ADAM TOOZE

RT @phildstewart: (Reuters) – Germany will make good on plans to build two liquefied natural gas (LNG) terminals and up its natural gas res…

RT @nzekiev: Watch how they are threatening to shoot us! We are currently at the Ukraine -Poland border. Their Police and Army refused to…

@elinaribakova And the key issue @SalehaMohsin and @elinaribakova surely is energy. We cant talk about Iran-style sanctions until we talk about targeted action on energy.

RT @rafsanchez: My hotel in Moscow asked me to settle the bill early because they aren’t sure if credit cards are going to work once

RT @HenryJFoy: @Andrew__Roth I would guess because they need to hold reserves to cover each day’s expected trade and don’t want to hold too…

So despite the dramatic escalation, SWIFT, central bank etc, ENERGY is NOT included in the latest round of joint EU-US sanctions. Payments will continue to

RT @PaulSonne: There is so much focus on blocking Russia from SWIFT. The vow today to block the Russian central bank from its reserves is

RT @edwardfishman: (5) Overall, this is a strong statement. It signals unified intent to impose comprehensive sanctions on Russia. Details…

RT @edwardfishman: What will I be watching for? The names of the "selected" banks. If the banks include the big fish—Sberbank, VTB, and Gaz…

@t0nyyates NO. Why assume any such thing? These moves seem forced and very dangerous.

RT @DonaldHTaylor: @adam_tooze Agreed: twitter.com/DonaldHTaylor/…

RT @ralph_squillace: @adam_tooze Outside of wmd escalations, what CAN they do?

We are in truly dangerous spiral: Brave Ukrainian resistance frustrates Russian attack -> Kiev refuses humiliating negotiations. Russia about to ramp up destructiveness of attack

So we are now in spectacularly dangerous territory: Brave Ukrainian resistance frustrates Russian initial attack -> Kiev refuses humiliating negotiations. Russia about to ramp up

Fantastic thread this on the adaptation of Iranian economy to dramatic sanctions regime. Much appreciated @yarbatman twitter.com/yarbatman/stat…

@GioFaggionato Source?

Still nothing in the US statement specifically on energy. The financial net is comprehensive here, as mapped in Chartbook #87. adamtooze.substack.com/p/chartbook-87… BUT are they still

OK this is true escalation. Both EU and US cutting key banks out of SWIFT, blocking Russian central bank reserves within reach and targeting oligarchs.

RT @suzannelynch1: White House also makes statement – says “selected” Russian banks removed from the #SWIFT system. Details here: https://t…

EU seems determined to stop use of Russian central bank assets for sanctions-busting. This is a next level move by EU. The more extreme scenario

As @Tagliapietra_S spells out: SWIFT by itself does not end energy payments. Nor do central bank sanctions. Though both may provoke Russians into cutting off

Wow … it seems EU IS really ramping up. Russian Central bank assets ARE in play. For possible ramifications check out Chartbook #87 adamtooze.substack.com/p/chartbook-87… twitter.com/KiraTaylor15/s…

RT @kopalo: After the African statements at UNSC, the shameful mistreatment of Africans fleeing Ukraine at EU borders is a slap in the face…

@jsuedekum @bundesbank That press conference is going to be big.

@jsuedekum Thanks Jens. We are all learning fast, aren’t we. Absolutely horrifying!

RT @henryfarrell: This is a tiny and purely personal point, but it is very strange to move from a world of what's-that?/¯_(ツ)_/¯ about SW…

RT @JavierBlas: @TonyFratto Full banking sanctions (without general licenses), secondary sanctions, plus sectorial sanctions to oil and gas…

Sanctions on Russia’s central bank would be a huge escalatory step in the sanctions war. @Griboyedov1 is doing great sleuthing here. Should have references in

@MonaAli_NY_US I entirely agree … yesterday I thought I knew where we were. Today I feel that may be an illusion.

@shah8comment I think you may be right. Is this going to be another moment for common EU fiscal mechanisms to kick in: energy for Germany/italy/trade

Coming out of world of macrofinance and constrained geopolitical contest, it is natural to see big fx reserves as a useful financial cushion, for Russia

RT @henryfarrell: adamtooze.substack.com/p/chartbook-87… Very helpful summary from @adam_tooze . This by @esaravalle (who is quoted in Adam’s piece) provi…

Is the sanctions debate moving on from the correspondent banking/SWIFT debate to even more radical steps? Action against Russian central bank? Stops on oil and

@UliKnkel @edwardfishman @SonyKapoor @GeneralTheorist You are most welcome. Been a hive mind effort these last few days.

@ntrickett16 @IikkaKorhonen @BuddyYakov @jeff_hawn Thanks Nick … hugely appreciated.