By Micah Halpern
Thursday April 15, 2021
I've Been Thinking:
The Biden Administration has slapped Russia with a series of sanctions.
The announcement about these sanctions was unclear as to the timing. There was no date given for when these measures would take effect.
It did, however, explain that included in the sanctions will be a list of banned companies. Also included is the expulsion of diplomats. And finally, the sanctions will prevent US banks from buying any Russian bonds from Russia’s central bank, from their national wealth fund and from the Russian finance ministry.
This is a major step in the right direction. Russia has been a significant agitator in the US political arena and in US financial markets. When it comes to foreign affairs, the Russians tease and taunt the United States.
In response to the Biden announcement, Moscow said that they are considering a response which may also include counter sanctions against then United States. The Kremlin spokesperson explained that: "The principle of reciprocity for such matters has not been canceled, but everything will depend on the decisions made by the (Russian) head of state.”
Every decision in Russia, we all well know, is made by the head of state.
Micah@MicahHalpern.com
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