What Is the U.S. Going To Do?
On February 24th, President Joe Biden stated that he plans to call “severe actions” against Russia, in order to discourage Moscow to continue its violent actions against Ukraine.
Moreover, the president wants to request the Treasury Department to add at least one of Russia’s largest state-owned banks on the agency’s list for the most severe sanctions, which is known as the S.D.N. list. This means that many of Russia’s business operations will be affected regarding exchanges and commerce.
In addition to that, the Treasury Department has other ways of restricting the country conducted by Vladimir Putin, including adding a bank on the list that might keep it away from doing any transactions that might involve US dollars. There are a lot of international commercial transactions that are done in USD, due to the fact that it is a currency that establishes the global economy.
According to some sources, since the late afternoon of February 24th, Russia’s stock market is approximately 40% down. Besides banks, business people and Russian officials will also be on the sanction list.
Whose side would you choose?
2 thoughts on “Russia-Ukraine Conflict: How Will The World Be Affected?”
I think the only way to stop this is if NATO puts in the no fly zone. I don’t think Puttin will want to fight the 30 countries involved with Nato. He is bombing school, hospitals and civilians he has to be stopped. These are war crimes and nothing good is coming from it. All countries should know there is someone to stop others from committing war crimes. Ukraine tried to join NATO and not sure if the process is in place. NATO needs to step up and say enough with the bombing of innocent people and children. No one should be able to invade and destroy another s country because of greed etc.
Like the U.S. did during WWII, issue ration certificates for all essential commodities’ (gas, oil, food essentials) so there will be no hoarding lines, people fighting, black marketing of goods and no special privilege’s for the elite. Rationing was done then and it can be done now if the situation demands it. This will make the populous more aware of their capabilities to function in a time of crisis, in a restricted society. Working together, the U.S. will come out ahead and in the end the world benefits, PEACE.