War in Ukraine: Facing Russia, Joe Biden’s bet on long-term strength of retaliation measures

The penalties package presented Thursday by the White House testifies to both a moscow chasting desire on an unprecedented scale and preserve the interests at the US consumer pump.

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The worst seemed inconceivable in Ukraine, and he arrived. Adopting an unprecedented role of Pythia, Washington had denounced for three months the military projects of Russia against Ukraine, warning Moscow consequences. But the Kremlin makes fun of being taken without alibi during his crime and acts according to other criteria.

This is the bidan administration forced to trigger the packet of sanctions it had elaborated, in close coordination with its European allies. For the third time this week, the US president delivered a speech, Thursday, February 24, to raise the bar of these measures, according to a mysterious scale of proportion, supposed to correspond to the Russian military acts on the ground.

We do not know what the American answer would be to a possible removal of the Ukrainian president Volodymyr Zelensky to the sound of the cannons. On the ABC channel, Secretary of State Antony Blinken said “persuaded” that this was the goal of Vladimir Putin.

In the meantime, the packet of penalties presented testifies to both a chasting desire Russia on an unprecedented scale, and preserve the interests at the US consumer pump. “Putin’s aggression against Ukraine will eventually cost Russia, economically and strategically, assured Joe Biden. We will make sure. Putin will be a parliament on the international scene. Any country that will support the aggression characterized Russia against Ukraine will be splashed by association. “

Putin and his family spared, for now

The first component of sanctions concerns the financial sector. The ten largest Russian institutions are targeted, holding nearly 80% of the country’s assets. The goal is to deprive these institutions and state corporations of any foreign funding. The Sberbank – the largest bank in Russia – will no longer have access to the US financial system, and will have a hard time operating dollar transactions. The VTB Bank and all its subsidiaries will see their assets frozen when they register in the American financial system, specifies a public note from the White House. Similar sanctions target three other institutions. But we do not know what sums are concerned.

Second part, many state-controlled companies – in the banking, energetic or transportation sectors – will no longer be able to “raise funds through the US market”. These entities account for a total of $ 1,400 billion (€ 1,250 billion) of assets.

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/Media reports.