Punishing Russia With Sanctions
POSTED BY: THG
UPDATED: Tuesday, August 4, 2026 04:52
VIEWED: 33436
PAGE 55 of 63
US banks to begin reporting Russian assets for eventual forfeiture under new law
https://apnews.com/article/repo-act-banks-russia-ukraine-russian-asset
s-9ecda7e3e799cdbfb564844ae89a144b
NOTIFY: N | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
EU warns Hungary over easing of visa rules for Russians
https://www.reuters.com/world/europe/eu-warns-hungary-over-easing-visa
-rules-russians-2024-08-01/
NOTIFY: N | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
T 
Russian Economy On The Way Down Update | Inflation, Production, Unemployment Are Not Looking Good
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Moscow-built bridge to Crimea is unlawful, Ukraine claims in court
https://news.yahoo.com/news/moscow-built-bridge-crimea-unlawful-104545
549.html
Russia backed the creation of Donetsk People's Republic and Luhansk People's Republic, very few people backed the creation of these New States maybe only Belarus, Central African Republic, Nicaragua, Sudan, Venezuela and North Korea support what Putin did, the Russians also wanted to make a Republic of South Ossetia or the State of Alania within Georgia in landlocked country in the South Caucasus Mountain area and Abkhazia officially the Republic of Abkhazia, is a partially recognised state, Russia has tried to annex and break away Zaporizhzhia, and Kherson oblasts, despite having failed to occupy all of these Ukrainian territories. .
NOTIFY: N | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
War with Ukraine is the only thing preventing Russia from entering an immediate recession, economists say
Russia would be in a recession by now if it weren't for the nation's hefty war budget, economists told BI.
War spending is propping up the economy, which is becoming increasingly overheated, they added.
But Moscow has big problems on its hands, including soaring inflation and mounting currency issues.
There are many red flags waving inside Russia's economy.
Inflation is one of the biggest problems, Zagorsky said. According to Russia's official statistics service, consumer prices climbed 9% year-over-year in August.
Yet Zagorsky speculated that inflation could be running way hotter than that. The Bank of Russia hiked rates to 19% in September — the highest they have been since the Ukraine invasion began — which prompted central bankers to take emergency policy moves.
"It suggests to me that inflation might actually be really higher, and they're a little bit underreporting," Zagorsky said, pointing to the Soviet Union's practice of understating its inflation numbers during the Cold War.
Russia's economy is also being plagued by currency problems, Gorodnichenko said, pointing to Russia's limited access to the dollar as the result of Western sanctions. That's crimped Moscow ability to trade, especially for its oil and crude products, which make up a significant portion of its total revenue.
Russia has turned to alternative currencies, like China's yuan, to bolster its balance sheet and keep trade humming along. But now even the reminibi is in short supply, with Chinese firms increasingly hesitant to do business with Russia in fear of being targeted by secondary sanctions from the US and other Western states.
"Russia is making fewer sales to China, or receiving less for whatever volumes, physical volumes they send to China. All ... are contributing factors to economic problems in Russia," Gorodnichenko said.
Previously, Gorodnichenko predicted Russia could see a severe recession in the next year if the nation ran out of dollars.
It's unclear if that will happen in the next year, he said, though he noted that the nation's oil revenue has dropped as military spending has climbed. That's partially been a result of crude-oil prices falling globally.
"Russia is not only facing a reduction in demand for its product, but a rather dramatic fall in the price. This is kind of a double-whammy," Zagorsky said. "To me, it's a pretty simple story. The question is how long can the Russian economy keep going in the face of these big headwinds?"
Neither Zagorsky nor Gorodnichenko could say concretely when a recession could start for Russia. That will ultimately depend on how long the war in Ukraine — and therefore, spending on the war — will last.
tick tock...
T
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Another endless Tick Tock prediction that will never pan out, brought to you by the Ted-Bot.
--------------------------------------------------
Trump will be fine.
He will also be your next President. 
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
T
Poverty Crisis Starts Hitting Russia What's Next? | Week 39 News Update From Russia
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
If disinformation was a crime, your video buddies would be in jail already.
Since sanctions ON RUSSIA were such a bust, we (i.e. our warmongering neocons) are focusing on secondary sanctions. Because not only do we feel we have the right to stop OUR nation from trading with Russia, we have the right to tell OTHER NATIONS who they can, and can't, trade with.
https://home.treasury.gov/news/press-releases/jy2404
Which, BTW, is totally illegal under international law.
But what do WE care about international law, eh?
That never stopped us from invading anyone!
*****
Well, secondary sanctions are a real threat to many nations, especially since they do most of their trade in the dollar, and many of them have dollar denominated loans which must be paid back in USD.
India, for instance, is vulnerable. Because altho China is their biggest trading partner, their balance of trade with China is all negative. Most of their net foreign earnings are in the dollar.
Now, India is making bank on buying, refining, and selling Russian oil to Europe. They for sure don't want to lose that income stream. So they'll work mighty hard to try and figure out a way around secondary sanctions.
