The U.S. and its Western allies are working to tighten the oil price cap on Russia and close loopholes that have enabled evasion, aiming to cut off the energy revenue that funds the Kremlin's war in Ukraine. The Biden administration is also signaling new support for seizing over $300 billion in Russian central bank assets stashed in Western nations to aid Ukraine as its funding dries up, with urgent discussions taking place with allies. This move comes as the G7 countries have agreed to postpone Ukraine's national debt payment until 2027 through a debt suspension agreement. Moreover, the U.S. is set to sanction traders of Russian oil and is preparing to crack down on foreign banks that help fund Russia's war machine by supporting its military-industrial complex, with President Biden ready to sign an executive order targeting these financial institutions.
U.S. Imposes New Sanctions On Companies Doing Business With Russia—But Isn’t Seizing Russian Assets https://t.co/N5kvj5E0mO https://t.co/3Kmi3javD9
Russia says it could sever relations with the US if its frozen assets are confiscated
The trigger for a possible severance of relations with the United States could be the confiscation of frozen Russian assets and further escalation of military escalation - Deputy Foreign Minister of the Russian Federation Ryabkov in an interview with Interfax https://t.co/Sk8nAYtO0Z
G7 moves closer to seizing Russian assets for Ukraine via @FT https://t.co/QGbCEmS4n1
Biden signs an executive order aimed at financial facilitators of the Russian defense industry https://t.co/rgGQZJdBfA
The U.S. and Europe are coming around to the idea of seizing $300 billion in frozen Russian assets to fund the war effort in Ukraine. https://t.co/ET9ppAOztz
The U.S. and our global coalition have placed historic sanctions and export controls that have restricted Russia’s ability to wage its brutal war against Ukraine. Over nearly two years, our sanctions have weakened the Russian economy and undermined the Kremlin’s war effort. https://t.co/2RNI6oeg4I
Biden to launch expanded sanctions going after banks working with Moscow https://t.co/G8js57EyIi https://t.co/2DnskGiUxS
White House announces new measures tightening sanctions for cooperation with Russian military-industrial complex US President Joe Biden has already signed the decree. The decree provides for tougher sanctions against financial institutions, which in any way participated in… https://t.co/EuFDplgkPG
Good thread on how secondary sanctions on financial institutions work and likely scope of new measures. The focus on foreign banks supporting Russian military supply chains coincides with enforcement priorities this year- highest on limiting access to components used for military https://t.co/fnCI7r51Q7
U.S. to Clamp Down on Financial Firms That Help Russia Buy Military Supplies #globalrisk https://t.co/Bzbtjx3tdT
JUST IN: Biden to sign order targeting “financial facilitators” in Russia's war against Ukraine https://t.co/2tI4IbGyDU
Russian Deputy Foreign Minister Sergey Ryabkov said that if U.S. authorities decide to seize frozen Russian assets or continue “fueling military escalation” in Ukraine, this could mean the end of diplomatic relations between the countries. https://t.co/o4pPcibIQ6
The Biden administration will blacklist foreign financial institutions that support Russia’s military industrial complex as part of Washington’s efforts to starve Moscow’s war machine. @felschwartz reports: https://t.co/FiXeafeZK5
The Biden administration is planning to crack down on banks and financial services firms that are helping Russia evade sanctions on access to military technology and equipment that are aiding its war against Ukraine, according to administration officials. https://t.co/ZRI1AG1wVE
Russia's dep foreign minister says decision by Washington to seize frozen Russian assets could trigger suspension of diplomatic ties. Moscow doesn't "worship" its relations w America. However, he also claims that Moscow wouldn't initiate this. Uh, okay. https://t.co/kLzXATBeIQ
U.S. takes aim at financial institutions with new Russia sanctions authority https://t.co/XMwyuOhJm2
The Biden administration is sending Vladimir Putin his Christmas present a little early this holiday, and this year it's something extra special: secondary sanctions! A Yuletide 🧵about this escalation in the US economic war against Russia's war machine and how it will work. https://t.co/2UPKu4ZGyF
🚨 RUSSIA'S WARNS U.S: HANDS OFF OUR $300B Biden plan to tap into Russia's frozen $300 billion assets for Ukraine, triggers Kremlin threatening to snap diplomatic relations. Moscow slams the proposed asset grab as a dire threat to global finance, hinting at severe… https://t.co/5v4DNwkwql
US takes aim at financial institutions with new Russia sanctions authority - Reuters https://t.co/8sQHGA6QtE
The US said Friday it will sanction foreign banks that support Russia's war in Ukraine, in a new bid to exert economic pressure on Moscow as it diversifies from the West to China ➡️ https://t.co/D64PmUPDFI https://t.co/TzECfS3RGW
Breaking news: The Biden administration will blacklist foreign financial institutions that support Russia’s military industrial complex as part of Washington’s efforts to starve Moscow’s war machine. https://t.co/e6DAfcEwQm https://t.co/psl21BhdIY
BREAKING: President Biden to order tougher sanctions on Russian fish processed in other countries like China. This is big news for Alaska and everyone who's pro-fish. Proud to work alongside our Senators and fishermen to get here today. https://t.co/1F7eUliA4U
NEW: US Aims Tougher Sanctions at Banks in Latest Bid to Hurt Putin w/ @JenniferJJacobs https://t.co/cSi8bryY3V
US threatens sanctions on banks that help fund Russia’s war machine https://t.co/AU3lLqmLY7
Biden to Sign Order Targeting Support For Russia’s Defense Industrial Base https://t.co/a8gyznlkjL
Putin's panicking. Cue the usual Kremlin threats. Desperate to avoid #Ukraine getting billions of frozen Russian assets, Russia's said it may sever diplomatic ties with the US if it confiscates Russian assets. America should say: Frankly my dear... https://t.co/TThXSOoznB https://t.co/ceh0eJfFRD
The administration of US President Joe Biden has begun urgent negotiations with allies on the use of frozen Russian assets for military support of Ukraine, the New York Times reports, citing sources among American and European officials.
