I'm not sure how I feel about this.
Imagine you are a big strong guy and you see a small child being attacked viciously by a bully and you are the only guy that can probably stop him.
DO you just walk by because you don't have some agreement signed with them?
Under apartheid you banned everything of ours, political; or not, even our sportsmen couldn't compete internationally... It still looks like Russia is getting delicate treatment, how about sanctions against those countries that do support them and trade with them?
It's been one day. This is a summary of sanctions put in place as of today and discussion of path forward. Also a link to the administration's press briefing on the subject. They say that the sanctions are the strongest ever on Russia and they aren't done.
The US and NATO say they will not send their forces into Ukraine. It's too late now so, that boat has sailed. I think valid arguments can be made either way. aggressive defense of Ukraine or what we are doing. I do not understand this enemy and have given up trying. I will say that Biden has correctly called what Putin was going to do well ahead of when he did them. This gives me confidence that he knows what he's doing.
Below is a repeat of my summary from the actions described in the press conference today.
An update on sanctions and how Biden's administration is planning to roll out new ones.
Five major Russian banks with holdings in the US are sanctioned. Something like a hundred billions dollars in assets are frozen. (I think)
Kleptocrats around Putin. Their foreign held assets are frozen and further financial transactions with them are banned. This includes assets held by members of their families.
Financing debt and financial transactions with 13 critical Russian enterprises is cut off.
Foreign held assets held by executives of those enterprises will be frozen and further transactions with them are banned
Restrictions on Russian military end users (whatever that means) are implemented to impair Russian military capabilities
Export restrictions of technology are implemented to affect both Russian military capability and development the of Russian technology sector
About half of all high tech exports to Russia will be cut off
Sanctions were carved out to avoid disrupting energy supply from Russia
Personal sanctions against Putin are not on the current list.
Other sanctions are ready to be implemented.
These actions depend on Putin's actions going forward and the economist who gave the update explained what they were.