Biden Anticipates 'Long Discussion' With Putin Over Ukraine Invasion Threat
Published Date: 12/7/2021
Source: Bloomberg Quicktake: Now
The U.S. and European allies are weighing sanctions targeting Russia’s biggest banks and the country’s ability to convert rubles for dollars and other foreign currencies should President Vladimir Putin invade Ukraine, according to people familiar with the matter. The sanctions -- including against some of Russia’s largest banks and the Russian Direct Investment Fund -- are among the options that President Joe Biden may spell out when he speaks with Putin on Tuesday, according to the people. The U.S. could also restrict the ability of investors to buy Russian debt on the secondary market, they said. The options were described by two people familiar with the matter who asked not to be identified discussing private deliberations. The most drastic option would be to bar Russia’s access to the Swift financial payments system, but that would wreak havoc on ordinary citizens so officials are more inclined to go after Russia’s ability to convert rubles into dollars, euros or British pounds, the people said. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake