The war in Ukraine has triggered a dramatic shift in the geopolitical landscape for Russia, a major supplier of various commodities. Western sanctions...
Vous n'êtes pas connecté
As US President Joe Biden and Group of Seven (G7) Leaders prepare to meet this week in Italy, the U.S. Department of the Treasury said Wednesday it is issuing sweeping new measures guided by G7 commitments to intensify the pressure on Russia for its continued cruel and unprovoked war against Ukraine. According to the Treasury, the new actions ratchet up the risk of secondary sanctions for foreign financial institutions that deal with Russia’s war economy; restrict the ability of Russian military-industrial base to take advantage of certain U.S. software and information technology (IT) services; and, together with the Department of State, target more than 300 individuals and entities both in Russia and outside its borders—including in Asia, the Middle East, Europe, Africa, Central Asia, and the Caribbean—whose products and services enable Russia to sustain its war effort and evade sanctions. “Russia’s war economy is deeply isolated from the international financial system, leaving the Kremlin’s military desperate for access to the outside world,” said Secretary of the Treasury Janet L. Yellen. “Today’s actions strike at their remaining avenues for international materials and equipment, including their reliance on critical supplies from third countries. We are increasing the risk for financial institutions dealing with Russia’s war economy and eliminating paths for evasion, and diminishing Russia’s ability to benefit from access to foreign technology, equipment, software, and IT services. Every day, Russia continues to mortgage its future to sustain its unjust war of choice against Ukraine.”; Treasury said it is targeting the architecture of Russia’s financial system, which has been reoriented to facilitate investment into its defense industry and acquisition of goods needed to further its aggression against Ukraine. Treasury is also targeting more than a dozen transnational networks laundering gold for a designated Russian gold producer, supporting Russia’s production of unmanned aerial vehicles (UAVs), and procuring sensitive and critical items such as materials for Russia’s chemical and biological weapons program, anti-UAV equipment, machine tools, industrial machinery, and microelectronics. The action also takes further steps to limit Russia’s future revenue from liquefied natural gas. The State Department is targeting over 100 entities;and individuals engaged in the development of Russia’s future energy, metals, and mining production and export capacity; sanctions evasion and circumvention; and furthering Russia’s ability to wage its war against Ukraine.
The war in Ukraine has triggered a dramatic shift in the geopolitical landscape for Russia, a major supplier of various commodities. Western sanctions...
The EU has agreed a new package of sanctions against Russia over its war in Ukraine. Among the measures is the targeting of Moscow’s shadow fleet of...
By Zachary Abuza Diversifying supply chains away from China is a boon for Southeast Asia and a priority for the U.S. government. But it can create...
Washington and its allies challenged North Korea at the United Nations on Friday over claims Pyongyang is breaching arms control measures by supplying...
In regard of the war in Ukraine, Russia’s main challenge going forward is to find the equilibrium between strategic overestimation and...
China on Tuesday urged the European Union to revoke sanctions on Chinese companies for what it believes is supporting Russia’s war in Ukraine. READ...
By He Jun On June 19, Russian President Vladimir Putin arrived in Pyongyang for a two-day visit to North Korea. Following this, Putin is also...
By Nicola Stoev The Soviet-China partnership at the beginning of Cold War, and the present quasi-alliance between China, Russia, Iran, and North...
By Peter Rough and Luke Coffey (FPRI) -- Russia’s large-scale invasion of Ukraine was a seismic event for the Republic of Moldova. The war...
Russia's and North Korea's dictators have signed a comprehensive strategic partnership agreement, which, among other things, includes security...