Japan freezes assets of Russia's Sberbank, Alfa Bank

The Japanese government has frozen assets of Russia's largest financial institution, Sberbank, and its largest private bank, Alfa Bank, as Japan ramps up pressure against Moscow's Ukraine invasion.

When Wall Street firms and AIG brought about a near collapse of the financial system they were not nationalized.

No were all the individuals named in the Pandora /Panama papers using semi legal means to hide assets from regulations and taxation.

Let's dont discriminate with financial entities and oligarchs that are harming millions worldwide.

Nationalize their assets with extreme prejudice.

The sanctions aren't affecting the crisis in Ukraine.

This is another dumb move by Japan and not condusive to stimulating the economy or its national security.

A recipe for disaster.

Russia will retaliate.

Let's dont discriminate with financial entities and oligarchs that are harming millions worldwide.

Nationalize their assets with extreme prejudice.

Sadly, things are moving in exactly the opposite direction. The British government is now trying to ban the Boycott, Divestment, and Sanctions (BDS) campaign in the UK, part of an outrageous attempt to restrict the right to protest and erode human rights.

https://www.jacobinmag.com/2022/02/uk-anti-boycott-divestment-sanctions-law-parliament

No were all the individuals named in the Pandora /Panama papers using semi legal means to hide assets from regulations and taxation

Which includes Zelenskiy and his mysterious millions:

https://new-economy.gr/2022/03/13/zelensky-pandora/

Now, did Japan give these banks ample time to transfer their assets back to Mother Russia and sell up anything nontransferable , I wonder.

It's all in the timing... isn't freezing point 0?

Why do we freeze their assets? They are a great trading partner. We are not a member of NATO or the EU.

This will bankrupt some of Japan's companies.

@dagon - not sure I fully understand what you are trying to imply but there is certainly no comparison between financial crimes of Wall Street / tax evaders and Russia invading Ukraine. The crime and remedies are (and should be) very different.

The sanctions are to put pressure on the Putin government.

@dagon - not sure I fully understand what you are trying to imply but there is certainly no comparison between financial crimes of Wall Street / tax evaders and Russia invading Ukraine. 

The same financial mechanisms are used by both.

https://www.npr.org/2022/03/27/1089072532/western-enablers-help-russian-oligarchs-hide-their-wealth

The Japanese government has frozen assets of Russia's largest financial institution, 

in Russia they call it theft (officially)

wrong once - no more credibility.