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Bloomberg:Putin's financial situation grows increasingly dire.
His gold reserves are running low. He's cut off from SWIFT. He's increasingly at the mercy of China's Yuan & cryptocurrency manipulations. He's required to bank through Iran, a lethal combination of corruption & Islamic ideological purity.
Republicans used to believe in the harsher aspects of Darwinian "moral hazard" and adore it when the vulnerable crash & burn financially.
@Npars01 I hope Trump isn’t giving him added strength though
Trump's Republicans on Wall Street kept control of Iran's frozen assets for 40 years.
https://en.m.wikipedia.org/wiki/Iranian_frozen_assets
Wall Street should be leaping at an opportunity to do the same to Russia.
Europe is using the interest off Putin's frozen assets to help Ukraine.
https://www.theguardian.com/business/2025/mar/06/europes-powerful-tool-against-russia-seizing-its-frozen-assets
The GOP is terrified that US financial institutions may do the same.
A defense of Ukraine could be funded with frozen assets & end GOP talking points about taxation.