The world is following the Russia-Ukraine crisis closely. There are successive statements about the region where the waters are warming. Milley, the US Chief of Staff, stated that they have not seen the like of Russia’s military build-up on the Ukraine border in the near future. Milley also said that the situation was like in the Cold War era.
US Defense Secretary Austin also said he did not believe Putin had made the final decision to enter Ukraine, but said he was now capable of doing so.
Ukrainian President Volodymyr Zelenskiy stated that one should be careful when talking about the possibility of a war between Russia and Ukraine and said, “The press in England, Germany, France and Lithuania gives the impression that there is a war. But that’s not the case. We don’t need this panic.” said.
BIDEN’S BANK PLAN
The Biden administration discussed possible sanctions against Russia in the event of an invasion of Ukraine with the largest US banks.
According to Bloomberg’s report, senior officials from the Biden administration, Citigroup, Bank of America, JPMorgan Chase & Co. and Goldman Sachs, the country’s biggest banks, about possible sanctions against Russia.
The Biden administration shared with banks concern whether sanctions against Russia would create similar problems, such as disruption to the global aluminum supply chain and a 30 percent price increase in 2018.
“SANCTIONS ON STATE COMPANIES ARE REVIEWING”
According to the Wall Street Journal, the Biden administration is considering sanctions against major Russian banks and state companies.
Although there is no final decision among the banks that will be sanctioned in case of Russia’s invasion of Ukraine, there are several of Russia’s largest state banks, such as VTB Bank, and targeting key sectors that export advanced microelectronics is under review.
Sanctions on Russia’s oil and gas exports and the exclusion of Moscow from the global SWIFT system are not on the agenda for now, according to a US official.