Re <<Ottawa insurrection>>
I do not know but vaguely aware that the government did something to the financial pipework / banking of the insurrection folks and folkettes. The buzz amongst the gold bugs is that fiat money is now proven to be not-money.
I do not know that fiat-money is not money, but am well aware that fiat-money is not gold.
The (all) depositors of Russian banks is now aware that banks are casualties, and deposited money just so many markers.
I think if what ‘they’ say about state-sponsored cyber attack force is true, and it ought to be so, then we are closer to a cyber event that zeros out ordinary people’s bank accounts. Should no such cyber attack materialize, then perhaps cyber attacks are not effective against banks for whatever reasons. Let’s see.
bloomberg.com
U.K. Freezes Sberbank Assets in Fresh Round of Russia Sanctions
British government bans all new outward investment to Russia Asset freezes apply to Sberbank, Credit Bank of Moscow
Joe MayesApril 6, 2022, 11:44 PM GMT+8
The U.K. banned all new outward investment in Russia and froze the assets of the country’s biggest bank as Prime Minister Boris Johnson sought to tighten the squeeze on Vladimir Putin’s regime in the wake of the invasion of Ukraine.
Britain slapped a full asset freeze on Sberbank of Russia PJSC in a move co-ordinated with the U.S., and also froze the assets of Credit Bank of Moscow, the Foreign, Commonwealth & Development Office said in a statement Wednesday. The U.K. will also end all imports of Russian coal and oil by the end of 2022 and sanction another eight wealthy Russians, it said.
The U.K. and western allies are stepping up measures against Russia following allegations this week of atrocities in Ukraine by Russian forces. It’s Britain’s fifth package of sanctions since the Russian invasion of Ukraine in February.
“We are showing the Russian elite that they cannot wash their hands of the atrocities committed on Putin’s orders,” Foreign Secretary Liz Truss said in the statement. “We will not rest until Ukraine prevails.”
The latest sanctions package also includes a ban on imports of Russian iron and steel products and restrictions on Russia’s ability to buy quantum and advanced material technologies from the U.K.
Russian tycoons targeted in the new sanctions round include:
PhosAgro founder Andrey GuryevNovatek Chief Executive Officer Leonid MikhelsonGazprombank CEO Andrei AkimovGazprom Neft CEO Alexander DyukovBoris Rotenberg, son of the co-owner of Russia’s largest gas pipeline producer, SGM GroupRead More: Tracking the Sanctions Imposed on Russia Over Ukraine Invasion
(Updates with extra details from fifth paragraph.)
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