Thursday , May 8 2025

30 Days

Summary:
They’ve given them 30 days which is not generally being reported…“The U.S. Treasury Department said U.S. banks must sever their correspondent banking ties - which allow banks to make payments between one another and move money around the globe - with Russia's largest lender, Sberbank (http://SBER.MM), and 25 of its subsidiaries within 30 days.”U.S. hits major Russian banks with sanctions over invasion of Ukraine https://t.co/WRf5pilgLc pic.twitter.com/ZTOP76ilz0— Reuters (@Reuters) February 25, 2022 “About one month”…PETER DOOCY: "[Biden] says the sanctions are gonna take...about a month. Do you guys think the people in Ukraine have about a month?"PSAKI, condescendingly: "Peter, let me just take a step back and explain to everyone how diplomacy works." pic.twitter.com/nf1jPsHonT— RNC

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They’ve given them 30 days which is not generally being reported…


“The U.S. Treasury Department said U.S. banks must sever their correspondent banking ties - which allow banks to make payments between one another and move money around the globe - with Russia's largest lender, Sberbank (http://SBER.MM), and 25 of its subsidiaries within 30 days.



“About one month”…







Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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