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US and UK apply “never before seen” economic sanctions on Russia
Joe Biden and Boris Johnson go after Vladimir Putin to dismantle his war against Ukraine
The world leaders had already placed a series of sanctions on the Russian federation before the tensions were released, producing the strong military blow to the Ukrainian territory.
Vladimir Putin's unprovoked attack will take a heavy toll on his entire economy, and it's not just the UK and the US that are showing the weight of their rage against Russia.
Many countries present multiple sanctions against the financing of an armed war and the actions taken are intended to be permanent. In this article find out what are the strong sanctions packages against Russia.
Biden: “Putin chose war. Now he and his country are going to suffer the consequences."
At a press conference, the president of the United States, Joe Biden, gives statements about the start of the special military operation this Thursday, February 24, showing himself scathing about Russia's decision from the beginning.
Biden calls Vladimir Putin an “aggressor” and argues that his war immediately imposes a great long-term cost; the main plan is to limit Russia from doing business in dollars, euros, pounds or yen.
The US president also admitted that he was in ongoing talks with the G7 (Forum of the 7 most industrialized economies), where the participants are the United Kingdom, Canada, Italy, France, Germany, Japan and the United States.
This to further unbalance the collection of international assets by the Russian federation. Not only staying on one side of the field, Biden also hopes the sanctions will hurt its space system.
Economic measures against Russia by the United States
No financial or strategic institution can benefit from the reach, reliability and security of the US financial system, for any reason.
Half of technology imports to Russia will be restricted. It seeks to prevent the modernization of the Russian Federation.
Sberbank (One of the largest Russian financial institutions). All of its correspondent and payment accounts will be closed in the United States.
Sberbank will not be able to be accepted in any territory outside of Russia. Its international transactions will be intervened and frozen.
Blocking of monetary institutions such as: Sovcombank, Otkritie and Novikombank.
Financial sanctions against a specific group of the Russian elite and the CEO of the Rosnef oil company.
Despite all the disengagement that is wanted to be implemented for Vladimir Putin, most of these sanctions will take effect in a month. Which seems to take too long for a situation that calls for immediate action.
Johnson: "Putin has blood on his hands that he will never be able to clean"
The British Prime Minister has called Vladimir Putin "Dictator", in addition, he also expressed his idea that his Russian opponent will never be able to wash his hands full of Ukrainian blood.
Boris Johnson does not want to maintain any financial relationship with the Russian flag, this he has made very clear after speaking about his serious measures that he has classified as "sanctions never seen before" for Russia.
His decisions, which seek to cut Russia out of the British economy, will be a resounding blow. Vladimir Putin's dirty hands will be tied by losing Europe's largest economy, namely the UK.
Similarly, the British foreign secretary, Liz Truss, states that: "measures will be taken until the Russian economy is severely damaged"
He also expressed that Britain is working hand in hand with its allies to remove Russia from the SWIFT System. Which would disable Russia from making banking transactions to other nations.
This also supports what was mentioned by Joe Biden: "no dollars, euros, pounds or yens for Russia."
The economic measures against Russia by the United Kingdom
Debarment and freezing of Russian assets on British soil. Giving more weight to one of the most important Russian banks, the VTB. This entity will practically be vetoed.
Restrictions on "rich Russians" in UK banks.
No Russian company can obtain financing from the British market. It is strictly prohibited, and penalized if it is done.
Stopped any operation of the Russian flag carrier "Aeroflot" in the sky of the United Kingdom.
Despite these measures, most political entities urge Great Britain to carry out much more severe sanctions with immediate effect on Russia, since they consider that those provided by Johnson are not enough.
Other countries provide financial sanctions affecting the Russian Federation
One of those who does not seem satisfied with Boris Johnson's contribution is the president of the Czech Republic, who promulgated in his statements that he should have already disconnected Russia from the SWIFT system.
For its part, Canada cancels all export permits and imposes its own financial sanctions to distance its market from Russian entities. In addition to the fact that its transport ministry prohibits its planes in the territories of Ukraine, Russia and Belarus.
Australia also imposes its respective financial sanctions, and this nation cooperates with NATO to deliver non-lethal military equipment and medical supplies.
While the Danish embassy in Russia temporarily closes, and the political entities of this country quickly leave Russian territory.
Volodymyr Zelensky: "I see they see it, but they don't know what to do with it"
The president of Ukraine asks for more sanctions from the countries of Europe, much stronger and more decisive to stop the war that Vladimir Putin started. Among those that fall: the cancellation of the Russian visa.
In the same way, it also calls for the total disconnection of Russia from the SWIFT system, total isolation, closure of the skies, withdrawal of ambassadors, and an oil embargo.
In their latest statements, they helplessly affirm that they are seeing the same weapons that were seen in the Second World War, at that time when “Never again” was said. Well, now it is happening and he feels that Europe does not know what to do, again, with this scenario.
“It is not just an invasion, it is the beginning of a war against Europe”- Volodymyr Zelensky
Ukraine this morning again asked Russia to talk so that there would be no more deaths. To which President Vladimir Putin said yes, but sending the president of Belarus.
Zelensky made this decision because the Russian forces are already inside the Ukrainian capital, while they also have the Chernobyl plant as a shield.
The media affirm that the radiation in the last few hours has increased and the concern that this affects the environment will not be stopped by economic sanctions from Europe or the United States.
