While the White House has continually threatened further sanctions against Russia for non-de-escalation (even as it un-de-escalates itself), the specifics of the additional sanctions have been sparse. German CEO warnings over blowback from economic sanctions… the “nonsense” of replacing Russian gas with US gas… the Russian warnings of “interdependence” and “boomerangs”… all reduce the West’s arsenal of financial sanctions. But, as The Times of London reports, perhaps the US has found a crucial pain point for Putin – a sanctions regime that would target Putin’s personal wealth, which includes a reported $40 billion stashed in Swiss bank accounts.
The White House on Friday refused to comment on reports that Russian President Vladimir Putin’s personal wealth could be targeted if the West were to move ahead with additional sanctions over Ukraine.
“I’m not going to get into foreshadowing particular individuals or entities that the United States may target,” national security adviser Susan Rice told reporters at the White House. “But let me just say we’ve been clear that there are additional individuals, officials, close associates of senior leadership, oligarchs and those entities that they are associated with that remain very much potential targets of additional sanctions.”
Full article: This Means War: US To Target Putin’s Personal $40 Billion Stash (Zero Hedge)