Is it PotG?
Thrifty non-licker
When they tried this with Iran wasn't it felt that it only targetted smaller fish and not the big boys?
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[Politics] Russia invades Ukraine (24/02/2022)
- Thread starter vegster
- Start date
When they tried this with Iran wasn't it felt that it only targetted smaller fish and not the big boys?
nicko31
Well-known member
Agree, and sanctions will have little impact
Need a property overseas property register or are we going to just carry on being a dark money haven?
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,826
has he changed mind since yesturday or is that based on old info? fact is there's currently no international agreement on further sanctions.
TomandJerry
Well-known member
- Oct 1, 2013
- 12,323
BREAKING: Russia’s forces have entered the Obolon district in Kyiv, where the Ukrainian military is currently fighting them. Ukraine’s Defense Ministry ask residents not to leave their house and prepare Molotov cocktails. The district is approximately 10 km from central Kyiv.
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portslade seagull
Well-known member
Biden turned that option down as did some in the EU but let's blame the UK Gov
Neville's Breakfast
Well-known member
It’s a Belgian company so under EU jurisdiction. We can do a lot more on Russian assets in the UK but I’m not sure we can do much about Swift.
Bold Seagull
strong and stable with me, or...
I've not seen a single post blaming the UK Gov for SWIFT not being within the sanctions.
Bold Seagull
strong and stable with me, or...
There must be some really tricky legal obstacles to get over before you can start seizing private assets. It sounds great that we should be just freezing bank accounts, taking property, but as we are under a rule of law, I wonder what the actual burden of proof is that an individual has enough connections to the regime to justify this process? I don't know, it just sounds to me that it's an impressive thing to say, but in practice I have no idea how easy it would be through the courts to actually do it.
KZNSeagull
Well-known member
SKS on BBC Breakfast - wants SWIFT now and Russian money removed from UK Economy just as he said yesterday in parliament. Couldn't answer what the implications on the UK economy would be though. No wonder people turn to Twitter and the like for answers when neither the government or opposition can back up their arguments with facts.
Yep……it’ll only happen if there’s very strong international agreement.
martin tyler
Well-known member
- Jan 25, 2013
- 5,935
Swift is one where unless everyone agrees to do it, it would be pointless. If they were banned from using it they would lose roughy 5-6% of there GDP which is a heavy hit but only if everyone does it. It’s a Belgium company but it’s more about refusing to deal with them on the system worldwide. Issue is for Europe especially Germany and a few others it’s used to buy gas and oil and would affect them just as much. Biden, even Boris were for it but 3/4 European nations are not and it has less impact if some refuse.
Sad world to a point we live in that countries are looking at economies over peoples lives but that is reality when it comes to the swift system.
Putin knows this and he knows how reliant Europe has made itself for his gas and oil. All these sanctions work to a point but we are countering it by buying more gas and oil than ever incase it all goes tits up.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 35,826
people seem to have bought in to a myth that Russia can only operate with help from Russians setting up business abroad. keep hearing how shell companies funnel money to the Kremlin. this ignores Russia is a large nation in control of its own resources, government and military. Putin doesnt need a ex-KGB man in London to get him a new Rolex, he orders one from Rolex website and DHL will deliver. there are banks and public companies across world funding and trading with the Russian banks and companies, all known, documented and legally OK. its outright weird that people obsess about overseas companies and properties of Russians, as if we cant believe or accept they became wealthy.
Neville's Breakfast
Well-known member
I’m not sure there is any burden of proof required for Governments. I used to work in the City and had regular training in AML and received lists of banned individuals and jurisdictions. The consequences of breaking these rules were made very clear. I don’t recall legal challenges to any of these rules. Perhaps any AML experts on here can correct me.
Change at Barnham
Well-known member
ManOfSussex
We wunt be druv
General David Petraeus on Newsnight was of a similar opinion last night.
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Sir Keir Starmer
If it's the right thing to do there is an argument to say that we shouldn't worry too much about what it does to the economy. I'm sure the energy companies have lost a fair amount of money during the current blackouts in Ukranian cities, doesn't mean it's not the right thing to do.
schmunk
Centrist Dad
Kier Starmer
- May 8, 2018
- 10,196
You’d be surprised that there really isn’t a threshold, most financial sanctions are drafted at an national interest level and are therefore very easy to legislate quickly.
Any person, entity, bank account or country can be subject to sanctions without charges being laid.
Baker lite
Banned
Sir Kneel Starmer.