Home of Lisa's Top Ten, the daily email that brings you the world.
Donate
SUBSCRIBE

Lisa's Top Ten

U.S. Announces New Russia Sanctions Over Ukraine Invasion

The United States and its allies on Thursday ramped up pressure on Moscow over its invasion of Ukraine
A woman rides a bicycle past a part of the Kremlin wall where the Russian national flag is projected, during celebrations of Russia Day in Moscow, Russia, June 12, 2020. REUTERS/Maxim Shemetov/File Photo
A woman rides a bicycle past a part of the Kremlin wall where the Russian national flag is projected, during celebrations of Russia Day in Moscow, Russia, June 12, 2020. REUTERS/Maxim Shemetov/File Photo

BRUSSELS/WASHINGTON, March 24 (Reuters) – The United States and its allies on Thursday ramped up pressure on Moscow over its invasion of Ukraine, as Washington imposed fresh sanctions on dozens of Russian defense companies, hundreds of members of its parliament and the chief executive of the country’s largest bank.

The U.S. Treasury Department also issued guidance on its website warning that gold-related transactions involving Russia may be sanctionable by U.S. authorities, a move aimed at stopping Russia from evading existing sanctions.

“Our purpose here is to methodically remove the benefits and privileges Russia once enjoyed as a participant in the international economic order,” a senior administration official said, speaking on condition they not be named.

The United States and its allies have imposed several rounds of sanctions, including targeting the country’s largest lenders and President Vladimir Putin, since Russian forces invaded Ukraine a month ago in the biggest assault on a European state since World War Two. read more

Moscow calls the assault a “special operation” to disarm and “denazify” its neighbor.

Among the new sanctions targets are more than 40 defense companies, including state-owned Tactical Missiles Corp and 28 firms to which it is linked, as well as its general director, the Treasury said in a statement.

The Treasury said Washington’s action aligned with similar measures taken by the EU, the United Kingdom and Canada.

The Treasury said the conglomerate, which Britain has already hit with sanctions, produces naval systems and weapons that Russia is using against Ukraine, including the Kh-31, a high-speed airborne guided missile that has been employed extensively in Moscow’s offensive.

Other firms on the new list include manufacturers of ammunition for the Russian military, civilian and military helicopters, and drones that the Treasury said originally were designed for surveillance but have been “repurposed” and used to attack Ukrainian forces.

The Treasury also slapped sanctions on 328 members of the Duma, Russia’s parliament, and Herman Gref, the head of Russia’s largest lender, Sberbank (SBER.MM), who the Treasury said was a close Putin associate.

The United States said last month that U.S. banks must sever their correspondent banking ties – which allow banks to make payments between one another and move money around the globe – with Sberbank, but did not freeze its assets. 

Read More

Total
1
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *