Trudeau announces sanctions on Putin, calls for Russia's removal from SWIFT banking system

Sanctions will also apply to Russia's foreign minister and Putin's chief of staff

Canada will impose sanctions directly on Russian President Vladimir Putin and his inner circle of advisers, Prime Minister Justin Trudeau announced Friday afternoon.

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Trudeau is now calling for Russia's removal from SWIFT, the Belgian-based banking system used for many international financial transactions.

"Excluding Russian banks from SWIFT will make it even more difficult for President Putin to finance his brutalities," Trudeau said.

Trudeau and British Prime Minister Boris Johnson are the NATO leaders pushing most vocally for Russia's removal from the banking system. The EU decided on Friday that it would not make that recommendation. The U.S. also has said it is not yet calling for that move.

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https://www.cbc.ca/news/politics/ottawa-putin-sanctions-1.6365179

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4 replies	Author	Time	Post
Trudeau announces sanctions on Putin, calls for Russia's removal from SWIFT banking system (Original post)	Spazito	Feb 2022	OP
Why hasn't the US done this yet?	PuraVidaDreamin	Feb 2022	#1
It does take a little time to get all our ducks in a row. I first read about people in the	abqtommy	Feb 2022	#2
I heard a former treasury official say the same thing	Raven123	Feb 2022	#3
Know Your Trump Supporter	Fords Crackpipe	Mar 2022	#4

Response to Spazito (Original post)

Fri Feb 25, 2022, 05:32 PM

PuraVidaDreamin (4,013 posts)

1. Why hasn't the US done this yet?

I just spoke to a very good friend who fled the now Czech Republic under a lot of
the same circumstances. She was five, hiding in the back of a truck under a tarp
under her mother's arms. She was terrified and is experiencing PTSD.

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Response to Spazito (Original post)

Fri Feb 25, 2022, 05:40 PM

abqtommy (14,118 posts)

2. It does take a little time to get all our ducks in a row. I first read about people in the

U.K. advocating kicking Russia out of Swift two days ago so I'm encouraged that this is
going to happen.

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Response to abqtommy (Reply #2)

Fri Feb 25, 2022, 05:46 PM

Raven123 (3,800 posts)

3. I heard a former treasury official say the same thing

Then I heard Ben Sasse this morning say the plan should have been set up earlier. I agree with him. I just wonder if Biden isn’t taking the heat for some of the EU. Germany having a new leader after years of Merkel must be feeling overwhelmed. Hope we get it together ASAP.

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Trudeau announces sanctions on Putin, calls for Russia's removal from SWIFT banking system

1. Why hasn't the US done this yet?

2. It does take a little time to get all our ducks in a row. I first read about people in the

3. I heard a former treasury official say the same thing

4. Know Your Trump Supporter