The USA introduced new large-scale sanctions against the Russian Federation and its “friends”: the first reaction

Anastasia Gorbacheva19:25, 12.06.24

It is noted that Mosbirzha has stopped trading in dollars and euros.

The USA introduced new  sanctions against the Russian Federation . This time, individuals and legal entities in the Russian Federation and third countries, who help support the war against Ukraine, fell under the “rink” of restrictions.

“The measures increase the risk of secondary sanctions for foreign financial institutions that work with the Russian military economy; they limit the ability of the Russian military-industrial base to use some American services in the field of software and information technology,” the US Department of the Treasury said in a statement .

At the same time, it is noted that the restrictions are directed against more than 300 individuals and legal entities both in Russia and abroad – in particular in Asia, the Middle East, Europe, Africa, Central Asia and the Caribbean.

The list of sanctions includes:

  • Moscow Exchange (MOEX);
  • National Clearing Center (NCC);
  • JSC “National Settlement Depository”;
  • insurance company “Sogaz”;
  • JSC “Russian National Reinsurance Company”.

In addition, the following were sanctioned:

  • Russian banks with their offices in China, India and other countries;
  • technological enterprises that work at the military industry of Russia;
  • transnational networks working with Russian gold contribute to the production of drones in the Russian Federation, and also help to circumvent sanctions.

This time, the restrictions also affected Turkish “friends” of Moscow, who supplied tens of millions of dollars worth of machine tools, metalworking tools, electronic integrated circuits, welding equipment, drones, and more.

It is worth noting that Russia has already reacted to the new US sanctions. Moscow Exchange announced the suspension of trading in dollars and euros from June 13. At the same time, the Central Bank of the Russian Federation announced that transactions with the dollar and euro will continue to take place on the over-the-counter market.

(c)UNIAN 2024

7 comments

  1. United States to Enter into Security Pact with Ukraine During G7 Summit

    During the G7 summit in Italy on June 13, the government of the United States will secure a crucial bilateral security deal with Ukraine, confirmed by Jake Sullivan, the U.S. National Security Adviser, in a press briefing on June 12.

    Following extensive discussions, Ukraine is set to enter into the security agreement with the United States, which stems from a G7 commitment made at the NATO summit in July 2023 in Vilnius to back Ukraine’s defense strategies over the long term.

    Sullivan proclaimed, “The negotiations are complete, and we will formally sign the agreement tomorrow,” emphasizing that the agreement illustrates firm determination.

    “We aim to show that the U.S. is with the Ukrainian people, affirming our solidarity, and persisting in meeting their security demands today and into the foreseeable future,” stressed Sullivan.
    The security deal is detailed by Sullivan as a plan to bolster Ukraine’s defensive and deterrent strength in concert with U.S. allies and partners. Sullivan added, it also involves “promises from Ukraine about reforms” and meticulous tracking of the end-use of American-provided weaponry.

    From Ukraine, the U.S. will benefit in terms of “insights and experience, its battlefield innovations, and its lessons learned from the front.”

    “The agreement does not imply we will employ our own forces for Ukraine’s defense, rather it is a commitment to enable Ukraine’s self-defense,” indicated Sullivan. According to him, Ukraine’s future peace rests largely on “its own capacity for self-protection and deterring further hostility.”

    https://www.msn.com/en-us/news/world/united-states-to-enter-into-security-pact-with-ukraine-during-g7-summit/ar-BB1o6j2v

    [The article goes on to say that this could be reversed by future U.S. presidential administrations. So let’s hope that the current administration isn’t replaced by a putler-loving Ukraine-hating one.]

    • Thanks for sharing, Larry.
      I certainly hope that this security agreement with the United States is worth more than the last one called Budapest Memorandum.

  2. These security agreements are worthless. How can anyone trust these agreements when two major countries gave the finger to Ukraine in 2014.

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