First modification:
The measure would not be included in a first package of sanctions against Russia in the event of military action in Ukraine, although the White House warns that it has “more severe measures” prepared.
The White House assured that among the first sanctions against Russia if it invades Ukraine, the expulsion of Moscow from the Swift banking data system would not be contemplated, a punishment with economic repercussions that had been proposed for weeks.
“All options are still on the table, but you probably won’t see Swift in the first sanctions package,” said Daleep Singh, deputy national security adviser to US President Joe Biden.
According to the official, the United States is preparing a “final package” of sanctions that contains “the most severe measures” that have ever been evaluated against Russia, among which are “powerful export controls” and economic sanctions.
And although the official did not specify the type of sanctions, he assured that the blow would be “immense” for Russia, both for its economy and for its strategic position in the world.
Democratic and Republican senators had contemplated exiting the Swift system as part of the sanctions. The chairman of the Senate Foreign Affairs Committee, Democrat Bob Menéndez, and Jim Risch, the highest-ranking Republican on that committee, have been negotiating possible sanctions against an eventual invasion for weeks.
The Swift system is the basis of the global financial system and is used by at least 11,000 banks in 200 countries or territories to make transfers. Taking Russia out of this system is called the “nuclear option” because of the huge consequences it could have for that economy.
The last time this sanction was applied was against Iran in 2012, after the European Union imposed sanctions under pressure from the United States, which contributed to the decline of the Persian economy.
Tensions continue to rise on the Ukraine-Russia border after Russian-backed separatists evacuated one of Ukraine’s eastern regions on Friday. The West believes that this conflict will be used by Moscow as a justification for an invasion of its neighbor, while Russia denies that it has plans to attack.
with EFE
First modification:
The measure would not be included in a first package of sanctions against Russia in the event of military action in Ukraine, although the White House warns that it has “more severe measures” prepared.
The White House assured that among the first sanctions against Russia if it invades Ukraine, the expulsion of Moscow from the Swift banking data system would not be contemplated, a punishment with economic repercussions that had been proposed for weeks.
“All options are still on the table, but you probably won’t see Swift in the first sanctions package,” said Daleep Singh, deputy national security adviser to US President Joe Biden.
According to the official, the United States is preparing a “final package” of sanctions that contains “the most severe measures” that have ever been evaluated against Russia, among which are “powerful export controls” and economic sanctions.
And although the official did not specify the type of sanctions, he assured that the blow would be “immense” for Russia, both for its economy and for its strategic position in the world.
Democratic and Republican senators had contemplated exiting the Swift system as part of the sanctions. The chairman of the Senate Foreign Affairs Committee, Democrat Bob Menéndez, and Jim Risch, the highest-ranking Republican on that committee, have been negotiating possible sanctions against an eventual invasion for weeks.
The Swift system is the basis of the global financial system and is used by at least 11,000 banks in 200 countries or territories to make transfers. Taking Russia out of this system is called the “nuclear option” because of the huge consequences it could have for that economy.
The last time this sanction was applied was against Iran in 2012, after the European Union imposed sanctions under pressure from the United States, which contributed to the decline of the Persian economy.
Tensions continue to rise on the Ukraine-Russia border after Russian-backed separatists evacuated one of Ukraine’s eastern regions on Friday. The West believes that this conflict will be used by Moscow as a justification for an invasion of its neighbor, while Russia denies that it has plans to attack.
with EFE
First modification:
The measure would not be included in a first package of sanctions against Russia in the event of military action in Ukraine, although the White House warns that it has “more severe measures” prepared.
The White House assured that among the first sanctions against Russia if it invades Ukraine, the expulsion of Moscow from the Swift banking data system would not be contemplated, a punishment with economic repercussions that had been proposed for weeks.
“All options are still on the table, but you probably won’t see Swift in the first sanctions package,” said Daleep Singh, deputy national security adviser to US President Joe Biden.
According to the official, the United States is preparing a “final package” of sanctions that contains “the most severe measures” that have ever been evaluated against Russia, among which are “powerful export controls” and economic sanctions.
And although the official did not specify the type of sanctions, he assured that the blow would be “immense” for Russia, both for its economy and for its strategic position in the world.
Democratic and Republican senators had contemplated exiting the Swift system as part of the sanctions. The chairman of the Senate Foreign Affairs Committee, Democrat Bob Menéndez, and Jim Risch, the highest-ranking Republican on that committee, have been negotiating possible sanctions against an eventual invasion for weeks.
The Swift system is the basis of the global financial system and is used by at least 11,000 banks in 200 countries or territories to make transfers. Taking Russia out of this system is called the “nuclear option” because of the huge consequences it could have for that economy.
The last time this sanction was applied was against Iran in 2012, after the European Union imposed sanctions under pressure from the United States, which contributed to the decline of the Persian economy.
Tensions continue to rise on the Ukraine-Russia border after Russian-backed separatists evacuated one of Ukraine’s eastern regions on Friday. The West believes that this conflict will be used by Moscow as a justification for an invasion of its neighbor, while Russia denies that it has plans to attack.
with EFE
First modification:
The measure would not be included in a first package of sanctions against Russia in the event of military action in Ukraine, although the White House warns that it has “more severe measures” prepared.
The White House assured that among the first sanctions against Russia if it invades Ukraine, the expulsion of Moscow from the Swift banking data system would not be contemplated, a punishment with economic repercussions that had been proposed for weeks.
“All options are still on the table, but you probably won’t see Swift in the first sanctions package,” said Daleep Singh, deputy national security adviser to US President Joe Biden.
According to the official, the United States is preparing a “final package” of sanctions that contains “the most severe measures” that have ever been evaluated against Russia, among which are “powerful export controls” and economic sanctions.
And although the official did not specify the type of sanctions, he assured that the blow would be “immense” for Russia, both for its economy and for its strategic position in the world.
Democratic and Republican senators had contemplated exiting the Swift system as part of the sanctions. The chairman of the Senate Foreign Affairs Committee, Democrat Bob Menéndez, and Jim Risch, the highest-ranking Republican on that committee, have been negotiating possible sanctions against an eventual invasion for weeks.
The Swift system is the basis of the global financial system and is used by at least 11,000 banks in 200 countries or territories to make transfers. Taking Russia out of this system is called the “nuclear option” because of the huge consequences it could have for that economy.
The last time this sanction was applied was against Iran in 2012, after the European Union imposed sanctions under pressure from the United States, which contributed to the decline of the Persian economy.
Tensions continue to rise on the Ukraine-Russia border after Russian-backed separatists evacuated one of Ukraine’s eastern regions on Friday. The West believes that this conflict will be used by Moscow as a justification for an invasion of its neighbor, while Russia denies that it has plans to attack.
with EFE