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US Targets Russia With More Than 500 New Sanctions - Foreign Affairs - Nairaland

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US Targets Russia With More Than 500 New Sanctions by Fineman2: 11:24am On Feb 24
The US has announced more than 500 new sanctions against Russia over its invasion of Ukraine and the death of opposition leader Alexei Navalny.

These include measures against Russia's main card payment system, financial and military institutions, and officials involved in Navalny's imprisonment.

The EU has also announced new sanctions on access to military technology.

The measures mark a week since Navalny suddenly died in an Arctic Circle jail.

US President Joe Biden, who met Navalny's widow and daughter in San Francisco on Thursday, has said there can be "no doubt" the Russian president was to blame for his death

The newly-announced US measures also include nearly 100 firms and individuals which will also face export restrictions.

Others target the state-owned operator of Mir, Russia's main payment system, which has become more prominent since Visa and Mastercard suspended their services there.

Companies involved in powering Russia's war effort, developing the country's future energy production and its co-operation with Iran over drones will also be hit.

More than two dozen entities outside of Russia - including people in China, the UAE, Vietnam and Liechtenstein - have also been sanctioned, accused of being connected to businesses that send materials to Russia's military.

The sanctions are unlikely to have an impact on Russia's economy. It is already the most sanctioned country in the world, and there are very few key entities or sectors that are not already subject to US and European restrictions.

Russian banks and military-industrial enterprises have adapted, and developed workarounds to evade existing sanctions
Ukrainian officials have published details of US and European microchips and other technology they have found in captured Russian drones. Many of these parts are imported to Russia from third countries such as China.

In a statement, President Biden said they new sanctions would "ensure" Russian President Vladimir Putin "pays an even steeper price for his aggression abroad and repression at home".

This latest package brings the number of entities sanctioned to over 4,000, and comes on the eve of the second anniversary of Russia's full-scale invasion of Ukraine.

"Two years ago, he tried to wipe Ukraine off the map. If Putin does not pay the price for his death and destruction, he will keep going," Mr Biden said in the statement.

John Kirby, the spokesperson for the National Security Council, told reporters on Friday that the administration had plans for further action against Russia, but needed to work with international partners and gain greater legal authority from Congress to implement it.

The EU also announced its 13th raft of sanctions on Friday, targeting nearly 200 companies and people accused of helping Russia procure weapons, or of involvement in kidnapping Ukrainian children - something Moscow denies.

They included 10 Russian companies and individuals involved in the shipping of North Korean armaments to Russia, including North Korea's defence minister.

"We remain united in our determination to dent Russia's war machine and help Ukraine win its legitimate fight for self-defence," said EU Foreign Policy Chief Josep Borrell.

The EU has now listed more than 2,000 individuals since the war started.

In response, Russia's foreign ministry said it had significantly expanded a list of EU officials and politicians banned from entering Russia.

"The European Union is continuing its fruitless attempts to put pressure on Russia through unilateral restrictive measures," it said in a statement.

The Russian president himself was sanctioned by the US, EU and UK days after the start of Moscow's full-scale invasion of Ukraine in February 2022. His assets were frozen and companies were banned from providing them with goods.

People close to him, including his daughters, are also under sanctions.

The International Criminal Court served Mr Putin with an arrest warrant last year, alleging he was responsible for war crimes and focusing on the deportation of children from Ukraine to Russia.

Mr Putin regularly praises the performance of the Russian economy in spite of international sanctions."We have growth, [the West has] decline," he said last month during a visit to the remote Russian region of Chukotka. "They depend on us more than we depend on them."

Its economy is around 1% larger than it was in February 2022. Moscow can still find plenty of buyers for oil, gas and minerals, especially in Asia. But Western officials say this is a marathon, not a sprint, and sanctions can take years to show results.

https://www.bbc.com/news/world-us-canada-68380251


Nlfpmod mynd44

Re: US Targets Russia With More Than 500 New Sanctions by Fineman2: 11:25am On Feb 24
How I wish US and Europe can extend this same sanctions to Israel
Re: US Targets Russia With More Than 500 New Sanctions by 123yes(m): 11:42am On Feb 24
Russia is a great country most of these USA sanctions are not working. They have oil and gas and produces 90% of the products they used domestically and even export abroad. They are super world power and don't depend on any country to defend them in case of any aggression from the West and NATO. I think USA is playing politics here always using sanctions to percefy the West.

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Re: US Targets Russia With More Than 500 New Sanctions by Starwhite: 11:43am On Feb 24
US is simply a barking bulldog in front of the bear with this unproductive sanctions

2 Likes 1 Share

Re: US Targets Russia With More Than 500 New Sanctions by Fineman2: 11:44am On Feb 24
123yes:
Russia is a great country most of these USA sanctions are not working. They have oil and gas and produces 90% of the products they used domestically and even export abroad. They are super world power and don't depend on any country to defend them in case of any aggression from the West and NATO. I think USA is playing politics here always using sanctions to percefy the West.
china is the one helping Russia to evade some of these sanctions

1 Like

Re: US Targets Russia With More Than 500 New Sanctions by viyon02: 12:03pm On Feb 24
Putin my man.
Re: US Targets Russia With More Than 500 New Sanctions by Cassandraloius: 5:19pm On Feb 24
Putin be doing the most.
Re: US Targets Russia With More Than 500 New Sanctions by Dream25: 6:26pm On Feb 24
Fineman2:
china is the one helping Russia to evade some of these sanctions
No country help for free especially a superpower like Russia...

Russia must be offering them something better or equal for them to do such..

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Re: US Targets Russia With More Than 500 New Sanctions by Fineman2: 7:47pm On Feb 24
Dream25:

No country help for free especially a superpower like Russia...

Russia must be offering them something better or equal for them to do such..
that's right
Re: US Targets Russia With More Than 500 New Sanctions by Fineman2: 7:47pm On Feb 24
Nlfpmod
Re: US Targets Russia With More Than 500 New Sanctions by Kingsnairaland(m): 7:49pm On Feb 24
Fineman2:
How I wish US and Europe can extend this same sanctions to Israel

Sanctions holds no water
Re: US Targets Russia With More Than 500 New Sanctions by Kingsnairaland(m): 7:50pm On Feb 24
123yes:
Russia is a great country most of these USA sanctions are not working. They have oil and gas and produces 90% of the products they used domestically and even export abroad. They are super world power and don't depend on any country to defend them in case of any aggression from the West and NATO. I think USA is playing politics here always using sanctions to percefy the West.

Exactly it just to act like they are on top
Re: US Targets Russia With More Than 500 New Sanctions by Fineman2: 7:50pm On Feb 24
Kingsnairaland:


Sanctions holds no water
it does to some extent

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