Last updated on April 7th, 2022 at 03:59 am
As Russia continues to move into Ukraine and the world revolts on its wrong doing, the volley of sanctions is on the rise. The United States has now levied a ban on investment in Russia. Further, there is an added ban by the European Union on coal imports from Russia. All this comes after the discovery of civilian murders and other atrocities in Ukrainian towns abandoned by retreating Russian forces.
The respective government plans to continue to increase penalties on Russian financial institutions and state-owned enterprises that will also follow with further sanctions on unspecified Russian officials and their family members, said White House Press Secretary Jen Psaki.
Further, export controls on technologies used in the Russian defense sector and other key industries will also be expanded under the wider European sanctions. Restrictions on sales of equipment that can be used to liquefy natural gas is also in order. EU also proposes sanctioning more entities, including banks such as VTB Bank PJSC, that have been cut off from the SWIFT global payments messaging system but are not yet fully sanctioned.
Making a formal statement to the media, Ms. Psaki has said, “You can expect that they will target Russian government officials, their family members, Russian-owned financial institutions, also state-owned enterprises. It’s a part of the continuation of our efforts to put consequences in place, hold Russian officials accountable.” A formal announcement will follow in a few days.
While Russia has been seeking that fossil fuel might be bought off it in the ruble only, its currency feel a lot more as the news over penalties got out. Termed as ‘genocide’ civilians were murdered and dumped in mass graves or left to rot in the open by retreating Russian forces or even those till they occupied smaller cities and suburbs in Ukraine. As videos have been circulated about the various atrocities committed, the world has been horrified and called for Russia to be tried in court of international law for having committed war crimes. The Kremlin has denied responsibility, claiming without evidence that the Kyiv government staged the incidents. There are also discussions underway to sanction Putin’s daughters. The EU Commission von der Leyen is planning to visit the Ukrainian President Volodymyr Zelenskiy who continues to press Europe and US to supply him with more weaponry and urges UN to disband if they cannot excommunicate Russia from the HR Council.
When dealing with the 2024 economic environment, it is possible to identify the countries that should attract investors. Advancement in… Read More
As smog continues to blanket Punjab province I am deeply worried about young children breathing in toxic air. Over 11… Read More
Teachers in the United States salaries are one of the lowest paid in the world and many people will avoid… Read More
Anaya Bangar who is 23-year-old daughter of former Indian cricketer and coach Sanjay Bangar recently came out as a transwoman.… Read More
Today, November 11, SpaceX is set to launch 24 Starlink satellites from Florida's Cape Canaveral Space Force Station. The mission… Read More
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan was on a state visit to Kuwait. He met with… Read More
This website uses cookies.
Read More