[HN Gopher] U.S. Treasury Announces Unprecedented and Expansive ...
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       U.S. Treasury Announces Unprecedented and Expansive Sanctions
       Against Russia
        
       Author : madars
       Score  : 16 points
       Date   : 2022-02-24 21:48 UTC (1 hours ago)
        
 (HTM) web link (home.treasury.gov)
 (TXT) w3m dump (home.treasury.gov)
        
       | tinalumfoil wrote:
       | > Imposing Swift and Severe Economic Costs
       | 
       | It's funny seeing "swift" in so many of these headlines, I think
       | it's a subconscious reference to what people are really thinking
       | about.
       | 
       | Some context, one of the stiffest penalties on the table for
       | Russia is remove them from the SWIFT [0]. As I understand things
       | this is up to western Europe is still being decided.
       | 
       | [0]: https://en.wikipedia.org/wiki/SWIFT
        
         | BrentOzar wrote:
         | I don't think it's subconscious - I think it's an SEO
         | technique. People are checking whether Russia has been removed
         | from SWIFT yet or not, and if your title has that unusual word,
         | bonus points for you.
        
       | megamike wrote:
       | HA this is mostly blustering Russia has gas and oil which we (and
       | ESPECIALLY Europe) want
        
         | mywittyname wrote:
         | One of the benefits of propping up evil regimes in the middle
         | east is that they can step in should one of their competitors
         | attempt cause supply disruptions.
         | 
         | So if you've ever wonder why we let SA get away with <terrible
         | deed>. This right here is the reason.
         | 
         | Politics is a dirty business.
        
         | celticninja wrote:
         | A reliance on a fuel type we are already trying to get rid of,
         | this will hasten that.
        
         | chemeng wrote:
         | By "we" I assume you mean the USA. Which is a net exporter of
         | oil and the largest oil producer as of 2021. It also receives
         | almost no imports from Russia, and will increase exports to EU
         | at current high prices. Russian oil restriction plays to US
         | energy strengths but the US won't move unilaterally without EU
         | support due to their dependence.
        
           | willcipriano wrote:
           | The US is no longer a net exporter:
           | https://www.foxbusiness.com/energy/us-energy-independence-
           | on...
        
             | chemeng wrote:
             | Looks like they were predicting that in the beginning of
             | 2021, though for 1H2021, US was still a net exporter. Don't
             | think they will be for 2022.
             | 
             | https://www.eia.gov/todayinenergy/detail.php?id=49596
        
       | robert_foss wrote:
       | I'm not sure this qualifies as expansive exactly.
        
       | megamike wrote:
       | "I don't know what's gonna happen, but I wanna have my kicks
       | before the whole shithouse goes up in flames" - Jim Morrison
        
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       (page generated 2022-02-24 23:02 UTC)