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President Biden Set to Sign Executive Order Bolstering Sanctions on Russian Financial Supporters



In a decisive move, President Joe Biden is set to sign a new executive order this Friday aimed at amplifying sanctions against Russia. This initiative, as outlined by senior administration officials, is primarily directed at financial institutions supporting Russia's military efforts in Ukraine.

The executive order is distinctive for introducing secondary sanctions targeting financial institutions. This marks the first instance in the current conflict where such a strategy is employed, specifically designed to disrupt Russia's access to vital resources needed for its military operations in Ukraine.

One senior official highlighted the precision of this approach, describing it as a "surgical" method to impede institutions that are aiding Russia with goods and financial services. Over the past two years, discussions with various jurisdictions and financial bodies have emphasized the importance of not supporting Russia's economy. This executive order serves as a mechanism to enforce accountability for those who fail to adhere to these guidelines.

According to the administration, the primary aim of this order is to hinder the logistical capabilities of the Russian military. Treasury Secretary Janet Yellen praised the order, asserting it as a powerful tool against Russia's warfare resources. She assured that the U.S. would not shy away from employing these new sanctions to target and penalize institutions that bolster Russia's military supply chain.

A senior official informed CNN that parts of the order would become effective immediately upon the President's signing. While U.S. officials acknowledge that existing sanctions have significantly impacted Russia's economy, they have yet to compel Russia to cease its military campaign in Ukraine.

Concurrently, the Biden administration continues to urge Congress to approve additional funding for Ukraine, emphasizing its critical importance in the ongoing conflict.

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5 Comments


Unknown member
Feb 10

Should have been done long ago. Better late than never but still...

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Unknown member
Dec 22, 2023

Great News! We knew that this war would be won by economics as soon as the Ukrainian volunteers spanked Russia's elite troops at Antonov Airport! After all of his rhetoric, Putin could not pull out of Ukraine (at least before next year's election) so he burns through men and equipment. Meanwhile the West squeezes Putin & friends harder and harder.


Economic sanctions also reduce Moscow's power over its citizens throughout the federation. Every regional and city leader supports Moscow, not out of loyalty but because they get to steal from the system. This form of bribery cannot be sustained as Moscow tightens its belt - will these local leaders remain loyal to Uncle Vlad?


I think we have a new…

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Unknown member
Dec 31, 2023
Replying to

The point of sanctions is not to make things impossible for Russia, rather it is to make them more complicated and more expensive. Every time Russia has to work around a Western sanction it cost them. This means that Putin burns through his cash reserves faster and faster. He must use those reserves to prop up the Russian economy as well as fund the war.


Sanctions and this war are slowly destroying the Russian economy. Plus, the biggest problem with a corruption-based economy is that you need to throw around enough cash so it is worth their while. When the cash dries up loyalty does, too.

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Unknown member
Dec 22, 2023

Maybe that's one card up their sleeve. Look at all the exec order trump put out for his buddies.

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