Americans Want Tougher Sanctions (Crimes Against Russia) on Russia Then They Will Face Food Shortages, Rising Gas Prices Followed by Economic Collapse….Effectively Sanctioning Themselves
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Most Americans think Biden hasn’t been ‘tough enough’ on Russia: poll
Most Americans polled do not have faith in Biden to effectively handle a crisis, even in his own party.https://imasdk.googleapis.com/js/core/bridge3.508.0_en.html#goog_1156104073
EnableBy Madeleine Hubbard
Updated: March 24, 2022 – 5:03pm
Just over one-quarter of Americans have confidence that President Joe Biden can effectively handle a crisis, and the majority say he needs to be tougher on Russia over its invasion of Ukraine, according to a Thursday poll Thursday The Associated Press-NORC Center for Public Affairs Research.
President Biden’s approval rating, which the AP-NORC poll places at 43%, has remained underwater since August, during the chaotic U.S. withdrawal from Afghanistan.
Most Americans (56%) say that Biden is not being tough enough in his response to Russia’s invasion of Ukraine, while only 6% say he is being too tough and 36% say his response is “about right,” according to the poll of with 1,082 adults between March 17 and 21, 2022.
When broken down along party lines, however, the responses change dramatically. Sixty-eight percent of Republicans and 64% of independents think that Biden is not tough enough, compared to 43% of Democrats. Only one in five Republicans and one in four independents think that Biden’s response is “about right” compared to the majority of Democrats polled (53%).
Overall, the public is very supportive of the sanctions on Russia so far, as 68% of Americans polled said they approve of the economic sanctions in general and 70% said they approve of Biden’s ban on Russian oil imports.
However, most Americans do not have faith in Biden to effectively handle a crisis, even in his own party.
Twenty-six percent of all Americans believe that he can effectively handle a crisis. Only 2% of Republicans and 13% of independents have confidence in Biden’s ability to deal with a critical situation, compared to 49% of Democrats in the AP-NORC poll. The exact same percent of Americans also believe Biden can “effectively manage the military,” though among Republicans, the number rises slightly to 4%.
Biden’s approval rating may be even lower than the AP-NORC poll showed.
According to FiveThirtyEight, a poll analysis website that averages many different presidential approval surveys, Biden’s approval rating stands at 41.6%.
YOU ARE AT:Home»Blog»How Sanctions on Russia are Affecting the U.S. Economy
How Sanctions on Russia are Affecting the U.S. Economy
0BY ZACH ECKSTEIN ON MARCH 26, 2022BLOG
Background
Russia’s war on Ukraine has shaken the world and upended decades of peace on the European continent.[1] As part of a multilayered response to this attack on Ukraine’s sovereignty, the United States, European Union, and several other governments worldwide have applied severe sanctions targeting Russia’s economy.[2] These wide-ranging sanctions are intended to effectively cut Russia off from the U.S.-led global banking system and economy.[3] Specifically, these sanctions block Russian financial institutions such as Sberbank and VTB Bank from processing payments through the United States, constrain Russia’s access to foreign technology and commodities, and prohibit Americans from conducting business with the vast majority of Russian financial institutions.[4] Furthermore, these unprecedented sanctions ban Americans from dealing in new equity and debt in several of Russia’s biggest companies in the energy, shipping, and financial sectors,[5] effectively stopping Americans from purchasing Russian corporate bonds and investing in Russian stocks.
