U.S. imposes sweeping sanctions targeting Russian economy

[DonViejo]

Source: Axios


32 mins ago - World

Zachary Basu

The Biden administration announced it will sanction dozens of Russian officials and entities, expel 10 diplomats from the U.S., and set new restrictions on buying sovereign debt in response to the massive SolarWinds hack of federal agencies and interference in the 2020 election.

Why it matters: The sweeping acts of retaliation are aimed at imposing heavy economic costs on Russia, after years of sanctions that have failed to deter an increasingly aggressive and authoritarian President Vladimir Putin.

Details: The administration formally accused Russia's Foreign Intelligence Service (SVR) of carrying out the SolarWinds hack, which Microsoft President Brad Smith has called "the largest and most sophisticated attack the world has ever seen." The intelligence community said it has "high confidence" in the assessment.

The package of sanctions will bar U.S. banks from buying Russian government bonds directly from the the country's central bank, sovereign wealth fund and ministry of finance beginning June 14, complicating Russia's ability to raise money in international capital markets.

Read more: https://www.axios.com/russia-sanctions-solarwinds-cyber-39561a8d-76c0-46ec-9047-6309153d1382.html

[empedocles]

1. The Biden Administration, working hard across the Board. Good to see.

[gibraltar72]

2. Punish Russia by sanctioning Ron Johnson and McConnell.

[Maxheader]

3. put put will just go to other suppliers...

I dunno, maybe a good show. Seems like I've heard sanction programs

against the russkys for years. Other than starving the people, who are

really powerless imho, to do much. Military might get really down on

them...

[paleotn]

18. The people are never powerless.

And the military is in many ways a reflection of the people.

[3825-87867]

4. Because of our lack of following thru

on sanctions and laws concerning Russia and allowing American Business (pretty much since Buss II) to freely support the Russian Mafia, I believe (without proof) that we have created more (hidden) billionaires in Russia than America. And that's saying something!

[left-of-center2012]

5. But, but ... Trump said it was China

Not his best buddy Putin.

[ffr]

6. I've been waiting over 4 years for American leadership.

It's about time! The QOP is full of a bunch of pussies, boot shiners, traitors and grifters. Don't get me started.

[Evolve Dammit]

10. Good post for #20K!

[ffr]

17. Bwah!

It took me a while to figure out WTH you guys were talking about. There's not even a #20 post on this thread yet.

Thx.

[niyad]

12. Congrats on your milestone!

[bucolic_frolic]

7. This is essentially the Cold War revived for cyberspace and on western territory

We wanted democracy in Eastern Europe, 1945. USSR wanted something else.

[ancianita]

8. Great. Also, Russia will have less to 'invest' in proxy aggressors like Iran.

Last edited Thu Apr 15, 2021, 11:25 AM - Edit history (1)

Russia and China have stolen, or copied their own versions of our innovations.

This is the Biden hammer -- the beat back for all these years of Putin's advanced persistent insurgency threat -- the opposite of the traitor who'd have handed over every single thing of value in America to Putin, who himself would have let China partner in on the steal.

[Ford_Prefect]

9. Another useful step would be to seize the property, capital and accounts of those 35 Russian

Oligarchs named by Alexei Navalny, who used Trump to help launder their ill-gotten assets and who have their fingers so deeply into the GOP and the Tory Party they twitch every time Putin's Pals sneeze.

[Evolve Dammit]

11. Agreed.

[BigmanPigman]

22. I've been saying the same thing.

Go to the source, the oligarchs.

[orangecrush]

29. Great idea

[niyad]

13. Congratulations on 60,000 posts.

[pandr32]

14. Good. K&R.

[inwiththenew]

15. Mostly symbolic

Really more of warning shot. There was a lot more we could do but these are watered down to serve more as warning. The sanctions only target new debt issuance which Russia does not rely that heavily on international investors for new issuance of government bonds. Also no additional sanction on the pipeline with Germany.

We've been sanctioning Russia since 2014 with really minimal results to show for it. They still do whatever they want.

[Yo_Mama_Been_Loggin]

16. Nice to have a president who'll kick Putin's ass instead of kiss it.

[orangecrush]

28. Got that right

[rockfordfile]

19. good need more.

[Nae Bother]

20. Hopefully it goes beyond that

Hopefully, behind the scenes, the US is raining cyber-hellfire down on the Russians and sending them back to the Paleolithic Age.

[gopiscrap]

25. welcome to DU

[orangecrush]

27. +1

[monkeyman1]

21. trump is a foreign asset to Russia !! treat him as such. register as foreign agent !

[Yo_Mama_Been_Loggin]

23. Russia to expel 10 US diplomats in retaliation against sanctions

Russia's Foreign Minister Sergey Lavrov on Friday said that Moscow will request for 10 U.S. diplomats to leave the country in response to a slew of sanctions the Biden administration announced against the country.

According to Lavrov, Russia is also set to sanction eight U.S. officials and prevent U.S. non-government organizations from interfering in the country's politics, The Associated Press reported.

He also stated that while Russia could move to take "painful measures" against American businesses in the country, it is not currently acting on that.

The move comes after President Biden signed an executive order blocking American financial institutions from lending funds to or purchasing bonds from Russia's Central Bank, National Wealth Fund or Ministry of Finance after June 14 of this year.

https://www.msn.com/en-us/news/politics/russia-to-expel-10-us-diplomats-in-retaliation-against-sanctions/ar-BB1fJ93J

[TxGuitar]

24. Surely we have the capability

To at least temporarily cut Russia off from the world--cut off or disrupt internet access for just a day or two. No banking transactions, no email, etc. Just briefly. Flex some muscle.

[orangecrush]

26. YOU LOSE, PUTIN!