Article

2022-02-27 Economy

Biden and EU use 'financial nuclear option' and REMOVES Russian banks from SWIFT network: Task force will target oligarchs and their 'yachts, luxury apartments and ability to send their kids to fancy colleges in the West'

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Posted by Skidmark 2022-02-27 00:50|| || Front Page|| [8 views ] Top

#1 Biden desperately trying to be remembered for something worse than Afghanistan.

Posted by Cthulhu of Ryleh 2022-02-27 04:54|| 2022-02-27 04:54|| Front Page Top

#2 Some banks. Not All. More "tickle them to death" thinking.

Posted by Mercutio 2022-02-27 05:15|| 2022-02-27 05:15|| Front Page Top

#3 NOTE:
Some Gray hat world rumblings say USSR Cyber types planning attacks on Top US/EU banks, Industries,
and stock markets. Once certain names/groups shift their $$$$/assets around.

Posted by NN2N1 2022-02-27 07:52|| 2022-02-27 07:52|| Front Page Top

#4 S&P cuts Russia's rating to junk, Moody's issues junk warning
S&P lowered Russia's long-term foreign currency credit rating to 'BB+' from 'BBB-', and warned it could lower ratings further

Posted by Frank G 2022-02-27 09:46|| 2022-02-27 09:46|| Front Page Top

#5 Russia’s richest lost billions in Ukraine invasion
Russian billionaires lost a combined $39 billion in on-paper net worth after the country’s stock market cratered in response to the invasion. Moscow’s benchmark MOEX Russia Index closed 33% lower on Thursday — marking one of the worst single-day market crashes in the country’s history.

Vagit Alekperov, the billionaire oligarch and chairman of Russian energy giant Lukoil, was hit hardest. He lost nearly a third of his on-paper fortune when his net worth declined more than $6 billion during Russia’s economic turmoil, according to the Bloomberg Billionaires Index.

Vladimir Potanin, Russia’s richest individual and a close associate of Putin, lost an estimated $3 billion during the rout. Alexey Mordashov, chairman of the Russian steel firm Severstal, lost more than $4 billion.

Gennady Timchenko, who was targeted with individual sanctions during recent US and European economic actions against Russia, lost $3.7 billion.

Posted by Frank G 2022-02-27 09:59|| 2022-02-27 09:59|| Front Page Top

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