsenal after nearly 22 months of fighting in Ukraine.
“We expect financial institutions will undertake every effort to ensure that they are not witting or unwitting facilitators of circumvention and evasion,” Treasury Secretary Janet Yellen said in a statement announcing the order.
“And we will not hesitate to use the new tools provided by this authority to take decisive, and surgical, action against financial institutions that facilitate the supply of Russia’s war machine.”
The latest effort to tighten pressure on Russia comes just weeks after Biden and G-7 leaders met virtually to discuss support for Ukraine as rancor spreads in Washington over the cost of backing Kyiv in a war that has no end it sight.
“This executive order comes at a critical juncture,” Deputy Treasury Secretary Wally Adeyemo wrote in a Financial Times op-ed published Friday.
The original article contains 401 words, the summary contains 188 words. Saved 53%. I'm a bot and I'm open source!
Ironically it's the financial facilitators of the US defense industry that need targeted. These cocksuckers find a money laundering scheme every few years that results in mass death and destruction (usually totally unabated).
Who's this elderly?