Russian Sanctions 'At the Ready,' Says U.S. Treasury

The transcript discusses potential actions the Biden administration can take against Russia, focusing on sanctions. It highlights the importance of coordination with European allies to ensure significant economic impact. The discussion includes options like cutting Russia out of the SWIFT financial system and emphasizes the need for a unified strategy to respect Ukraine's sovereignty. The impact of coordinated sanctions with European and Asian allies is also explored.

What actions did the Biden administration consider to restrict Russia's access to dollars?

What was the response of the U.S. government when Russian troops began amassing near the Ukrainian border?

How do the current options for sanctions differ from those taken in 2014 during the Crimea invasion?

What is the significance of working closely with European allies in the context of sanctions against Russia?

What economic impacts are expected if Russia violates Ukrainian sovereignty?