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When oligarchs realise they can no longer go to Nice or Monaco or Amalfi coast or whatever, they'll deal with Putin themselves.
It is an inconvenience but they will just go to Macau, Dubai and anywhere else East. Russia isn't like North Korea, it has a huge amount of natural resources and has a natural resource hungry neighbour, he has made the calculation he can pivot East to survive. Which kind of flies in the face of his rhetoric that losing Ukraine is what made Russia lose it's place in Europe and why he wants it back.
An example being he has probably lost Nordstream 2 but will offset some of that loss with the proposed Power of Siberia 2 pipeline. That pipeline would allow them to redirect their western oil fields that feed Europe to China.
greentricky-
It is an inconvenience but they will just go to Macau, Dubai and anywhere else East.
It's not the same.
It's almost too late now, but you could have a meaningful and very powerful asset freeze, followed by a thorough evidencing of source of funds.
If that had been done swiftly in a unified manner it would be be exceptionally painful.
The US effectively unwound Switzerlands long history of banking secrecy overnight through strong arm tactics.
We had the same opportunity in relation to vast swathes of Russia wealth. Our government has just chosen not to.
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It is an inconvenience but they will just go to Macau, Dubai and anywhere else East.
None of these countries look as nice as Europe on instagram. Plus some russian tourists are annoying as fuck.
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.edit. Ignore me. Not the thread for glibness
hugo7
dau
Howard
Russia must be fully cut off from the west and join North Korea club. Full on embargo. No visas, no commercial flights, no connections to any finances in the civilised world. When oligarchs realise they can no longer go to Nice or Monaco or Amalfi coast or whatever, they'll deal with Putin themselves.
All these talks from the west reminds me of a school teacher who's just "concerned" about the bully, and the bully smiles at you because you're the next in line to get your ass kicked.