The White House is ready with sanctions against Putin’s insides

The White House said on Monday it had developed “specific packages of sanctions” to attack Russian “elite” who are “in or near the Kremlin’s inner circle” if President Vladimir Putin orders an attack. Ukraine.

President Biden’s press secretary, Jen Psaki, said the sanctions were being coordinated with US allies, mainly in Europe. She confirmed reports that President Biden authorized steps beyond what the Obama White House approved after Russia annexed Crimea in 2014.

Ms. Psaki said nothing about tracing Putin’s private assets, but senior officials in recent days said some of the names on the list included financiers and others believed to be in the business. hold the assets of the Russian leader.

“The individuals we have identified are in or near the Kremlin’s inner circle and play a role in government decision-making or are minimally complicit in destabilizing behavior,” Ms. Psaki said. of the Kremlin. “Many of these individuals are particularly vulnerable targets because of their deep financial ties to the West, as they will be hurt by the sanctions that bind them to other countries. Western financial system.”

She called the list, which was not released by the White House, “part of our effort to hit Russia from all angles” in the event of an invasion.

Many of those alleged to be on the list have known for many years that they are likely American-American, and some have perhaps moved their possessions to try to get them out of reach. . But the extent of their success may not be known unless sanctions are invoked.

Until Monday, the White House had only spoken publicly about cutting off Russia’s largest banks from conducting financial transactions; restrict the export of key technologies needed by major Russian manufacturers, including arms suppliers; and restrict access to consumer goods, especially those containing US-made or US-designed microelectronics.

In the past, the United States has always been wary of direct attacks on the assets of Putin, his cabinet and advisers. Now, Mr. Biden and his aides have concluded that it would be a better strategy to signal that they are personally cut off from the international financial system and that their cash and investments are not. can be used in Western markets.

In a notable departure, the United States also plans to ban the children of some Russian elites from attending prestigious universities in the United States and Europe. Like the Chinese elite, many powerful Russians send their children to the best colleges and universities in the United States and Europe.

British government officials also confirmed on Monday that they planned parallel sanctions. The White House is ready with sanctions against Putin’s insides

Fry Electronics Team

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