The biggest and possibly most consequential sanctions imposed, however, are those removing Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the entity which enables banks to securely interact with other banks around the world.[6] This step targets the ten largest Russian banks, collectively holding roughly 80% of all Russian banking assets.[7] By taking Russia out of SWIFT, the United States and its allies are ensuring that Russian banks cannot facilitate payments for imports and exports, and cannot execute any financial transactions that their Russian clients attempt to make with foreigners.[8] Russians have reacted to these dramatic steps accordingly, with widespread bank-runs, creating the biggest upheaval in the Russian economy since Russia defaulted on its foreign debt in 1998.[9]
What This Means for the U.S. Economy
In response to the war and the earth-shaking sanctions that ensued, U.S. markets have been highly volatile.[10]Some of the most startling impacts have been in the energy sector, with oil prices rising above $100 per barrel for the first time since 2014, in the wake of a previous Russian invasion of Ukraine.[11] Because Europe is so reliant on Russian energy, however, the sanctions in this sector have not been as all-encompassing as those targeting financial institutions.[12] Many experts expect a massive ripple-effect, making travel and shipping far more expensive, and exacerbating the strain on the already beleaguered international supply-chain.[13] All this turmoil comes at a time of heightened inflation, making any steps the Federal Reserve may take to mitigate the negative effects of sanctions within the United States particularly precarious.[14]
Beyond market-wide consequences in the U.S. economy, multinational corporations that do business in Russia face difficult decisions and high-stakes regulatory compliance issues.[15] For example, U.S. corporations with employees in Russia will be hard-pressed to pay them due to the SWIFT sanctions, and may be placed in the difficult position of having to institute mass layoffs and asset abandonment.[16] Those companies also may be faced with the unenviable decision of whether to comply with U.S. or Russian law, which may place their managers on the ground in Russia in legal jeopardy.[17] Notably, large European and American corporations such as Ikea and TJX (owner of T.J. Maxx and Marshalls) have abruptly left the Russian Market in part to avoid violating sanctions.[18]
Conclusion
The Russian war in Ukraine began only a few weeks ago, so the economic state of play surrounding sanctions is rapidly evolving. As the United States and its allies continue to punish Russia through economic means, U.S. businesses will need to remain fleet-footed to avoid running into the law. Furthermore, both the Federal government of the United States and business leaders must continue navigating an increasingly difficult landscape to keep the American economy healthy and safe during this tumultuous period.
[1] See Zoya Sheftalovich, Battles Flare Across Ukraine After Putin Declares War, Politico (Feb. 24, 2022), https://www.politico.eu/article/putin-announces-special-military-operation-in-ukraine/.
[2] See Press Release, U.S. Dep’t of the Treasury, U.S. Treasury Announces Unprecedented & Expansive Sanctions Against Russia, Imposing Swift and Severe Economic Costs (Feb. 24, 2022), https://home.treasury.gov/news/press-releases/jy0608.
[3] Id.
[4] Orga Cadet et al., U.S. and Foreign Companies Now Subject to Expansive U.S. License Requirements for Business with Russia, BakerHostetler (Feb. 28, 2022), https://www.jdsupra.com/legalnews/us-and-foreign-companies-now-subject-to-2389655/.
[5] See Michael T. Gershberg & Gregory Bernstein, U.S. Imposes Additional Sanctions and Export Controls on Russia in Response to Russia’s Invasion of Ukraine, Fried Frank Int’l Trade & Inv. Alert (Feb. 28, 2022), https://www.friedfrank.com/siteFiles/Publications/FFITISecondTrancheofRussiaSanctions02282022.pdf.
[6] See Amanda Macias, E.U., U.K., Canada, U.S. Pledge to Remove Selected Russian Banks from Interbank Messaging System SWIFT, CNBC (Feb. 26, 2022), https://www.cnbc.com/2022/02/26/eu-uk-canada-us-pledge-to-remove-selected-russian-banks-from-swift.html.
[7] Id.
[8] See Alessandro Rebucci, SWIFT Sanction on Russia: How it Works and Likely Impacts, Econofact (Mar. 4, 2022), https://econofact.org/swift-sanction-on-russia-how-it-works-and-likely-impacts.
[9] Id.
[10] See Jeff Sommer, Talking War and Market Volatility with a Giant of Economics, N.Y. Times (Mar. 3, 2022), https://www.nytimes.com/2022/03/03/business/ukraine-putin-markets.html.
[11] Ashutosh Pandey, Oil Breaches $100, Gold Soars as Russia Attacks Ukraine, Deutsche Welle (Feb. 24, 2022), https://www.dw.com/en/oil-breaches-100-gold-soars-as-russia-attacks-ukraine/a-60897707.
