Biden Admin Finally Slaps Sanctions On All Russian Central Bank Assets

February 28, 2022 – 3:00 pm

Finally catching up to Europe

US effectively freezes Russian central bank assets held by Americans

The U.S. said it is blocking financial transactions of Russian central bank assets, effectively freezing any of those assets held by Americans.

The freeze is effective immediately, a senior administration official said in a briefing for reporters on Monday. The official said that the U.S.’s actions are in conjunction and cooperation with the European Union, Japan, the UK, Canada, and others. This means that not only will Russia not be able to access funds in U.S. dollars, they will be unable to use dollars in the other countries turn to other banks and other currencies.

By making the move effective immediately, before markets open, the official said, Russia will be unable to move assets to avoid or mitigate the consequences.

“Our strategy,” the official said, “is to make sure that the Russian economy goes backward as long as President Putin decides to go forward with his campaign.”

Except for one thing

According to the Treasury Department’s Office of Foreign Assets Control (OFAC), this is not a complete and total block of the central bank, as OFAC is authorizing certain transactions with Russia’s central bank that are “energy-related,” and that additional authorizations could follow if necessary.

So, Russia will still be able to make lots of cash from exporting oil and natural gas.

Maybe blowing out for the whole weekend wasn’t the best idea, eh?

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This entry was written by William Teach and posted on at 3:00 pm and filed under Current Affairs, Joe Biden. Bookmark the permalink. Follow any comments here with the RSS feed for this post.
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12 Responses to “Biden Admin Finally Slaps Sanctions On All Russian Central Bank Assets”

  1. drowningpuppies says:
    February 28, 2022 at 5:04 pm

    Well Brandon has to have something to blabber about in the SOTU.

    #LetsGoBrandon
    #FuckJoeBiden
    Bwaha! Lolgf https://www.thepiratescove.us/wp-content/plugins/wp-monalisa/icons/wpml_cool.gif

  2. Hairy says:
    February 28, 2022 at 7:02 pm

    This was done in conjunction with the EU. Even the Swiss agreed to join with Biden. Yes the Euros will still be able to buy gas however Putin may well refuse to sell. Even though Putin may still get ” lots of cash” Russia has been hit hard, harder than under Trump when Russia was offering bounties on killing US military. The Russian stock market crashed 33% and had to close to stop the crash no date for reopening set The ruble is now worth 1 penny. The USA and Euros are sending advanced military weapons to Ukraine. Fossil fuel prices will continue to go up renewable prices go down.

  3. Elwood P. Dowd says:
    February 28, 2022 at 7:06 pm

    The right wants nothing done, and then whine that it took too long.

    • L.G.Brandon!, L.G.Brandon! says:
      February 28, 2022 at 8:43 pm

      dOwd: “The right wants nothing done, and then whine that it took too long.”

      Boy, you sure suck the Red Chinese cock displayed on CNNMSNBC shows all day. Name one actual person on “the right” who has called for nothing to be done. You really are one demented fuker. All you clowns ever do is call us on “the right” warmongers now suddenly we are against war. Your schizophrenia is amazing. But you always have been fukin’ crazy. At what point do the leftists stop making everything partisan and unite with us against a common enemy? Or are we the enemy and the communists the ally?

      Let’s go dOwd, beef up the lying propaganda in time of war against your fellow Americans. What a great group of traitors you pigs are.

      • Elwood P. Dowd says:
        February 28, 2022 at 11:57 pm

        LOL. Right-wingers have sure changed their tune, and in just a few days too!

        Kind of like trump today claiming it was HE he saved NATO. https://www.thepiratescove.us/wp-content/plugins/wp-monalisa/icons/wpml_yahoo.gif

        Even the love for Putin has soured…

        Lies, and more lies…

  4. Elwood P. Dowd says:
    February 28, 2022 at 11:52 pm

    Volodymyr Zelenskyy for President! Sure, it’ll take a Constitutional Amendment, but we’re up to it.

  5. Elwood P. Dowd says:
    March 1, 2022 at 12:18 am

    Eighty-three percent of Americans said they favored increased economic sanctions against Russia in response to the invasion, with just 17% opposed. New sanctions and economic restrictions aimed at Russia were announced by the US and other countries while the poll was in the field on Friday and Saturday.

    A smaller majority, 62%, also wanted to see the US do more to stop Russian military action in Ukraine, with 38% saying the country has already done enough. But the public is opposed to direct military action by the US: Only 42% were in favor of such a move should sanctions fail to work, with 58% opposed. Among those who said the US should do more to stop Russia’s military incursion, though, 58% were in favor of the use of military action if sanctions failed.

    Greenwald would claim that the media and gov’t have pushed Americans to war.

    • drowningpuppies says:
      March 1, 2022 at 12:42 am

      Per usual Rimjob, dipshit that he is, displays personal comprehension problems with his every post.

      Maybe it’s genetic considering all the Ozark hillbilly inbreeding in his DNA.

      #LetsGoBrandon
      #FuckJoeBiden
      Bwaha! Lolgf https://www.thepiratescove.us/wp-content/plugins/wp-monalisa/icons/wpml_cool.gif

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