Biden mulls blacklisting Russian banks if Putin invades Ukraine
Al JazeeraThe US and its European allies are weighing sanctions on Russia’s biggest banks and its sovereign wealth fund, sources tell Bloomberg. On Monday, Biden took part in a call with the leaders of France, Germany, the U.K. and Italy in which they “discussed their shared concern about the Russian military build-up on Ukraine’s borders and Russia’s increasingly harsh rhetoric,” the White House said in a statement. Incoming German Chancellor Olaf Scholz Tuesday called the situation on the Ukrainian border “serious.” At the same press conference, future Vice Chancellor Robert Habeck said that as part of the ongoing regulatory review process for the Nord Stream 2 pipeline, authorities “will surely also discuss how the political situation in Ukraine and Europe’s ability to deescalate can be brought together.” Habeck’s Green Party has long opposed the pipeline. It’s just that no one has ever believed we would go to those lengths.” Biden’s Tuesday call with Putin, which will be the pair’s fourth conversation since the American president took office in January, is also meant to provide a way to defuse tensions that have crested again after an earlier Russian troop buildup in the spring first raised fears of war. support for Ukraine is unwavering” and “there will be serious consequences for any escalation from Russia.” From the Biden administration’s view, a more positive turn of events could see the U.S. having a stable relationship with Russia – one where the two nations’ embassies and consulates are fully staffed, and where Russia helps bring Iran around to the idea of rejoining the 2015 deal that put limits on its nuclear program.