The Biden administration has stepped up efforts to confiscate $300 billion in Russian assets frozen in Western countries, thus trying to compensate for the inability to allocate additional funds in Congress. Some issues to do so still have to be overcome. https://t.co/1Km2er56ha
UKRAINE WESTERN CREDITORS SIGN DEBT SUSPENSION AGREEMENT THROUGH MARCH 2027 (Reuters) (all of the loans to Ukriane, don't have to be paid back till 2027. By then they will be forgiven) Ukraine and a group of its Western creditors signed an agreement on Thursday to extend… https://t.co/mlm6JIcV58
🤔 US steps up efforts to confiscate Russian assets in favour of Ukraine amid congressional blockade – NYT https://t.co/IeJgxSavbA
G7 countries agree to postpone Ukraine's debt repayment until 2027 https://t.co/FMUspJ64fg
Despite legal reservations, policymakers are weighing the consequences of using $300 billion in Russian assets to help Kyiv’s war effort. https://t.co/Aep5gy61oW
The White House urgently began negotiations with allies on the issue of withdrawing frozen Russian resources to support Ukraine - The NYT 300 billion is at stake. The US Congress does not allocate money for the Bandera regime, so Biden and his gang decided to put pressure on… https://t.co/ZkrRCW5c1E
US is looking more closely at using seized Russian assets to fund Ukraine. (this involves Russian state foreign reserves, not yachts) https://t.co/gjqpp9Kdpk
⚡NYT: White House intensifying efforts to confiscate Russian assets. https://t.co/jU7mrxEq2q
US Eyes Frozen Russian Central Bank Funds to Fund Ukraine Over $300 billion in Russian central bank funds is frozen in the US, Europe and Japan by Dave DeCamp @DecampDave #Russia #banking #theft https://t.co/dBb3vZaiUo https://t.co/NlpCbASOol
The G7 countries have agreed to postpone the payment of Ukraine's national debt until 2027, the press service of the Ukrainian Ministry of Finance reports https://t.co/IVX9EhItuZ
⚠️ UKRAINE WESTERN CREDITORS SIGN DEBT SUSPENSION AGREEMENT THROUGH MARCH 2027 -FINANCE MINISTRY Ukraine and a group of its Western creditors signed an agreement on Thursday to extend through March 2027 a debt payment suspension first agreed in September 2022, the Ukrainian… https://t.co/KcGp8uiJIj
The administration of US President Joe Biden has started urgent talks with allies on the use of frozen Russian assets for military support for Ukraine, the New York Times has reported, citing sources in the US government. https://t.co/pFCNb9iDEj
The Biden administration is quietly signaling new support for seizing more than $300 billion in Russian central bank assets stashed in Western nations, and has begun urgent discussions with allies about using the funds to aid Ukraine’s war effort. https://t.co/Nw0oBDYkfh
The pitfalls of seizing Russian assets to fund Ukraine https://t.co/5YOTfwlK4T | opinion
NYT: "U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up" This is great. It still must be asked though, why wasn't this done a year & a half ago. Biden correctly states that we can't go back to accepting Hamas' control over Gaza. Yet on Russia, it's clear that… https://t.co/fXYKe5pe34
Biden admin is quietly signaling new support for seizing more than $300 billion in Russian central bank assets stashed in Western nations, and has begun urgent discussions with allies about using the funds to aid Ukraine’s war — @SangerNYT @arappeport https://t.co/Y0T0ENKw72.
🔸 U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up The Biden administration is quietly signaling new support for seizing more than $300 billion in Russian central bank assets stashed in Western nations, and has begun urgent discussions with allies about…
"US Sanctions Traders of Russian Oil as It Tightens Price Cap" via @Bloomberg @Business https://t.co/lU0fZbtxew
The U.S. and its Western allies said they would tighten loopholes that have allowed Russia to evade a cap on its oil price, aiming to bolster a policy that was intended to curb energy revenues the Kremlin has used to fund the Ukraine war. https://t.co/jRnZc6rS87