President Biden Spoke, “We Will Limit Russia’s Ability To Participate In World Economy”
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Russia invasion of Ukraine, Feb 24, 2022, Source: https://commons.wikimedia.org/wiki/File:War_in_Ukraine_(2022)_en.png (Attribution: Homoatrox, Creative Commons CCO 1.0 Universal Public Domain Dedication license: https://creativecommons.org/publicdomain/zero/1.0/deed.en, Presented at: WinderemreSun.com)
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President Biden spoke at the White House announcing severe new sanctions on Russian entities in the wake of that country’s attack on Ukraine. Norah O’Donnell anchored CBS News Special Report coverage with reporting from Charlie D’Agata in Kyiv, in the video published on Feb 24, 2022, “Biden addresses Russia’s invasion of Ukraine | Special Report “, below:
U.S. announced unprecedented and expansive sanctions against Russia, imposing swift and severe economic cost, cutting Russia off from Western financial institutions. U.S. sanctioned two largest Russian financial institutions and blocking other major Russian financial institutions, and also with new sanctions targeting Russian elites. The penalties will affect Russia’s biggest financial institutions, its weapon industry, its largest energy company, and elite families close to Vladimir Putin. U.S. also announced sweeping restrictions on technological exports to Russia. G7 leaders also agreed on devastating packages of Russia sanctions.
U.S. forces will not be participating in the War in Ukraine, but will support NATO allies.
There is now the risk of complete rupture of the relationship between U.S. and Russia.
After Russia invaded Ukraine, the Russian stocks crashed 33% and ruble plunged to record low.
Discussion of whether or not Russia will be removed from the SWIFT banking system (Society for Worldwide Interbank Financial Telecommunication) is also being entertained. Disconnect from the SWIFT system would cut Russia off from good portion of the global trade and finance altogether. More discussion on SWIFT system in the 4th video below with Rachel Maddow and Advisor Hagar Chemali.
Many world leaders are condemning the Russian invasion of Ukraine and G7 countries have announced new sanctions. CBS News foreign correspondent Ian Lee joined “Red and Blue” with the latest reaction, in the video published on Feb 25, 2022, “European leaders respond to Russian invasion of Ukraine with new sanctions“, below:
NBC’s NB reports from Moscow on how new sanctions announced by President Biden could severely impact the country’s economy, in the video published on Feb 24, 2022, “How Russia Could Be Impacted By New Economic Sanctions“, below:
As the Russia invasion of Ukraine enters its second day, former Marine Corps officer and Democratic Congressman Seth Moulton joins MSNBC’s Chris Jansing to discuss the U.S. response. He suggests that in order to stop Putin’s next move, NATO needs to be stronger and U.S. lawmakers need to be united, in the video published on Feb 25, 2022, “Rep. Moulton: ‘We Absolutely Should Sanction Putin Directly’“, below:
If Russia retaliates by cutting off oil to rest of the West, Russia is risking permanently losing markets for their petroleum products because it would give reasons for the West to look for alternative energy source and heavily transition toward renewable energy source such as solar and wind.
Hagar Chemali, former senior policy advisor to the Treasury Sanctions Division, explains how sanctions work within a broader strategy to pressure a country, in this case Russia, to change its behavior, in the video published on Feb 25, 2022, “What People Are Getting Wrong About How Sanctioning Russia Works“, below:
Advisor Chemali explained much of the mechanism at the root of the sanctions, as part of the overall strategy, in the video above.
Sen. Ben Sasse, R-Neb., joins Morning Joe to discuss why Americans need to care about Russia’s invasion of Ukraine, the importance of the U.S. intel community’s findings on Russia and why the U.S. needs to apply more sanctions quickly, in the video published on Feb 25, 2022, “U.S. Needs TO Do More Sanctions; We Need To Do Them Faster: Sen. Ben Sasse“, below:
Senator Sasse spoke in the video above, “We don’t need to send troops, but we do need to send arms to support Ukraine and NATO allies. We need to convince and encourage European nations to sanction Russian elites’ money in London…Realism and idealism can go together. We should idealistically care about the suffering of these Ukrainian families, but we should care about it not just for them but because it is in our and Europe’s realistic interest for Putin to know that the world is against him and we’re willing to suffer some consequences if the economic sanctions are costly. We need to cut him off from the global financial system.” Senator Sasse also stated that we need more troops to support our NATO allies.
Rep. Elissa Slotkin, D-Mich., discusses the ‘arsenal’ of sanctions against Russia as well as a pause on the federal gas tax, in the video published on Feb 25, 2022, “‘Arsenal Of Sanctions’ Against Russia Will Take A Minute To Develop, Says House Member“, below:
Keir Simmons reports from Moscow, where producers on the ground tell him “the dollars have run out” as Russians flock to banks, attempting to get ahead of U.S, sanctions, in the video published on Feb 24, 2022, “‘The Dollars Have Run Out’: Russians Crowd ATMs As Sanctions Take Effect“, below:
ABC News’ Rebecca Jarvis reports on the latest economic impact in response to Russia’s “special military operation” in Ukraine overnight, in the video published on “Markets plummet as world reacts to Russian Invasion | GMA“, below:
The stock market closed down on the day President Biden announced sanctions, saying the Russian invasion of Ukraine was underway. Steve Odland, CEO of The Conference Board and the former CEO of Office Depot and Autozone, joins CBS News to discuss the impact the Russia-Ukraine conflict is having on the markets and the impact on consumer confidence, in the video published on Feb 22, 2022, “Stocks drop as Ukraine crisis escalates, U.S. imposes Russia sanctions“, below:
Once again, people of the free world, we need to GO SOLAR & GO WIND & GO EV !!! GO SOLAR & GO WIND & GO EV !!! Price of oil will surely go up. Time to transition into renewables such as solar and wind and drive electrical vehicles!!!
If Russia retaliates by cutting off oil to rest of the West, Russia is risking permanently losing markets for their petroleum products because it would give reasons for the West to look for alternative energy source and heavily transition toward renewable energy source such as solar and wind. GO SOLAR & GO WIND & GO EV !!! GO SOLAR & GO WIND & GO EV !!!
Gathered, written, and posted by Windermere Sun-Susan Sun Nunamaker More about the community at www.WindermereSun.com
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