The United States reveals tough sanctions against Russia

The United States reveals tough sanctions against Russia

USA targets more than 500 people and organizations from several countries in its largest round of sanctions against Russia since it invaded Ukraine two years ago and in response to the death in prison of the Russian opponent Alexei Navalny.

Three Russian officials are among those sanctioned for USA for his involvement in this death, announced the State Department.

The companies that were sanctioned by the United States

Companies from 26 States and nationals from 11 countries, including China and Germany, They are among more than 500 individuals and organizations sanctioned for fueling the Russian war machine or helping the government evade international sanctions.

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There are already more than 4,000 entities and people sanctioned.

This raises more than 4,000 entities and people sanctioned by Washington since the beginning of the war.

The Commerce Department added more than 90 companies to its blacklist

“To deny Russia the resources necessary to support its brutal war against Ukraine, the Treasury designates targets that include an important cog in the Russian financial infrastructure,” the Treasury Department reported.

It also includes “more than twenty third countries that have escaped sanctions in Europe, East Asia, Central Asia and the Middle East and hundreds of entities within the military-industrial complex of Russia and other key sectors”.

The long list includes numerous technology companies in the semiconductor, optics, drones and information systems sectors, and even a institute of applied mathematics.

The Russian payment system Mir was also sanctioned. Its development “has allowed Russia build a financial infrastructure that allows it to circumvent sanctions and rebuild broken ties with the international financial system,” the Treasury Department said in a statement.

  • Mir cards, developed in 2015 in response to Western sanctions following the 2014 annexation of Crimea, allow Russians to make payments and withdraw money in certain foreign countries.

The Russian financial sector

“If Putin does not pay the price for the death and destruction (he causes), he will continue,” the president of USAJoe Biden, in a statement the day before he two years have passed since the invasion of Ukraine.

Biden quotes in his statement “more than 500 new sanctions” against “individuals linked to Navalny’s imprisonment” and against “the financial sector, the defense industry, supply networks and sanctions evaders on multiple continents.”

“We are taking steps to further reduce energy revenues for Russia. And I have asked my team to increase support for civil society, independent media, and those fighting for democracy around the world,” Biden wrote.

The United States and the European Union together against Russia

USA and the European Union have already applied a battery of sanctions against Moscow since the outbreak of the war after the russian invasion of Ukraine on February 24, 2022.

The US government has always provided its support to kyiv but the disbursement of new funds worth $60 billion is blocked in Congress due to opposition from the hard core of the Republicans, close to the former president. Donald Trump, favorite for his party’s nomination for the presidential elections in November.

Joe Biden ordered congressmen to approve these funds “before it is too late”

“Now is the time for us to stand firm with Ukraine and united with our allies and partners. Now is the time to show that USA “He defends freedom and bows to no one,” Biden said.

Source: Ambito

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