The Weight of the World’s Sanctions: SWIFT, Oligarchs, & Frozen Assets

Bill Daley, vice chairman of public affairs at Wells Fargo and former chief of staff in the Obama administration, discusses new sanctions against Russia, including the move to block some access to the SWIFT international payment system. CNBC’s Kayla Tausche breaks down the latest moves from the U.S. Treasury Department against Russia, CNBC’s Robert Frank reports on the swath of new sanctions from Western nations against Russian elites, and Eunice Yoon reports from Beijing, where China is struggling to remain neutral over Russia’s attack on Ukraine. Plus, Federal Reserve Chairman Jerome Powell is due to testify before Congress on Wednesday and Thursday for the central bank’s semiannual monetary policy report to lawmakers. Investors will be watching the testimonies closely for any indication on how the Russia-Ukraine crisis may affect the Fed’s plans for raising interest rates and tightening monetary policy more broadly.

In this episode: Bill Daley, @WellsFargo Kayla Tausche, @kaylatausche Robert Frank, @robtfrank Eunice Yoon, @onlyyoontv Joe Kernen, @JoeSquawk

Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin Cameron Costa, @CameronCostaNY

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