UK - freezes the assets of all major Russian banks, including VTB Bank, the nation’s second-biggest bank. Britain also plans to bar Russian companies and the Russian government from raising money on U.K. markets.
Britain will also ban the export of a wide range of high-tech products, including semiconductors, to Russia and to prohibit the nation’s flagship airline, Aeroflot, from landing at U.K. airports.
So - this really is a minor inconvenience for Russia. Will US and EU follow suit? If they do, it would actually mean something.
What should also be done is:
1. Ban Russia from SWIFT.
2. Sanction Putin and all the oligarchs, all their spouses/children/families personally. Freeze all accounts and properties. EVERY one. Expel all who live in the West. We know exactly who they are/where they are.
3. Export controls on all Russian exports (timber, minerals, etc.)
4. Specifically oil/gas - announce measures designed to reduce/prevent Russian oil/gas sales. Allow such sales only if the payment goes into escrow accounts not accessible by Russians today.
Britain will also ban the export of a wide range of high-tech products, including semiconductors, to Russia and to prohibit the nation’s flagship airline, Aeroflot, from landing at U.K. airports.
So - this really is a minor inconvenience for Russia. Will US and EU follow suit? If they do, it would actually mean something.
What should also be done is:
1. Ban Russia from SWIFT.
2. Sanction Putin and all the oligarchs, all their spouses/children/families personally. Freeze all accounts and properties. EVERY one. Expel all who live in the West. We know exactly who they are/where they are.
3. Export controls on all Russian exports (timber, minerals, etc.)
4. Specifically oil/gas - announce measures designed to reduce/prevent Russian oil/gas sales. Allow such sales only if the payment goes into escrow accounts not accessible by Russians today.