Punishing Russia With Sanctions
POSTED BY: THG
UPDATED: Tuesday, August 4, 2026 04:52
VIEWED: 33436
PAGE 1 of 63
Biden and our allies are doing this in record speed.
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The world has had enough.
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MP uses parliamentary privilege to name Russian oligarchs
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Tory MP Bob Seely used parliamentary privilege to name lawyers helping Russian oligarchs in the UK.
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Expert explains Russian oligarchs' dirty money
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Multinationals flee Russia, punishing Moscow
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GOP senators push back hard on Trump's praise of Putin
SENATE
Large multinational companies are fleeing Russia, joining a large swath of the international community in moving to isolate the nation in response to its brutal invasion of Ukraine.
Oil and gas giants BP and Shell announced they are leaving Russia after spending decades making investments worth billions of dollars in the country, while several U.S. companies are halting all shipments to Russia.
The exodus is expected to continue as more businesses weigh the reputational and financial risks of doing business with Russian President Vladimir Putin. Experts say that if energy firms are willing to forfeit huge sums by pulling out of Russia, industries with much less to lose will soon follow suit.
“I think corporate executives, in addition to considering political risk, are genuinely outraged by what Russia has done,” said Bill Reinsch, the Scholl chair in international business at the Center for Strategic and International Studies, adding that he is surprised by just how quickly companies have made the call to leave Russia.
These decisions are driven in part by enormous public pressure to disown the Russian government and also by the sweeping sanctions imposed by the U.S. and its allies that severely complicate companies’ ability to do business with Russian entities.
Shell on Monday said that it will abandon stakes in Russian state-owned energy projects that are worth roughly $3 billion. The Dutch company noted that the move will hurt the value of its assets and “lead to impairments.”
"We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless act of military aggression which threatens European security," Shell CEO Ben van Beurden said in a statement.
That announcement came after BP, a longtime defender of Putin, said it would desert its 20 percent stake in Russian state-owned energy firm Rosneft. The move could cost BP as much as $25 billion if the oil giant is forced to write off the investment, as selling it could prove difficult under strict sanctions.
“Russia’s attack on Ukraine is an act of aggression which is having tragic consequences across the region,” BP Chairman Helge Lund said in a statement. “BP has operated in Russia for over 30 years, working with brilliant Russian colleagues. However, this military action represents a fundamental change.”
As Russia escalates its attacks on Ukraine, it’s becoming increasingly isolated from the rest of the world. American shipping companies FedEx and UPS said they would temporarily suspend all shipments to both countries, while Germany’s DHL said it would pause some services to Russia and Ukraine, citing security concerns.
Ocean carrier Maersk said Monday that it might suspend shipments to and from Russia, a move that would further cut the nation off from international trade. The Danish shipping giant said that it was monitoring the security situation in Ukraine and “preparing to comply with the ever-evolving sanctions and restrictions imposed against Russia.”
Companies that haven’t fled are likely evaluating how to navigate complex sanctions and exploring whether continuing business with Russia is worth the regulatory challenges.
In response to the Kremlin’s invasion of Ukraine, the U.S. and its allies froze roughly $630 billion in Russian central bank assets being held abroad, blocked fundraising for Russian state-owned entities and cut some Russian banks out of the SWIFT international payments system. The U.S. blocked Russian state-owned banks from accessing the U.S. dollar and imposed export controls that prevent Russia from obtaining computer chips and other technologies.
In just a matter of days, the sanctions have
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Quote:
Originally posted by THG:
Biden and our allies are doing this in record speed.
When we get the next GWB in office after all the rights you've gladly given away to Leftist leaders, it's going to be your bank account that gets frozen when they give you a failing social credit score because of your post history.
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Me: "Remember Covid?"
Useless Idiots: "What's Covid, durr? Russia, Ukraine, Putin, NATO *drool*. DURRRR!!!!"
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Putin's Ukraine invasion 'dramatically worse for Russia’s strategic position in Europe'
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Holy shit Ted.
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Me: "Remember Covid?"
Useless Idiots: "What's Covid, durr? Russia, Ukraine, Putin, NATO *drool*. DURRRR!!!!"
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Why the enormous scale of financial pain being inflicted on Russia worries some in the West
https://www.msn.com/en-us/money/markets/why-the-enormous-scale-of-fina
ncial-pain-being-inflicted-on-russia-worries-some-in-the-west/ar-AAUxvE4?ocid=msedgdhp&pc=U531
These sanctions are going to last long after they are lifted. Russia will never be the same. Most who will suffer have nothing to do with Putins' decisions yet without sanctions of this magnitude war is the only option left. It may come to that yet. Putin cannot be allowed to march through Europe. There are no winners here. Only those who will suffer because a mad man is running Russia.
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