On Monday, Rep. Mark Green appeared on Fox Business Network and stated that President Joe Biden's move to block Russian banks from the SWIFT International banking system is a half-measure at best.
He explained that Russian president Vladimir Putin will continue to make money as the price of oil increases because energy is exempt from sanctions.
Host Stuart Varney asked, “Can President Biden take any credit here?”
Green replied, “No, I don’t think so. President Biden stair-stepped this process and it emboldened Putin at the beginning. We could have been definitive, decisive from the beginning and perhaps even stopped it from happening. So, I almost blame Biden. His initial words were great, the rhetoric — I told him, hey, they’re getting this one right, even Blinken’s comments. And then they executed just in half-measures — keep — and even the SWIFT transactions, they’re talking about making exceptions for energy."
He added, That would be the whole point of what we do is to shut down their energy economy. It’s 40% of their economy and oil is 101 or 102 bucks right now. It’s going to maybe 120, 130. That just doubles Putin’s income. So, we are just doing half-measures from our administration.”
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