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Some personal/professional news: After nearly 4 years covering Congress for
@business, I'm moving to our DC-based national security team to focus (even more) on economic sanctions and diplomacy. I still plan on spending a fair amount of time on the hill though, so keep in touch!Thanks. Twitter will use this info to make your timeline better. UndoUndo -
This is a wrinkle I did not expect: The ratings agencies that would typically declare a default in this situation aren't covering Russia because of an EU ban.pic.twitter.com/QYcwv8lliQ
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Daniel Flatley Retweeted
BREAKING: Netflix falls 35%, becoming the S&P 500's worst performer of 2022 https://trib.al/RfGv2OL pic.twitter.com/8pc8Ywc3qI
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Daniel Flatley Retweeted
Russia is on course for its first external default in a century after its payment of rubles on two dollar bonds was ruled a “potential failure-to-pay event” https://www.bloomberg.com/news/articles/2022-04-20/russia-ruled-in-potential-default-over-ruble-payment-on-bonds … via
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Treasury's latest round of sanctions includes Bitriver AG, the Switzerland-based holding company of cryptocurrency miner Bitriver. It's the first crypto miner that Treasury has ever sanctioned. The department also sanctioned 10 of the company's subsidiaries.
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"You are going to see a secondary sanctions regime," former Treasury official
@JCZarate1 says@NatPress, if Russian activity "continues at the horrific pace and nature" we've seen. Countries buying Russian oil and gas like India risk getting snagged if that happens, he says.Thanks. Twitter will use this info to make your timeline better. UndoUndo -
Daniel Flatley Retweeted
Germany will stop importing Russian oil by the end of this year.
"I therefore say here clearly and unequivocally yes, Germany is also completely phasing out Russian energy imports," said @ABaerbock says.https://www.reuters.com/world/europe/germany-will-end-oil-imports-russia-by-year-end-says-minister-2022-04-20/ …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
Daniel Flatley Retweeted
Russia's Elvira Nabiullina was once a rising star of global central banking. Today, she's sanctioned by both Canada and Australia over the invasion of Ukraine.https://www.bloomberg.com/news/articles/2022-04-19/russian-central-banker-nabiullina-gets-hit-with-first-sanctions?sref=EROITBzT …
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A recession looms and inflation is approaching 20% in Russia but capital controls and revenue from oil and gas sales are keeping the country's economy afloat.https://www.bloomberg.com/news/articles/2022-04-19/russia-learns-to-roll-with-economic-punches-as-shock-wears-off?sref=Wr1DvT7A …
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Daniel Flatley Retweeted
Russia’s payment on two of its foreign bonds in rubles — rather than dollars — “may be considered a default” under definition by Moody’s Investors Servicehttps://trib.al/02p9voZ
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The U.S. Treasury Department has tied the North Korean group Lazarus to the more than $600 million hack of a software tool used by the popular Axie Infinity game via
@MuyaoShen@crypto@technologyhttps://www.bloomberg.com/news/articles/2022-04-14/u-s-links-north-korean-hacker-group-to-record-crypto-heist …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
In an address to the University of Michigan's Ford School of Public Policy,
@SecBlinken says "a sovereign independent Ukraine is going to around a lot longer than Vladimir Putin" but that the U.S. is "prepared for this to go on for some time."Thanks. Twitter will use this info to make your timeline better. UndoUndo -
"It will be a long time, if ever" before the USD is replaced as the world's reserve currency due to the strength of U.S. financial system, Yellen says.
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Yellen says that countries who step in to help Russia are making "shortsighted" decisions. "Let’s be clear, the unified coalition of sanctioning countries will not be indifferent to actions that undermine the sanctions we’ve put in place."
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Yellen says that a particular focus of the IMF and World Bank meetings next week will be on supporting developing countries as they weather the twin shocks of the Ukraine invasion and Covid-19.
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"When Russia made the decision to invade Ukraine, it predestined an exit from the global financial system."
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"The Kremlin will be forced to choose between propping up its economy and funding the continuation of Putin’s brutal war,"
@SecYellen says at Atlantic Council event.Show this threadThanks. Twitter will use this info to make your timeline better. UndoUndo -
U.S. Treasury Secretary Janet Yellen will warn governments that any moves to undermine sanctions on Russia would draw the ire of the U.S. and its allies via
@chrisjcondonhttps://www.bloomberg.com/news/articles/2022-04-13/yellen-to-warn-governments-against-undermining-russia-sanctions?sref=Wr1DvT7A …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
Daniel Flatley Retweeted
TUNE IN: Russia's war in Ukraine has changed energy access globally.
Join the LIVE discussion in #ThePoliticsSpace to talk about the political and security ramifications
@RosMathieson
@ACBerlin
@s_westall
@DanielPFlatley
@jendlouhyhchttps://twitter.com/i/spaces/1DXxyDEzoMYJM …Thanks. Twitter will use this info to make your timeline better. UndoUndo -
"U.S. President Joe Biden 'can’t say that for all nickel coming in from Russia, we’ll dump it in the Boston harbor,' Jay Newman, a former portfolio manager at Elliott Management Corp., said in a phone interview. Sanctions 'are not targeted to people whose products we need.'"
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Vladimir Potanin’s ability to make a major purchase from France’s third-largest bank puts in stark relief the difference between him and other oligarchs of his generation: He’s not sanctioned by the U.S., U.K. or EU via
@BlakeSchmidthttps://www.bloomberg.com/news/articles/2022-04-12/richest-russian-strikes-deal-as-sanctions-snare-other-oligarchs?sref=Wr1DvT7A …Show this threadThanks. Twitter will use this info to make your timeline better. UndoUndo
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