U.S. Details Costs of a Russian Invasion of Ukraine

4 comments
  1. The New York Times article has been ‘shared,’ so there’s no paywall.

    Notable points:

    *The plans the United States has discussed with allies in recent days include cutting off Russia’s largest financial institutions from global transactions, imposing an embargo on American-made or American-designed technology needed for defense-related and consumer industries, and arming insurgents in Ukraine who would conduct what would amount to a guerrilla war against a Russian military occupation, if it comes to that.*

    *Rather than start with moves against small banks and on-the-ground military commanders, officials said, the new sanctions would be directed at cutting off the largest Russian financial institutions that depend on global financial transfers. The plan was described by one official as a “high-impact, quick-action response that we did not pursue in 2014.”*

    “*The officials declined to say whether the United States was prepared to cut Russia off from the SWIFT system, which executes global financial transactions between more than 1,100 banks in 200 countries. But European officials say they have discussed that possibility — something most major European powers had declined to consider until recently, for fear that Russia might retaliate by attempting to cut off gas and oil flows in the winter, even briefly.*

    *”Intelligence officials said recently that they thought the least likely possibility was a full-scale invasion in which the Russians try to take the capital, Kyiv. Many of the assessments, however, have explored more incremental moves by Mr. Putin, which could include seizing a bit more land in the Donbas region, where war has ground into a stalemate, or a land bridge to Crimea.”*

  2. >1 – cutting off Russia’s largest financial institutions from global transactions
    >
    >2 – imposing an embargo on American-made or American-designed technology needed for defense-related
    >
    >3 – imposing an embargo on American-made or American-designed technology needed for consumer industries
    >
    >4 – arming insurgents in Ukraine who would conduct what would amount to a guerrilla war against a Russian military occupation

    Does 3 mean Russians can say goodbye to Tesla cars, Google, Google Maps, Reddit and iPhones?

  3. I wonder what sort of deal the SWIFT cut-off would be. Russia’s economy has unplugged a little more from the West than was expected at the start of sanctions a decade a go, I reckon. Might this move risk accelerating a shift to a multipolar world economy? The world should not tolerate such blades held over our heads anyway. Get in line with our policy or be cut off unilaterally from the globalised (US-led) economy? Russia should take its ball and go home, get in with both feet on projects facing Eastward and never look back.

    The EU and the US should have agreed to working together with Russia in Ukraine, as Russia suggested in 2014. But these guys want all the cake, they’re not gonna divide the cake for nobody.

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