On 2/24/2022, in remarks from the East Room of the White House, Biden was forced to deny that the threat of sanctions against Putin’s personal wealth was a bluff, insisting under questioning that such a move was “still on the table.” “Why not sanction him today, sir? Why not sanction him today?” CNN’s Kaitlan Collins asked. Biden would not answer and called on a different journalist to ask a question.

Biden acknowledged under questioning from reporters that blocking Russian access to SWIFT — the international payment system that is used to assist transactions by global banks — was “not the position that the rest of Europe wishes to take.” Ukrainian officials, led by Foreign Minister Dmytro Kuleba, had begged for the West to take the drastic step.

Biden repeatedly insisted that the sanctions announced were of “equal consequence, maybe more consequence” to removing Russia from SWIFT. “You didn’t mention SWIFT in your sanctions that you announced,” one reporter pointed out to Biden. “Is there a reason why the US isn’t doing that? Is there disagreement among allies regarding SWIFT and whether Russia should be allowed to be part of it?”

“The sanctions that we’ve imposed on all of their banks have equal consequence, maybe more consequence, than SWIFT,” Biden insisted. “Number two, it is always an option. But right now, that’s not the position that the rest of Europe wishes to take.”
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Biden new sanctions leave Putin untouched, no SWIFT ban, will sanctions work? Flashback