Sanctions against Russia

[Renauda]

[George K]

[Renauda]

@George-K

If you read the link I posted above he might just have that in mind.

[Mik]

Sanctions start to hit the people.

https://www.msn.com/en-us/news/world/moscow-insiders-describe-panic-frustration-and-shame-as-russia-gets-cut-off-from-the-global-economy/ar-AAVsfXT?ocid=msedgntp

[Larry]

@George-K said in Sanctions?:

Fred!!

[George K]

Russia's airlines are starting to worry about replacement parts. If they can't do proper maintenance and service, they might be denied access to many airports.

And, speaking of aircraft, a major supplier of fighter-jet parts is in ... Germany.

[George K]

Saw a story that seizing the oligarchs' yachts and other property might be illegal. Wouldn't surprise me.

[Renauda]

@George-K

Heard that as well. On the other hand, the extraordinary actions of one country deserve extraordinary responses from other countries. In this case seizure of assets abroad linked to Russian lawmakers and oligarchs are fair game. Let the bleeding hearts go ahead and bleed.

[George K]

@Renauda said in Sanctions?:

In this case seizure of assets abroad linked to Russian lawmakers and oligarchs are fair game.

Indeed.

[Mik]

I believe invading neighboring countries and shelling residential areas is rather frowned upon as well.

[George K]

[Renauda]

[LuFins Dad]

@Mik said in Sanctions?:

Sanctions start to hit the people.

https://www.msn.com/en-us/news/world/moscow-insiders-describe-panic-frustration-and-shame-as-russia-gets-cut-off-from-the-global-economy/ar-AAVsfXT?ocid=msedgntp

Many in Moscow have cited soaring inflation as the most egregious problem

Wonder if they are calling it Bidinflation?

[taiwan_girl]

Well, the US is "ramp" up the pressure a bit more.

QUOTE
The United States starting Tuesday (Apr 5) will bar Russia from making debt payments using funds held at American banks, ramping up the economic pain on Moscow over its invasion of Ukraine, the US Treasury said.
UNQUOTE

(https://www.channelnewsasia.com/world/us-blocks-russia-paying-debt-dollars-held-us-banks-treasury-2609431)

[George K]

[George K]

Spotify stops streaming to Russia.

https://www.msn.com/en-us/money/companies/spotify-pulls-out-of-russia-citing-new-laws-restricting-free-expression/ar-AAVuuuv

[George K]

[Mik]

Well, if they have assets Russia can attach we need to have a conversation about that.

[Renauda]

@Mik

It’s a diplomatic badge of honour to be PNG’d by Russia as of late. It means nothing and is entirely for domestic consumption over there.

[George K]

Neutral?

https://sanctionsnews.bakermckenzie.com/switzerland-adopts-fifth-comprehensive-sanctions-package-against-russia-imposed-by-the-european-union/

On 13 April, in light of Russia’s ongoing military aggression against Ukraine, the Swiss Federal Council decided to fully adopt the new sanctions introduced by the EU in its fifth sanctions package against Russia on 8 April (see blog post here). The Ordinance on Measures connected with the Situation in Ukraine (the “Ordinance”) will now be revised accordingly. It will be published and enter into force some time after the Easter Holidays.

The new EU measures target trade, finance and transport. In the area of trade, measures include a ban on the import of coal and other goods that serve as important sources of revenue for Russia (such as wood, cement, seafood and vodka), and an export ban on kerosene and other goods that could contribute to strengthening Russia’s industrial capacity (including industrial robots and certain chemicals).

In the area of financial restrictions, the new EU measures include a ban on the participation of Russian companies in public procurement, a ban on financial support for Russian public institutions and further new financial measures, particularly aimed at trusts.

The new EU measures targeting transport namely include a ban on Russian and Belarusian road transport undertakings preventing them from transporting goods by road within the EU, and a ban on access to EU ports for Russian vessels. The Federal Council has announced that Switzerland will not be adopting these transport bans, deeming them unnecessary due to Switzerland’s geographic location.