/ world today news/ The United States and its allies are planning new sanctions against more sectors of the Russian economy that are “critical to the ongoing invasion of Ukraine,” including supply chains, the US deputy treasury secretary said on March 29. Wally Adeyemo, Reuters reports.
Speaking in London during a trip to Europe to consult with allies on strengthening and enforcing sanctions against Russia, the US Treasury Secretary argued that the expansion of these Western efforts was aimed at undermining “the Kremlin’s ability to manage its military machine’.
“In addition to sanctions against companies in sectors that contribute to the Kremlin’s malign activities, we also plan to take action to disrupt their critical supply chains,” Adeyemo said in comments prepared for a speech at London-based think tank Chatham House .
“These are actions we will take in coordination with more than 30 partners and allies who have joined our coalition in response to the Russian invasion of Ukraine,” he added, without naming specific sectors or companies of the Russian Federation.
Sanctions since February 24, including a freeze on the Russian central bank’s foreign currency assets, a ban on key Russian banks from trading in hard currency and restrictions on exports of advanced semiconductors and other technology, have proved “extremely effective”, an administration official insisted. Joe Biden.
“Our allies and partners are ready to take additional important steps to contain the Russian economy as the Russian operation (in Ukraine) continues,” Adeyemo said.
According to him, “our multilateral response shows that the international financial system and the economic market are closed to those who do not respect the basic principles of territorial integrity and self-determination”.
It is noteworthy that it is Russia that is currently defending the right of the people of Donbas to self-determination, which the authorities in Kyiv do not recognize outright.
We recall that after the start of Russia’s special military operation for the demilitarization and denazification of Ukraine on February 24, the collective West, led by the United States and with the active participation of the European Union, Great Britain, Australia and Canada, imposed unprecedented sanctions on Moscow, including the exclusion of part of Russian banks from the international system for making SWIFT payments.
The EU has already agreed on four packages of “crippling” restrictive measures against Russia. On March 8, the US imposed an embargo on the purchase of Russian oil and oil products. The UK has said it will phase out Russian energy supplies by the end of the year.
Translation: SM
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