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The United States on Monday warned it was ready to act in Syria if needed to end chemical attacks and “inhuman suffering” as it pushed for a new 30-day ceasefire in Eastern Ghouta at the United Nations Security Council The US ambassador [Nikki Haley] recalled that President Donald Trump had ordered missile strikes on a Syrian air base in April last year in retaliation for a sarin gas attack blamed on President Bashar al-Assad’s forces.

“We also warn any nation that is determined to impose its will through chemical attacks and inhuman suffering, most especially the outlaw Syrian regime: the United States remains prepared to act if we must,” Haley said. The Russian military at least is taking the threat seriously. The chief of Russia’s armed forces has issued a warning of his own: Moscow is ready to respond if lives of the Russian servicemen are endangered, including by strikes on Damascus, head of Russia’s General Staff Valery Gerasimov said. “There are many Russian advisers, representatives of the Russian Center for Reconciliation of Opposing Sides and [Russian] servicemen in Damascus and at Syrian defense facilities,” Gerasimov stated. In case lives of Russian military personnel are put in danger, the Russian Armed Forces will respond with certain measure to both “missiles” and “lauchers” which are delivering these projectiles.

What Gerasimov is saying here is two-fold: Any strikes in and around Damascus would almost certainly endanger Russian military personnel. If that were to happen, the Russian military will take measures against any missiles, and also against launch vehicles delivering the payload. Meaning, the Russians won’t be passively absorbing US strikes. Instead they will use their potent anti-air defenses, including against any manned aircraft.

One month ago, the bond market and political pundits did a double take when according to the latest Treasury International Capital report, Russia had liquidated virtually all of its US Treasury holdings, selling off the bulk of its US government bonds in just two months, March and April.

And with the US threatening to impose a new set of "crushing" sanctions on Russia, including in retaliation for the alleged Novichok nerve gas attack in the UK, Russia not only intends to continue liquidating its US holdings, but to significantly reduce its reliance on the US Dollar. Speaking in an interview for the Rossiya 1 TV channel, Finance Minister Anton Siluanov said that Russia "aims to keep reducing its investments in American securities" following new U.S. sanctions and said that the "US dollar is becoming an unreliable tool for payments in international trade." The minister also hinted at the possibility of using national currencies instead of the dollar in oil trade. "I do not rule it out. We have significantly reduced our investment in US assets. In fact, the dollar, which is considered to be the international currency, becomes a risky tool for payments," Siluanov noted.

Israel’s three largest banks — Hapoalim Bank, Leumi Bank and Mizrahi Tefahot Bank — have all been ordered to pay record fines, which collectively are set to total over $1 billion, to the U.S. government after the banks were found to have actively colluded with thousands of wealthy Americans in massive tax-evasion schemes.