EXPLAINER: What are US options for sanctions against Putin?
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AP
SWIFT
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the Federal Reserve
CONTROLSWhite House
NORDSTREAM 2 NATURAL GAS PIPELINE
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Geir Moulson
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Summary
WASHINGTON (AP) — The financial options being considered to punish President Vladimir Putin if Russia invades Ukraine range from the sweeping to the acutely personal — from cutting Russia off from U.S. dollars and international banking to slapping sanctions on a former Olympic gymnast reported to be Putin’s girlfriend. Leaders have given few hard details to the public, however, arguing it’s best to keep Putin himself guessing.And weeks into the negotiations, it’s far from clear that Americans have succeeded in achieving U.S. and European consensus on what sanctions will be imposed, and what would trigger them.A look at some of the financial actions under consideration:SWIFT RETALIATIONFor the U.S. and its European allies, cutting Russia out of the SWIFT financial system, which shuffles money from bank to bank around the globe, would be one of the toughest financial steps they could take, damaging Russia’s economy immediately and in the long term.
As said here by ELLEN KNICKMEYER