In response to the brutal, unprovoked, and illegal invasion of Ukraine, the U.S., the U.K., and countries in the European Union have effectively cut Russia out of the global financial system.
Germany suspended construction of the Nord Stream 2 natural gas pipeline and is talking about beefing up its military. Italy and France are seizing yachts and other assets of Russian citizens on the grounds that they are kleptocrats profiting from an outlaw regime. U.S. Congress is contemplating a bill that would let the government grab Russian assets in America above $5 million and use the proceeds to aid Ukraine.
