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So basically they are giving time to those that should be affected to move their funds and later when sanctions are increased it will only cause collateral dama

So basically they are giving time to those that should be affected to move their funds and later when sanctions are increased it will only cause collateral damage.

onlyrealcuzzo 5y ago
Oligarchs don't have a ton of cash - the VAST majority of their assets are either in the Russian companies they own majority stakes in (which are down 50-90%) or overseas (which have been frozen and are actively being seized). It's pretty hard to take all $80Bn from a foreigner. Especially without destroying a lot of value for other people.
- drcongo 5y ago
  > or overseas (which have been frozen and are actively being seized) Except in the UK, where they fund the tory party so there's very little being done.
  - mminer237 5y ago
    ??? Boris Johnson has been the most outspoken voice outside Ukraine for increasing sanctions against Russia. He's already announced freezing assets of all Russian banks and 100 other people or corporations,[1] and he led the charge of getting Russia cut off from SWIFT.[2] Germany and Italy were the ones opposing it since they are dependent on Russia for energy. [1]: https://www.bbc.com/news/uk-60515626 https://www.bbc.com/news/uk-60515626 [2]: https://12ft.io/proxy?q=https%3A%2F%2Fwww.ft.com%2Fcontent%2F69f72de5-d727-496d-9f9d-316db7bdaf03 https://12ft.io/proxy?q=https%3A%2F%2Fwww.ft.com%2Fcontent%2...
    - drcongo 5y ago
      What Boris Johnson says and what Boris Johnson does are two entirely different things. https://www.opendemocracy.net/en/dark-money-investigations/uk-top-destination-for-russians-to-hide-dirty-money-in-property/ https://www.opendemocracy.net/en/dark-money-investigations/u...
      - onlyrealcuzzo 5y ago
        This was before any of the recent actions. I'm a pretty big BoJo hater. But Londongrad existed long before BoJo - don't blame it on him. So far BoJo has been leading the US and the EU in pretty much every form of support.
        drcongo 5y ago
        It absolutely did, but that's not the point I'm making. I'm pointing out that the oligarchs who fund the tory party don't appear to be under any sanctions at all. From this piece [0] "On Tuesday 22 February, the UK authorities sanctioned three oligarchs and five Russian banks" - all three oligarchs were already heavily sanctioned by the US and basically unable to operate in UK financial markets anyway. He's sanctioning the ones who aren't funding everything he does, anyone giving him money is still absolutely free to do as they please. Just because that man says he's doing more than anyone else, doesn't mean he is. In fact, it's generally safer to assume truth is the opposite of what he claims publicly. [0] https://www.opendemocracy.net/en/odr/uk-russia-sanctions-ukraine-not-enough-boris-johnson/ https://www.opendemocracy.net/en/odr/uk-russia-sanctions-ukr...

So basically they are giving time to those that should be affected to move their funds and later when sanctions are increased it will only cause collateral damage.

onlyrealcuzzo 5y ago

Oligarchs don't have a ton of cash - the VAST majority of their assets are either in the Russian companies they own majority stakes in (which are down 50-90%) or overseas (which have been frozen and are actively being seized). It's pretty hard to take all $80Bn from a foreigner. Especially without destroying a lot of value for other people.

drcongo 5y ago
> or overseas (which have been frozen and are actively being seized) Except in the UK, where they fund the tory party so there's very little being done.
- mminer237 5y ago
  ??? Boris Johnson has been the most outspoken voice outside Ukraine for increasing sanctions against Russia. He's already announced freezing assets of all Russian banks and 100 other people or corporations,[1] and he led the charge of getting Russia cut off from SWIFT.[2] Germany and Italy were the ones opposing it since they are dependent on Russia for energy. [1]: https://www.bbc.com/news/uk-60515626 https://www.bbc.com/news/uk-60515626 [2]: https://12ft.io/proxy?q=https%3A%2F%2Fwww.ft.com%2Fcontent%2F69f72de5-d727-496d-9f9d-316db7bdaf03 https://12ft.io/proxy?q=https%3A%2F%2Fwww.ft.com%2Fcontent%2...
  - drcongo 5y ago
    What Boris Johnson says and what Boris Johnson does are two entirely different things. https://www.opendemocracy.net/en/dark-money-investigations/uk-top-destination-for-russians-to-hide-dirty-money-in-property/ https://www.opendemocracy.net/en/dark-money-investigations/u...
    - onlyrealcuzzo 5y ago
      This was before any of the recent actions. I'm a pretty big BoJo hater. But Londongrad existed long before BoJo - don't blame it on him. So far BoJo has been leading the US and the EU in pretty much every form of support.
      - drcongo 5y ago
        It absolutely did, but that's not the point I'm making. I'm pointing out that the oligarchs who fund the tory party don't appear to be under any sanctions at all. From this piece [0] "On Tuesday 22 February, the UK authorities sanctioned three oligarchs and five Russian banks" - all three oligarchs were already heavily sanctioned by the US and basically unable to operate in UK financial markets anyway. He's sanctioning the ones who aren't funding everything he does, anyone giving him money is still absolutely free to do as they please. Just because that man says he's doing more than anyone else, doesn't mean he is. In fact, it's generally safer to assume truth is the opposite of what he claims publicly. [0] https://www.opendemocracy.net/en/odr/uk-russia-sanctions-ukraine-not-enough-boris-johnson/ https://www.opendemocracy.net/en/odr/uk-russia-sanctions-ukr...