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  • U.S. Treasury Sanctions Russia’s Defense-Industrial Base, the Russian Duma and Its Members, and Sberbank CEO

    From home.treasury.gov

    Today, in its latest action to impose severe costs on the Russian Federation for its illegal, unwarranted, and baseless war against Ukraine, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is designating key enablers of the invasion. This includes dozens of Russian defense companies, 328 members of the Russian State Duma, and the head of Russia’s largest financial institution. This action aligns with similar actions taken by the European Union, the United Kingdom, and Canada, and reflects continued unity to hold Putin accountable for his war of choice. OFAC is designating multiple ... (full story)

Nobody imposed sanctions on the West when they invaded Iraq on the pretext of WMD's but the West now finds an opportunity to attack the economy of Russia and China. Hypocrites.
Hypocrisy?

The hypocrisy lies in trying to draw ANY unsustainable comparison of Putins unilateral invasion of Ukraine 2022, and the action of the coalition of 31 countries that participated in the US-led overthrow of genocidal dictator Sadam Hussein in 2002.
(Afghanistan, Albania, Australia, Azerbaijan, Bulgaria, Colombia, the Czech Republic, Denmark, El Salvador, Eritrea, Estonia, Ethiopia, Georgia, Hungary, Iceland, Italy, Japan, South Korea, Latvia, Lithuania, Macedonia, the Netherlands, Nicaragua, the Philippines, Poland, Romania, Slovakia, Spain, Turkey, the United Kingdom and Uzbekistan)
Said action being in support of United Nations Security Council Resolution 1441 (UNSCR 1441), adopted on Nov. 8, 2002 by a vote of 15-0, which stated in part:
"Recognizing the threat Iraq's noncompliance with Council resolutions and proliferation of weapons of mass destruction and long-range missiles poses to international peace and security. Recalling that its resolution 678 (1990) authorizing Member States to use all necessary means to uphold and implement its resolution 660 (1990) of 2 August 1990 and all relevant resolutions subsequent to Resolution 660 (1990) and to restore international peace and security in the area..."

While the legality of the Iraq invasion has been academically disputed and still is, NO UN Resolution either Security Council OR General Assembly, has ever been passed disputing its legality.
In fact the opposite.. in 2003 the Security Council passed resolution 1483 (14-0)
- Recognizing the US and the UK as occupying powers under international law, with legitimate authority in Iraq

.NOTE: UN Security Council Membership: 2002-2003 non-permanent members of the Council in 2002 are Bulgaria (2003), Cameroon (2003), Colombia (2002), Guinea (2003), Ireland (2002), Mauritius (2002), Mexico (2003), Norway (2002), Singapore (2002) and Syria (2003).
Above..Somewhat in contrast to United Nations General Assembly Resolution ES-11/1
- condemning Putins invasion and aggression against Ukraine and demanding that Russia stop its offensive and immediately withdraw all troops.
By an Overwhelming Majority.
(141 voted for; 5 voted against; 35 abstained; 12 absent)
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    US private sector expansion accelerates as demand strengthens and supply issues soften

    From markiteconomics.com|Mar 24, 2022

    Latest 'flash' PMI- data from S&P Global signalled an uptick in output growth across the US private sector in March, as the pace of expansion quickened to an eight- month high. ...

    Evans: What’s Up with the Economy and Monetary Policy?

    From chicagofed.org|Mar 24, 2022

    Thank you, Sandy,1 for the excellent presentation on economic developments in the region and for the invitation to speak to the Detroit Regional Chamber this morning. The Chicago Fed has been very fortunate to have you on our Detroit Branch board of directors since 2017. I’ve been very grateful for your many contributions, among which of course are your keen insights on the Detroit and Michigan economies. These and other information we pick up from business and community leaders—many at events such as this one—are very important inputs into my thinking on monetary policy. Before I begin my formal remarks, I want to acknowledge the substantial hardships the Ukrainian people are enduring as a result of Russia’s invasion. This is just an awful event. May the people of Ukraine and all who are affected by this crisis remain strong and as safe as possible. And I should note, too, that the views I share with you today are my own and do not necessarily represent those of my colleagues on the Federal Open Market Com tweet at 9:54am: #Fed's Evans: Own View Of Appropriate Rate Path Is In Line With Median Fed View: -Monetary Policy Must Shift To 'Timely' Removal Of Accommodation -Higher Inflation Would Become Embedded In Expectations If Policy Doesn't Respond 1/2 tweet at 9:54am: 2/2 -US Economy Has Solid Momentum, Labour Market Is 'Downright Tight' By Some Measures -Ukraine Crisis, Pandemic Both Pose Upside Risk To Inflation, Downside Risk To Growth -Fed Must Be Cautious, Humble, Nimble; Policy Not On Pre-set Course $USD tweet at 10:06am: FED'S EVANS: MY OWN VIEW IS THAT GIVEN PRESSURES I SEE I WOULD BE COMFORTABLE WITH 25 BPS RATE HIKES || BY NEXT MARCH RATES WOULD BE AT NEUTRAL, AT THAT PACE tweet at 10:07am: EVANS: MAYBE A 50 BPS HIKE HELPS, I'M OPEN MINDED

    Inside 'Putin's yacht': Lavish interiors of £500million luxury vessel docked in Tuscany

    From dailymail.co.uk|Mar 24, 2022|9 comments

    The lavish interiors of a £500 million superyacht suspected of belonging to despot Vladimir Putin have been revealed. The luxury 460ft vessel is currently docked and undergoing ...

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  • Posted: Mar 24, 2022 9:22am
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    Category: Low Impact Breaking News
    Comments: 3  /  Views: 1,122
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