US to add more sanctions against Russia

 Fox Business:

President Biden's administration is set to announce a slew of sanctions against Russia on Wednesday as the country's invasion of Ukraine continues.

The White House is expected to roll out aggressive sanctions on U.S. companies doing business in Russia or with organizations or individuals directly linked to the state. The policy will likely end all new attempts at investment in the country moving forward. Russian financial institutions such as the national bank and state-run businesses will be hit hard as well.

"This will include a ban on all new investment in Russia, increased sanctions on financial institutions and state owned enterprises in Russia, and sanctions on Russian government officials and their family members," a source familiar with the proposed sanctions told FOX Business.

"These measures will degrade key instruments of Russian state power, impose acute and immediate economic harm on Russia, and hold accountable the Russian kleptocracy that funds and supports Putin’s war," the source said. "These measures will be taken in lock step with our allies and partners, demonstrating our resolve and unity in imposing unprecedented costs on Russia for its war against Ukraine."
...

The Russian economy is already in shock, but Putin is bitterly clinging to his unprovoked war against Ukraine.  The Russians are also being hit with allegations of war crimes. 

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more