[Edward64]

Looks like a partial SWIFT expulsion for now. Tightening the screws slowly vs all at once. Beats me if it'll work.

https://www.cnn.com/2022/02/26/polit...ift/index.html

The White House, along with France, Germany, Italy, the United Kingdom and Canada, announced Saturday evening that they would expel certain Russian banks from SWIFT, the high-security network that connects thousands of financial institutions around the world, pledging to "collectively ensure that this war is a strategic failure for (Russian President Vladimir) Putin."

"This will ensure that these banks are disconnected from the international financial system and harm their ability to operate globally," they wrote in a joint statement released by the White House, also pledging "restrictive measures that will prevent the Russian Central Bank from deploying its international reserves in ways that undermine the impact of our sanctions," and restricting the sale of "golden passports" that allow Russian oligarchs to avoid the brunt of sanctions already levied.

US and European officials have also discussed targeting the Russian Central Bank with sanctions, according to two people familiar with the talks, a step without precedent for an economy of Russia's size.

No final decisions have been made, the people said, and the structure of the sanctions under discussion remains unclear.