General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCan Putin Recover From This?
The EU Commission announced this afternoon that the European Central Bank will deploy its most powerful financial weapon against Russian aggression. Several hours later, Secretary of State Antony Blinken announced that the Federal Reserve will impose sanctions of its own upon the Russian central bank.
Central-bank sanctions are a weapon so devastating, in fact, that the only question is whether they might do more damage than Western governments might wish. They could potentially bankrupt the entire Russian banking system and push the ruble into worthlessness.
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https://www.theatlantic.com/ideas/archive/2022/02/how-russian-sanctions-work/622940/
Stuart G
(38,439 posts)Did Nixon recover from ...Watergate?..Much worse than Watergate, involves deaths of soldiers...lots of deaths.
enid602
(8,644 posts)I think Putin will need to get a longer table.
Stuart G
(38,439 posts)But it won't work..Putin is dead toast...(apologies to toast)
Laura PourMeADrink
(42,770 posts)JasonMain
(79 posts)Hekate
(90,773 posts)🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻🌻
MarineCombatEngineer
(12,423 posts)so I would say no..
WA-03 Democrat
(3,054 posts)GO 🇺🇦
dalton99a
(81,566 posts)WheelWalker
(8,955 posts)Thomas Hurt
(13,903 posts)He might get there if the situation gets bad enough the people rise up.
WheelWalker
(8,955 posts)pandr32
(11,605 posts)He has nowhere to park his blame--it belongs on his lap. Hopefully, those around him will join together and urge his 'retirement' immediately.
uponit7771
(90,359 posts)OAITW r.2.0
(24,557 posts)Things won't go back to normal, even when Ukraine gets resolved. The root cause of the problem is Putin and he has to go before sanctions will be relaxed.
world wide wally
(21,754 posts)bucolic_frolic
(43,257 posts)SunSeeker
(51,658 posts)Thtwudbeme
(7,737 posts)I think the wealthy there are going to be fairly pissed off when their yachts and Italian Villas are taken.
Hell, those wealthy Russians in FL are getting antsy- wait til their maids quit when their checks bounce.
Buckeyeblue
(5,500 posts)What's interesting is that he didn't have to do this. The price of oil is such that he could have made some serious money. He was set for a new agreement with Germany. He was really establishing strong ties with China. He could have pivoted away from Ukraine. But for some reason he was willing to risk it all for an unprovoked invasion. His judgment is really bad. And that is worrisome.
But because he went too far, Europe and the US will never forgive him. And I can't imagine China wants a friend like this.
Irish_Dem
(47,321 posts)BlueJac
(7,838 posts)PortTack
(32,787 posts)DemocratSinceBirth
(99,711 posts)Afghanistan
PortTack
(32,787 posts)Will be for him
Hes weak.
bluestarone
(17,020 posts)Because putin is a LOSER like TFG!
Dirty Socialist
(3,252 posts)So savvy. So very savvy (or so I heard, LOL)
Silent3
(15,259 posts)WarGamer
(12,463 posts)He'll be lucky if he's allowed to retire to some mountaintop lair and live out his life with Russian State protection over his head.