US and G7 allies impose new sanctions on Russia

Before the “Victory Day” in Moscow, the United States and the other G7 countries want to drive Kremlin chief Putin to the parade. Because of the Ukraine war, the allies are tightening sanctions against Russia.

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(dpa) – Before the “Victory Day” celebrations in Moscow, the USA and the other G7 countries are imposing new sanctions against Russia because of the war of aggression against Ukraine. This was announced by the White House in Washington on Sunday. The heads of government of the G7 countries had previously spoken to Ukrainian President Volodymyr Zelenskyy in a switching conference. According to the US government, the punitive measures are aimed, among other things, at the important Russian energy sector.

The group of seven leading democratic industrial nations includes the NATO states USA, Canada, France, Great Britain, Italy and Germany as well as Japan. In a joint statement, the G7 states announced further support for Ukraine and condemned Russia. “We are appalled by the massive loss of life, the attack on human rights and the destruction wrought by Russia’s actions in Ukraine.”

Oil imports are to be phased out

The White House announced that all G7 countries committed on Sunday to phase out or ban imports of Russian oil – the USA itself has already imposed a corresponding import ban. In Brussels, the EU countries are also negotiating an oil embargo against Russia and other punitive measures. Recently there was still a dispute about exceptions to the import ban for countries such as Hungary, the Czech Republic, Slovakia and Bulgaria. Discussions on this are expected to continue next week.

There are exceptions to the import ban for some Eastern European countries.

Photo: AFP

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A US official also announced a ban on providing business services to companies or individuals in Russia. Services in the areas of accounting, management, consulting or marketing are affected. The US would also impose sanctions on three of the main television channels directly or indirectly controlled by President Vladimir Putin’s government: Pervy Kanal. Rossiya-1 and NTV. Advertising orders from the USA should not be placed with these “Kremlin mouthpieces”, nor should US technology be supplied for broadcasting.

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The war and the sanctions have left their mark on the financial institutions.

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US tightens sanctions even further

The US official said the US would further tighten its export controls to weaken Russia’s war effort. Wood products, industrial engines and clearing vehicles are affected. In addition, sanctions would be imposed on managers of the largest and third largest Russian banks, Sberbank and Gazprombank. “The message is that if Putin’s invasion continues, there will be no safe haven for the Russian economy.” The other G7 countries announced similar measures on business services and against Russian banks and Russian propaganda and disinformation.

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The image as a hiding place for dubious funds persists. Everything is different today, the authorities have cleaned up, according to the government.

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The White House said: “Our unprecedented sanctions are already taking an immense toll on Russia’s economy.” The export controls would cut Russia off from important technology. “Putin’s war is likely to wipe out the economic gains of the last 15 years in Russia.” Two important Russian tank factories had stopped working because they lacked foreign components. Almost 1000 companies left Russia. “Putin did not achieve his original military goal of dominating Ukraine – but he managed to make Russia a global pariah.”

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“If nuclear weapons were used, there would only be losers on all sides,” said Stoltenberg, who feared the war would intensify.

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“Putin’s War Machine”

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US President Biden announces new sanctions. Gasoline in the USA is already more expensive than ever.

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Despite the new sanctions against Russia, US President Joe Biden says he does not want to escalate tensions with Moscow any further.

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Trump agrees to sanctions

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He had doubts to the last, but bowed to Congress. Donald Trump has cleared the way for tougher sanctions against Russia. Moscow has already announced retaliation – and the United States is also threatened with a dispute with Europe.

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“Our counter-sanctions will not be long in coming,” the Russian Foreign Ministry announced on Friday evening in Moscow.

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After the European Union, the USA also imposed new sanctions on Russia because of the Ukraine crisis.

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