U.S. Quietly Asks Banks to Keep Some Ties With Russia, Even As Congress Balks

radio free europe ^ | 11/8/22 | radio free europe

[JonPreston]

The U.S. Treasury and the State Department have tacitly asked major U.S. banks, including JPMorgan and Citigroup, not to refuse to cooperate with "certain strategic Russian companies" to minimize the adverse effects of sanctions. In particular, officials urged banks not to refuse to provide "basic services" (money transfers and conversion into dollars) to companies that are not directly under sanctions, such as Gazprom, Uralkali, and PhosAgro. The Biden administration has repeatedly said it wants banks and businesses to keep the money flowing to nonsanctioned sectors of Russia's economy. But the extent of its conversations with the banks hasn't been previously reported.

[JonPreston]

[ConservativeInPA]

Kabuki theater.

[Worldtraveler once upon a time]

--- "The Biden administration has repeatedly said it wants banks and businesses to keep the money flowing to nonsanctioned sectors of Russia's economy. But the extent of its conversations with the banks hasn't been previously reported."

It is a thing of beauty that the blunt instruments of sanctions, as they boomerang and splatter, are being finessed, with the news showing itself flatfooted in reporting that "them thar" sanctions are "kind of, sort of" sanctions.

Sounds like the old "liberal world order" has some wiggle room in it, here, there and everywhere.

After all, a real set of sanctions might upset the "ten percent for the big guy" deals, not to mention those sad Pelosis, Kerrys and Romneys who are being so inconvenienced. Please, please, please, "keep the money flowing...."

[JonPreston]

Western banks win another war!

[McGruff]

Collusion!

[T.B. Yoits]

Can’t cut off the titanium supplies...

[bert]

The titanium supplies have already been cut off. Distributors of Russian titanium had a run on inventory and it is all gone

Ditto titanium from Ukranian sources

[Navy Patriot]

The Biden administration has repeatedly said it wants banks and businesses to keep the money flowing to nonsanctioned sectors of Russia's economy.

Not surprising.

The Biden Regime, using the cooperative Deep Swamp US Government as a worldwide cudgel, has gone full Socialist Nazi and WILL pick the Economic Winners and Losers everywhere.

They will bend the "Rules" with impunity as necessary to do so.

It's as simple as that.

[T.B. Yoits]

During the height of the Cold War, the U.S. was buying titanium from the Soviet Union through "other sources".

They may state supplies are cut off but no military application in particular is going to go without.

[Worldtraveler once upon a time]

When ex-Navy and ex-Army agree, there is something to be said in that, eh? Best wishes, as the “liberal world order” and its clay feet crack in favor of greater liberty for us all.

[Navy Patriot]

When ex-Navy and ex-Army agree...

Hey, I've always been on your side.

Our common problem is Arrogant, Elitist Politicians bringing up the Rear and micro managing the Front.

[Worldtraveler once upon a time]

--- "Our common problem is Arrogant, Elitist Politicians bringing up the Rear and micro managing the Front."

Amen to that, friend!