Connect with us

Hi, what are you looking for?

World

US beefs up Russia sanctions over Ukraine conflict

-

The United States on Tuesday imposed a fresh round of trade sanctions on Russia and Ukrainian separatists, toughening the stance just as President Donald Trump was hosting his Ukrainian counterpart Petro Poroshenko.

The new sanctions also followed moves by lawmakers last week to impose new Russia sanctions and prevent the White House from unilaterally easing sanctions on Moscow over alleged interference in the 2016 presidential elections.

The Treasury Department said Tuesday the strengthened sanctions targeted individuals and organizations connected to the continuing conflict in eastern Ukraine and would remain in place until Russia met obligations under peace accords of 2014 and 2015.

"These designations will maintain pressure on Russia to work toward a diplomatic solution," Treasury Secretary Steven Mnuchin said in a statement.

The Treasury Department imposed sanctions on 38 individuals and organizations, including two Russian government officials and 11 others who operate in the annexed Ukrainian region of Crimea.

The move freezes any US-based assets of the individuals and entities, and effectively blocks them from using much of the global banking system.

Among the individuals sanctioned was Petr Jarosh, head of the Russian Federal Migration Service in Crimea and Alexander Babakov, a Russian official liaising with Russian expatriates.

The Treasury also barred Americans from offering new loans of greater than 90 days to 20 subsidiaries of the Russian energy firm Transneft, which already was subject to US sanctions.

The United States on Tuesday imposed a fresh round of trade sanctions on Russia and Ukrainian separatists, toughening the stance just as President Donald Trump was hosting his Ukrainian counterpart Petro Poroshenko.

The new sanctions also followed moves by lawmakers last week to impose new Russia sanctions and prevent the White House from unilaterally easing sanctions on Moscow over alleged interference in the 2016 presidential elections.

The Treasury Department said Tuesday the strengthened sanctions targeted individuals and organizations connected to the continuing conflict in eastern Ukraine and would remain in place until Russia met obligations under peace accords of 2014 and 2015.

“These designations will maintain pressure on Russia to work toward a diplomatic solution,” Treasury Secretary Steven Mnuchin said in a statement.

The Treasury Department imposed sanctions on 38 individuals and organizations, including two Russian government officials and 11 others who operate in the annexed Ukrainian region of Crimea.

The move freezes any US-based assets of the individuals and entities, and effectively blocks them from using much of the global banking system.

Among the individuals sanctioned was Petr Jarosh, head of the Russian Federal Migration Service in Crimea and Alexander Babakov, a Russian official liaising with Russian expatriates.

The Treasury also barred Americans from offering new loans of greater than 90 days to 20 subsidiaries of the Russian energy firm Transneft, which already was subject to US sanctions.

AFP
Written By

With 2,400 staff representing 100 different nationalities, AFP covers the world as a leading global news agency. AFP provides fast, comprehensive and verified coverage of the issues affecting our daily lives.

You may also like:

World

US President Joe Biden delivers remarks after signing legislation authorizing aid for Ukraine, Israel and Taiwan at the White House on April 24, 2024...

World

AfD leaders Alice Weidel and Tino Chrupalla face damaging allegations about an EU parliamentarian's aide accused of spying for China - Copyright AFP Odd...

Business

Meta's growth is due in particular to its sophisticated advertising tools and the success of "Reels" - Copyright AFP SEBASTIEN BOZONJulie JAMMOTFacebook-owner Meta on...

World

Iran's supreme leader Ayatollah Ali Khamenei leads prayers by the coffins of seven Revolutionary Guards killed in an April 1 air strike on the...