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Reply to "US has no good options in Ukraine"
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[quote=Anonymous]Biden announced announced sanctions on a major Russian bank VEB and its military bank. The sanctions will prohibit American financial institutions from processing transactions for VEB and its military bank. This will effectively cut the banks out of transactions involving U.S. dollars, the global reserve currency. Biden also announced that the United States will implement sanctions on Russia’s sovereign debt. “That means we’ve cut off Russia’s government from Western financing,” Biden said in remarks at the White House. “It can no longer raise money from the West and cannot trade its new debt on our markets. or European markets either.”[/quote]
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