Friday, February 25, 2022

Saying What Needs To Be Said Right Now . . .

From an outstanding editorial in today's Wall Street Journal

President Biden has promised the toughest sanctions ever, and they had better be. Not targeting Russia’s access to the Swift financial clearing system is a blunder, but Russian banks and companies should find it impossible to do business in financial markets. Export controls, particularly of high-tech components, are necessary. Nord Stream 2 should be killed with no chance of revival.

The new sanctions should also target Mr. Putin and his Kremlin mafia personally. This means finally disclosing to the world—and to the Russian people—the wealth of Kremlin officials and oligarchs. The U.K. has a special obligation here given Russian assets in London. These assets can be showcased and seized.

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