NEWSWATCH The Times (UK): U.S. ready to switch off cash supply to Putin. The US proposals mark a dramatic escalation in financial sanctions against Moscow.
The London Times reports on U.S. efforts to bring greater financial pressure against the Putin regime over the conflict in Ukraine.
The United States is ready to starve Russia of access to western credit if President Putin fails to meet demands for peace in Ukraine.
The punitive measures against Mr Putin’s inner circle of oligarchs and their extensive business interests would mark a dramatic escalation in financial sanctions against Moscow.
Proposals drawn up in Washington include an attempt to close off western credit markets for Russia, according to senior US officials.