(Impose total sanctions on Russia) - '..blocking Russia from access to the U.S. dollar..' - If Russia invades, sanction its oil and gas

'Blocking Russia from access to U.S. dollars over Ukraine

The United States holds one of the most powerful financial weapons to wield against Putin — blocking Russia from access to the U.S. dollar. Dollars still dominate in financial transactions around the world, with trillions of dollars in play daily.

Transactions in U.S. dollars ultimately are cleared through the Federal Reserve or through U.S. financial institutions. Crucially for Putin, that means foreign banks have to be able to access the U.S. financial system to settle dollar transactions.

The ability to block that access gives the United States the ability to inflict financial pain well beyond its borders. Previously, the U.S. has suspended financial institutions from dollar clearing for allegedly violating sanctions against Iran, Sudan and other countries.'

- Time (Source, February 22, 2022)



'..plan for what will happen to Russia if Putin tries to gobble up significant parts of Ukraine. There must be no business as usual between the West and his nation. Our most powerful weapon is to sanction energy exports that provide Russia the money it needs to finance mischief abroad..'

- If Russia invades, sanction its oil and gas, January 26, 2022



Context

(Impose total sanctions on Russia) - Pelosi: Putin is a "tyrant" and his actions are a "total assault on democracy"