The United States already holds one of the most powerful financial weapons to wield against Putin if he invades Ukraine — blocking Russia from access to the U.S. dollar.
The financial options being considered to punish President Vladimir Putin if Russia invades Ukraine range from the sweeping to the acutely personal — from cutting Russia off from U.S. dollars and international banking to slapping sanctions on a former Olympic gymnast reported to be Putin’s girlfriend, reports the AP.
Publicly, the United States and European allies have promised to hit Russia financially like never before if Putin does roll his military into Ukraine. Leaders have given few hard details to the public, however, arguing it’s best to keep Putin guessing.
And weeks into the negotiations, it’s far from clear that Americans have succeeded in achieving U.S. and European consensus on what sanctions will be imposed and what would trigger them.
A look at some of the financial actions under consideration:
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