BRUSSELS/WASHINGTON: The United States on Thursday imposed fresh sanctions on Russia. Targeting dozens of Russian defense companies. Hundreds of members of its parliament, and the chief executive of the country’s largest bank.
As Washington ramps up pressure on Moscow over its invasion of Ukraine. 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. In a move aimed at stopping Russia from evading sanctions. A senior administration official said.“Our purpose here is to methodically remove the benefits and privileges Russia once enjoyed as a participant in the international economic order.” 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. In the biggest assault on a European state since World War Two.
Moscow calls the assault a “special operation” to disarm and “denazify” its neighbor. The official said the United States warned Putin. That it would face swift and severe consequences if he invaded Ukraine and they have delivered on that threat.
The official noted that the country is facing punishing inflation and economic pain. That will push it out of the world’s top 20 economies. “Russia will soon face an acute shortage of ideas, talent, and technology to compete in the 21st century.
And Putin will be left with a strategic failure of his own making,” the official said. The United States and its allies have imposed several rounds of sanctions on Russia, including targeting the country’s largest lenders and President Vladimir Putin, since Russian forces invaded Ukraine.
The United States has imposed fresh sanctions on Russia, targeting dozens of Russian defense companies, hundreds of members of its parliament, and the chief executive of the country’s largest bank, as Washington ramps up pressure on Moscow over its invasion of Ukraine. The U.S. Treasury Department has issued guidance on its website warning that gold-related transactions involving Russia may be sanctionable by U.S. authorities, in a move aimed at stopping Russia from evading sanctions.
A senior administration official said the United States warned President Vladimir Putin that it would face swift and severe consequences if he invaded Ukraine and they have delivered on that threat. The official noted that the country is facing punishing inflation and economic pain.
The official also said that Russia will soon face an acute shortage of ideas, talent, and technology to compete, and Putin will be left with a strategic failure of his own making. The invasion of Ukraine by Russian forces has significant implications for the global economy and international relations, and has been widely condemned. Moscow calls the assault a “special operation” to disarm and “denazify” its neighbor.
The United States and its allies have worked together to impose sanctions and provide support, and have engaged in ongoing efforts to resolve the conflict. The situation remains highly fluid, with ongoing efforts to resolve the crisis and mitigate its consequences. The United States and its allies have imposed sanctions in an effort to pressure Moscow to change its behavior, as part of a broader effort to hold Russia accountable for its actions.
