In tit for tat, Russia imposes sanctions on US President Joe Biden, high govt officers
After the United States hit Russia with various sanctions over its conflict on Ukraine, Moscow has retaliated in sort by imposing private sanctions in opposition to US President Joe Biden, former Secretary of State Hillary Clinton and different high authorities officers.
Russia’s international ministry stated in an announcement that the transfer was in response to a “series of unprecedented sanctions” that embrace barring high Russian authorities officers from coming into the US.
US Secretary of State Anthony Blinken, Secretary of Defense Lloyd Austin and US chairman of the Joint Chiefs of Staff Mark Milley determine amongst these hit by Moscow’s reciprocal measures.
#Russia Imposes Sanctions Against #JoeBiden & Hillary Clinton, Other Top US Officials https://t.co/8DpGaTxEgX
— Sputnik (@SputnikInt) March 15, 2022
In the wake of Russia launching a “special military operation in Kyiv”, the US, the European Union and several other different international locations have introduced a collection of sanctions to cripple the financial and logistic base upon which the Kremlin is constructing the invasion.
READ | West cuts Russian banks out of worldwide funds system SWIFT, imposes monetary penalties on Moscow
WIDE-RANGING US SANCTIONS
Washington, specifically, aimed to hit Moscow the place it damage. Sanctions imposed by the US have had far-reaching penalties on Russian commerce, monetary techniques, army and forex.
The US is banning all Russian oil and fuel imports, which Biden termed because the “the main artery of Russia’s economy”. All Russian flights have been banned from American airspace.
Assets belonging to Putin and his international minister Sergei Lavrov are additionally being frozen.
Moreover, the US has imposed sanctions on tons of of members of the Russian regime, and rich enterprise leaders often called oligarchs, who’re thought of near President Vladimir Putin.
READ | Sanctions ship costs up, companies down and family members out of attain for extraordinary Russian folks
RUSSIA’S RECIPROCAL MEASURES
On the opposite hand, Russia has banned exports of greater than 200 merchandise till the top of 2022. It has stopped international traders who maintain billions of {dollars} price of Russian shares and bonds from promoting them.
Moscow has additionally warned that it might shut off fuel provides in response to grease sanctions.
READ | Why Putin’s oligarchs are beneath hearth amid Russia-Ukraine conflict
WATCH | Western sanctions, boycott by world manufacturers: Russia faces isolation for invasion of Ukraine
