EU and US imposed sanctions against Russia escalated today
This morning the EU announced tougher sanctions targeting entire industries as opposed to individuals and corporations. The document issued takes into account legal positions and best practices in sanctions administration. For some reason, the US toughened it's stance but did not go as far as Europe, whereas before it's stance was far tougher than Europe's. It reportedly omitted several banks from the its list. The banking sector takes the biggest hit and will therefore affect London significantly.
A legal document defines the scope of the sanctions to be imposed and includes templates that must be filled out for individuals and corporations to be included on the list. The full list of sanctions is expected by Wednesday.
Meanwhile, Putin has said the sanctions will fail, and therefore, "our partners will fail", this while he continues to amass his troops on the border, supply arms to the terrorists, and lie through his teeth about it. Lets hope that Putin's buddies, who have gotten used to sailing and skiing in the US and Europe and living it up in the cities of the world, will feel the pinch this time and start putting the pressure on Putin's massive chess game.
Ukrainian troops are meanwhile advancing again, this time in Donetsk and have taken back strategic positions around the crash site, though not completely. Perhaps, just maybe, with the world watching so closely and unless Putin orchestrates yet another disaster to divert attention from Ukraine, Ukrainian troops can secure the crash site and put those poor victims to rest.
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