[12] See Patricia Cohen, Within Days, Russia’s War on Ukraine Squeezes the Global Economy, N.Y. Times (Mar. 1, 2022), https://www.nytimes.com/2022/03/01/business/economy/russia-ukraine-sanctions-economy.html.
[13] Id.
[14] Id.
[15] See Lavanga Wijekoon et al., The Ukraine Conflict & Related Sanctions: What is the Impact on Global Workforces?, Littler (Mar. 1, 2022), https://www.littler.com/publication-press/publication/ukraine-conflict-related-sanctions-what-impact-global-workforces.
[16] Id.
[17] Id.
[18] Sapna Maheshwari, Ikea and the Owner of T.J. Maxx are the Latest Retailers to Halt Russia Operations, N.Y. Times (Mar. 3, 2022), https://www.nytimes.com/live/2022/03/03/business/stocks-economy-inflation-ukraine.
New sanctions against Russia cause oil and gas prices to rise sharply 28 02 2022 by David Fleschen Growing concerns about Russian energy supply disruptions are sending oil and gas prices sharply higher at the start of the new trading week.
New sanctions against Russia cause oil and gas prices to …
www.marketsteel.com/news-details/new-sanctions-against-russia-cause-oil-and-ga…
Comment: Sanctions won’t only Bite Americans in the ass; They will remove whole chunks of their asses leaving only an asshole.
As Russia is hit by sanctions, fertilizer shortages threaten the world’s food supply Western sanctions against Russia, a major exporter of potash, ammonia, urea and other soil nutrients, have disrupted global shipments of these key commodities. Fertilizer is key to keeping corn, soy, rice, and wheat yields high.
As Russia is hit by sanctions, fertilizer shortages …
www.moneycontrol.com/news/world/as-russia-is-hit-by-sanctions-fertilizer-short…
More Crimes From U.S. Criminal Allies:
Author`s name Pravda.Ru 28.03.2022 14:00
Moscow horrified by Russian POWs torture video
Those involved in the torture of Russian prisoners of war in Ukraine must bear full responsibility for their crimes, Kremlin’s official spokesman Dmitry Peskov said, RIA Novosti reports.
The Kremlin saw the footage of torture of captured Russian soldiers. All those facts will be verified and investigated into, he noted.
“The Investigative Committee is looking into this. This is horrendous footage, they need a legal assessment, and those who took part in that need to be called into criminal account,” Peskov said.
The extremely disturbing video allegedly showing Ukrainian military men torturing Russian POWs appeared on the Internet.
The head of the Investigative Committee of the Russian Federation, Alexander Bastrykin, ordered to analyse the video materials.
The video shows POW’s from the Donbas, lying prostrate on the ground [in a parking lot]. They are all shot in the leg(s), some have had their femur shattered by the gunshot and the leg is obviously broken. Others are quite clearly the victim of severe physical beatings. Some have soiled themselves, all are covered in blood — some have very bright blood, indicating arterial bleeding; they look in shock and pain. The camera then shows more POW’s arriving and they are immediately shot in the leg by these inhumane criminals. The first POW’s that is “Interviewed” in the video is asked “who is your Officer”?. The poor fellow can only mumble in response as he has been so badly beaten up, swollen lips, teeth missing, probably broken jaw. The second guy is asked where he is from and he replies “Armenia.”
We can not post the video for ethical reasons.
Ukraine will conduct ‘most serious investigation’ into the video footage allegedly showing Ukrainian military torturing Russian prisoners of war, Aleksei Arestovich, Advisor to the Head of the Office of the President of Ukraine, said.
“What is happening there [on the video] has signs of a war crime, which has neither a statute of limitations nor an amnesty either in Ukrainian or international law. There should be no illusions about this. Torture of prisoners is against the law of military honor and is a war crime. <…> There will be the most serious investigation held,” the official said.
Chairman of the Investigative Committee of Russia Alexander Bastrykin also instructed to conduct investigation into the footage:
“Reportedly, the illegal actions took place at a base of Ukrainian nationalists in the Kharkiv region,” he said.
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