Sanctions on Russia

Julius Caesar said:The European Union—I honestly have no idea how Delta Air Lines is supposed to maintain any kind of sustainable operations under this. It’ll probably just go under.

This is the end—Russian civil aviation's Boeing and Embraer projects are effectively dead in the water from here on out.

Is it actually possible that the EU machine has finally started turning?
I honestly can't wrap my head around it...

Olaf Scholz held talks with Poles and Lithuanians today, and let me tell you, the Polish representative wasn't exactly sticking to the usual diplomatic script.

So, ten different countries have officially slammed the door on Russian airlines, banning them from using their airspace.

Poland was the first one to pull the trigger, and then the United Kingdom, Lithuania, Latvia, Canada, Estonia, Romania, Bulgaria, and the Czech Republic all jumped on board. Throw in Ukraine, and you've got ten nations total enforcing this ban. Basically, Russian planes are being forced to take massive detours around a huge chunk of Europe.

Russia, naturally, hit back with the exact same thing.

Meanwhile, here in the States, we aren't really taking any massive, direct action like that. We've voiced our condemnation of the aggression, rolled out sanctions (just like the rest of the EU), and opened our doors to refugees, but that's about it.

It’ll effectively paralyze any transactions involving the Russian central bank on the global financial stage. We’re looking at a total shutdown of war financing through debt.

So basically—Russian banks that have been under sanctions until now are getting kicked out of SWIFT entirely, the Russian central bank's transactions are being frozen solid, and those Russian oligarchs won't be allowed to spend a single dime in Western markets anymore.

bome

Gary Wilson said:It’ll effectively paralyze any transactions involving the Russian central bank on the global financial stage. We’re looking at a total shutdown of war financing through debt.

well, I guess that mostly comes down to China, damn...

Ashley Ramirez4 said:well, I guess that mostly comes down to China, damn...

Look, there will always be people willing to lend money. The real question is—at what interest rate?

Extreme circumstances call for extreme rates.

So I'm reading this on CNN... They've kicked those banks out of SWIFT. They were already under sanctions anyway, but maybe more will follow if they have to.

I guess Uncle Sam is really playing hardball here.
Looks like things are getting pretty intense over in Europe too, I suppose.

Gary Wilson said:Look, there will always be people willing to lend money. The real question is—at what interest rate?

Extreme circumstances call for extreme rates.

And gold prices are going to tank the second Putin loses his grip.

So, word on the street is Putin’s actually planning to nationalize all the assets held by the European Union and the USA over in Russia, just because of that whole SWIFT situation...

I guess we’re finally getting that Russian stake in Fortenov Group back into our hands after all this chaos...

Adam Lee13 said:So, word on the street is Putin’s actually planning to nationalize all the assets held by the European Union and the USA over in Russia, just because of that whole SWIFT situation...

I guess we’re finally getting that Russian stake in Fortenov Group back into our hands after all this chaos...

Honestly, though—our losses from things like the Ad Platik factory over there, JGL, and a few others will probably be way worse.

And I think the Russians have already pretty much backed out of the Forten-ov Group anyway.

Ashley Ramirez4 said:Honestly, though—our losses from things like the Ad Platik factory over there, JGL, and a few others will probably be way worse.

And I think the Russians have already pretty much backed out of the Forten-ov Group anyway.

Don't forget we've got JPMorgan Chase in the mix too, all those ExxonMobil gas stations, plenty of hotels... there's a lot of it, man. At the end of the day, Ad Platik is private capital, mostly foreign-owned anyway...

Michael Davis10 said:So I'm reading this on CNN... They've kicked those banks out of SWIFT. They were already under sanctions anyway, but maybe more will follow if they have to.

I guess Uncle Sam is really playing hardball here.
Looks like things are getting pretty intense over in Europe too, I suppose.

Yeah, but they're basically paralyzing the Russian central bank's assets—freezing transactions so they can't actually cash out their holdings.
The main players involved are the European Union, France, Germany, Italy, the UK, Canada, and the USA.
That's a real hit...

I mean, maybe Putin was actually prepared for sanctions like this. When he kicked off the war, he probably knew all trade would just grind to a halt. Either he’s got some master plan up his sleeve that we don't know about yet, or he's just genuinely incompetent.

Now it’s China's turn to make a move.

rowdytiger13 said:Yeah, but they're basically paralyzing the Russian central bank's assets—freezing transactions so they can't actually cash out their holdings.
The main players involved are the European Union, France, Germany, Italy, the UK, Canada, and the USA.
That's a real hit...

I mean, what kind of assets does the Russian central bank even have in the EU?
And they'll probably just freeze Western central banks' assets in return.

It's all just a mess, honestly.
Seems like they're getting squeezed, so they left some banks in SWIFT, I guess, just so they can still buy energy without having to lug suitcases of cash back to Moscow.

Nancy Ruiz5 said:Now it’s China's turn to make a move.

China will probably just play it smart and ignore this. Or maybe—if I had to guess—they'll just sleep on it.

Michael Davis10 said:I mean, what kind of assets does the Russian central bank even have in the EU?
And they'll probably just freeze Western central banks' assets in return.

It's all just a mess, honestly.
Seems like they're getting squeezed, so they left some banks in SWIFT, I guess, just so they can still buy energy without having to lug suitcases of cash back to Moscow.

That won't last long either. The longer this drags on, the more Russia will just retreat into total isolation.

What’s going to happen to the Russian Ruble? Once inflation kicks in—and it will—it’ll likely drag down the currencies of Belarus, Kazakhstan, Kyrgyzstan, and Tajikistan along with it...

Michael Davis10 said:I mean, what kind of assets does the Russian central bank even have in the EU?
And they'll probably just freeze Western central banks' assets in return.

It's all just a mess, honestly.
Seems like they're getting squeezed, so they left some banks in SWIFT, I guess, just so they can still buy energy without having to lug suitcases of cash back to Moscow.

Yeah, we're talking like 600+ billion bucks.

Putin isn't getting his hands on any more Euros or Dollars.