Discussion on Economic Sanctions and War

Let's see. Uh, you, you in the front.

You described this as an economic D-Day, but D-Day wasn't a threat of an

invasion, and the US didn't give a timeline to

Germany.

So why not impose the sanctions today?

Well, we, we are giving everyone the opportunity,

the,

uh, to remedy bad behavior. Why would I want to blow up the

global financial system? We believe that it is important to level

set and give people a cure period, but they should know

that that will move very quickly and that we are serious.

Secondary sanctions are a very powerful tool, and

we here at Treasury, uh, this is June Lange, the acting undersecretary

for terrorism finance. And in the Terrorism Finance

Department and at OFAC, the reason we are able to use

secondary sanctions is because we do not take their use

lightly.

So we believe that a warning shot and a level

set of expectations is appropriate, and if people

do not want to meet our expectations, then we expect,

and they should expect, that they should-- will leave the dollar system.

Okay. Thank you all.

Why not take these actions six months ago before the war started ?

Is this an acknowledgement that the war can't be won

militarily? Is this an acknowledgement

that the war can't be won

militarily?