Brazil, too, is feeling vulnerable, especially since Lula has ties to the DNC but depends on Russia for fertilizer. A reason to sanction- proof their trade.
China also has extensive trade in USD. The USA is no longer a major market (that would be the ASEAN bloc) but the Chinese never ever want to give up global market share since the leadership probably feels, and would be quite rightly, that their political future depends on continued prosperity. Still, they understand that they are our biggest strategic target, and they, too, are motivated to try to work around secondary sanctions.
We can see the results of secondary -sanction fear in some "global south" nations (Brazil, Turkey, India) pressuring Russia to end the war now, so they can go back to being comfortable with their USD denominated trade and finance. So far, most commercial banks, and even the BRICS bank, have respected USD sanctions on Russian banks and have dealt thru smaller intermediaries or thru the Russian agricultural bank, which is the one bank not sanctioned (to protect Russian grain exports, as a humanitarian gesture).
The big deal will be whether the BRICS organization offers any real mechanism to sanction-proof international trade. And THAT would be revealed at the upcoming BRICS meeting in Kazan, chaired by Russia (this year's chair). What is going on now, I'm sure, is a lot of private and very public positioning and negotiations, mostly around Ukraine. Fortunately for Russia, Zelenskiy is adamantly opposed to negotiations, so Russia doesn't have to respond to those calls for negotiations.
Not being an international finance person, I can't imagine what might be proposed at the BRICS meeting in October. If this is an area they want to move forward on, first thing they have to do is come up with a non-SWIFT bank to bank exchange. Russia, India, and China all have their own protocols. They can adopt one, or cobble them together, for central and commercial banks. Or they can adopt something entirely new like CBDC, and let the central banks take over the role of currency exchange.
This last might be the preferred route, since Trump has already said he will sanction any bank that avoids the USD! That would leave commercial banks vulnerable, but it would be unlikely that the USA would sanction other central banks since we depend on them for trade.
In any case, Russia does not seem to be feeling any political pressure from the BRICS member states, since Lavrov has told Brazil, China, and any other BRICSnation that proposes a cease fire now, to stuff it.
BRICS meeting, October. Important.
-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Americans support America
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Sanctions Tighten the Noose Over Russia’s Economic Lifeline: Yuan Shortage Looms
Russia’s reliance on China’s yuan has become a cornerstone of its economic activities since Western sanctions heavily impacted the country’s global financial access following its invasion of Ukraine in 2022. As Moscow was cut off from the dollar and euro markets, China emerged as a vital economic partner. The yuan, China’s currency, soon became the most traded foreign currency in Russia, allowing businesses to maintain crucial trade and financial operations.
However, this vital lifeline may soon face a serious challenge. The United States, in its ongoing efforts to pressure Russia economically, has steadily expanded its sanctions. In June 2024, U.S. sanctions forced the Moscow Exchange to suspend trading in dollars and euros, while a Treasury Department license temporarily allowing some transactions will expire on October 12.
https://www.msn.com/en-us/money/markets/sanctions-tighten-the-noose-ov
er-russia-s-economic-lifeline-yuan-shortage-looms/ar-AA1rr98v?ocid=msedgdhp&pc=U531&cvid=2b7e06e9d9c54709aeddb0b8a5071ef2&ei=130
tick tock says the clock.
T
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME
Quote:
Originally posted by THG:
Sanctions Tighten the Noose Over Russia’s Economic Lifeline: Yuan Shortage Looms
Russia’s reliance on China’s yuan has become a cornerstone of its economic activities since Western sanctions heavily impacted the country’s global financial access following its invasion of Ukraine in 2022. As Moscow was cut off from the dollar and euro markets, China emerged as a vital economic partner. The yuan, China’s currency, soon became the most traded foreign currency in Russia, allowing businesses to maintain crucial trade and financial operations.
However, this vital lifeline may soon face a serious challenge. The United States, in its ongoing efforts to pressure Russia economically, has steadily expanded its sanctions. In June 2024, U.S. sanctions forced the Moscow Exchange to suspend trading in dollars and euros, while a Treasury Department license temporarily allowing some transactions will expire on October 12.
https://www.msn.com/en-us/money/markets/sanctions-tighten-the-noose-ov
er-russia-s-economic-lifeline-yuan-shortage-looms/ar-AA1rr98v?ocid=msedgdhp&pc=U531&cvid=2b7e06e9d9c54709aeddb0b8a5071ef2&ei=130
THUGR: tick tock says the clock.
And this is the reason for having the central banks be currency clearing houses.
If that happens, de- dollarization takes a giant step forward.
For Whom the Bell Tolls
"Therefore, send not to know,
For whom the bell tolls.
It tolls for thee."
John Donne
https://www.yourdailypoem.com/listpoem.jsp?poem_id=2118
-----------
"It may be dangerous to be America's enemy, but to be America's friend is fatal." - Henry Kissinger
Americans support America
NOTIFY: Y | REPLY | REPLY WITH QUOTE | PERMALINK | TOP | HOME