A White House official said today, Sunday, that the US administration decided to adopt the Iranian model in punishing Russia, and expelling its banks from the Swift system, as it did with Iran.
The official added that Washington would not allow the use of the Russian Central Reserve to support the ruble, and would also freeze all the assets of the Russian rich, from luxury cars to yachts, and send the first of them to private schools in the West, and would also withdraw golden residency and citizenships for the Russian rich.
Sanctions on Russia (AFP)
The White House official confirmed that Russia has become an economic pariah state, and that 10 Russian banks containing 80 percent of the funds have been targeted.
“Only Putin can tell us how much he can tolerate these sanctions,” the US official declared.
Another round of sanctions
The United States, Britain, Europe and Canada took steps on Saturday to exclude Russia from the SWIFT system for global interbank payments, as part of the… Another round of sanctions Against Moscow, which continues its attack on Ukraine.
The countries said in a joint statement that the measures, which will also include restrictions on the international reserves of the Russian Central Bank, will be implemented in the coming days.
In this regard, British Prime Minister Boris Johnson said that Britain and its allies took “decisive action” on Saturday to exclude Russia from the global financial system by preventing its banks from using the SWIFT system for global interbank payments.
“We took decisive action tonight with our international partners to exclude Russia from the global financial system, including…
The first important step is to get Russian banks out of the SWIFT system.”