The G7 countries have decided to tighten restrictions against Russia. US and UK impose new sanctions

11:06, Monday, 09 May, 2022
The G7 countries have decided to tighten restrictions against Russia. US and UK impose new sanctions

On Sunday, the leaders of the G7 countries held talks via videoconference on how to respond to Russia’s armed invasion of Ukraine. At the same time, the US and Britain announced new sanctions against Moscow.
     The leaders of the world’s leading countries discussed new sanctions against Russia and how to make Russia “pay a high price for Putin’s war for its invasion of Ukraine.”

The President of Ukraine Volodymyr Zelensky also took part in this meeting.

In a statement following the meeting, the G7 leaders promised to tighten Russia’s economic isolation and “raise to a new level” the campaign against Russian pro-Putin elites.
     They confirmed, in part, that they would cut Russia off from key financial and other services on which Russia depends, thus reinforcing the country’s isolation in all sectors of the economy.

The G7 leaders also reaffirmed their commitment to phasing out Russian energy resources, including a ban on Russian oil imports.
     “We will continue and elevate our campaign against the financial elites and family members who support President Putin in his war and squandering the resources of the Russian people,” the G7 said in a statement.
     New US sanctions
     The United States after this meeting announced new sanctions against Russia and Belarus.
     “The United States will impose sanctions on three of the most viewed, directly or indirectly state-controlled TV channels – the First Channel Joint-Stock Company, the Rossiya-1 TV Station, and the NTV Television Company Joint-Stock Company,” the White House said in a statement released following a video conference. G7 leaders.
     The new US sanctions also include:
     A ban on the export of goods in a number of industries, including the nuclear industry.
     2.6 thousand officials from Russia and Belarus fall under sanctions
     Among the newly included in the sanctions list: top managers of Sberbank and Gazprombank.
     A ban on American companies to provide consulting, advertising and accounting services to Russians.

Under US sanctions were 27 members of the leadership of Gazprombank
     The United States has imposed blocking sanctions against the Moscow Industrial Bank and a number of entities controlled by it, as well as the management of Sberbank and Gazprombank, follows from the message of the Office of Foreign Assets Control of the US Treasury Department (OFAC).
     According to the White House, eight members of the management of Sberbank fell under US sanctions, including Sberbank Deputy Chairman Bella Zlatkis, First Deputy Chairman of the Board Kirill Tsarev, and Head of the Wealth Management block of Sberbank Natalya Alymova.

The sanctions list also includes 27 Gazprombank executives. The list also includes the chairman of the board of Gazprombank, Andrey Akimov, who was already under US sanctions, and the head of Gazprom, Alexei Miller.
     Also under sanctions were APK Voronezhsky LLC, Azov Grain Company LLC, Auditconsult LLC and others.
     In addition, the US State Department on Sunday added 8 Russian maritime companies and 69 vessels to the US Treasury’s sanctions list.
     British sanctions
     On Sunday evening, Britain also announced the introduction of new sanctions against Russia.
     The restrictions, which include import duties and an export ban, will affect goods worth £1.7bn ($2.1bn), the UK’s Department of International Trade said in a statement.

1.4 billion of this amount were Russian exports to Britain, on which London is now imposing an additional 35% import tariff. The commodities included platinum and palladium. Another £250m will cost the export ban, which will affect chemicals, plastics, rubber and machinery.
     “We are determined to do everything possible to thwart [Russian President Vladimir] Putin’s intentions in Ukraine and undermine the illegal invasion in which barbaric acts were committed against the Ukrainian people,” British International Trade Secretary Anne-Marie Trevelyan said. “This far-reaching the package of sanctions will cause additional damage to the Russian military machine.”

“Putin’s illegal invasion of Ukraine is causing suffering on a massive scale. His barbaric war must be stopped,” British Finance Minister Rishi Sunak said in a statement.
     This is the third round of British sanctions against Russia. The British authorities say that the restrictions will affect more than 96% of imports of goods from Russia and more than 60% of exports.

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