Sanctions Archives

As Sanctions Against Russia Ramp Up, US Blocks Central Bank

28Feb

By Patti MohrNo Comments

Finance, Currency, Debt, National Budgets & Interest Rates, Global Economics, Globalization, Disintegration, Nationalism, Populism, Sanctions, Types of News: Brief

As Sanctions Against Russia Ramp Up, US Blocks Central Bank

The Russian Ruble fell Monday to its lowest level on record. February 28, 2022--The United States added Russia's central bank to its list of targeted sanctions against that country's war on Ukraine. As a result, Americans are barred from doing any business, such as purchasing bonds, with Russia's central bank. The block on the secondary market for ruble or non-ruble denominated bonds for U.S. investors goes into effect immediately. Furthermore, the U.S. Treasury imposed sanctions on Russia's National Wealth Fund, its Ministry of Finance, and the Russian Direct Investment Fund, its CEO and two of its subsidiaries. Global Sanctions in Action Banks around the world started implementing sanctions imposed not only by the United States, but also the European Union, United Kingdom, Ca...

United Nations Holds An Emergency Special Session

28Feb

By Patti MohrNo Comments

Diplomacy and International Law, Legal Battles, International Law, Justice, Organizations, IMF, WTO, G7, UN Security Council, Sanctions, Types of News: Brief, Types of News: Videos

United Nations Holds An Emergency Special Session

https://www.youtube.com/watch?v=9CdY7t5VKIY February 28, 2022--In only the 11th time in its history, the United Nations is holding an emergency special session in its 193-member General Assembly today. It comes on the fifth day of Russia's war on Ukraine. Members are not only discussing Ukraine's territorial integrity and Russia's breach of that, they are meeting to uphold the UN Charter. As a result of the emergency session, 141 countries voted to condemn Russia’s military assault on Ukraine, uphold the UN charter and call for an immediate end to the bloodshed. Read more: In An Emergency Session, 141 Nations Condemn Russia's Military Actions in Ukraine.

South Korea Joins G7 Countries In Condemning Russian Invasion

25Feb

By Patti MohrNo Comments

Diplomacy and International Law, Sanctions, Types of News: Brief

South Korea Joins G7 Countries In Condemning Russian Invasion

February 25, 2022--South Korea's Foreign Ministry today condemned Russia's armed invasion of Ukraine and promised to respond with economic sanctions against Russia. Up until today, the country stopped short of outright condemning the actions even while voicing support for Ukraine's territorial integrity. "As a responsible member of the international community, the Korean government will support and join the international community’s efforts, including economic sanctions, to curb armed invasion and resolve the situation peacefully," the South Korean Foreign Ministry said today in a press release. Previously, South Korean Spokesperson Choi Youngsam had expressed "serious concern" and directed people to a Feb. 22 statement in which the ministry urged the parties "to continue to seek a p...

G7 Countries Coordinate Actions Against Russian War

24Feb

By Patti MohrNo Comments

Diplomacy and International Law, Sanctions, Types of News: Brief

G7 Countries Coordinate Actions Against Russian War

UK, US Intensify Sanctions Against Russian Entities Feb. 24, 2022--Leaders of the G7 countries held an emergency meeting today in response to Russia's attack on Ukraine. The members include the United Kingdom, the United States, Canada, Japan, Germany, France and Italy. They along with the European Union coordinated plans to accelerate financial penalties and restrictions against Russia. In no uncertain terms in their statement, the leaders condemned Russia's war on Ukraine as well as participation by Belarus: "We the Leaders of the Group of Seven (G7) are appalled by and condemn the large-scale military aggression by the Russian Federation against the territorial integrity, sovereignty and independence of Ukraine, directed partly from Belarusian soil," the leaders said. "This...

International Community Responds to Russia’s Breach of Ukraine’s Borders

23Feb

By Patti MohrNo Comments

Diplomacy and International Law, Legal Battles, International Law, Justice, Sanctions, Types of News: Brief

International Community Responds to Russia’s Breach of Ukraine’s Borders

February 23, 2022—The international community rallied support for Ukraine and joined the United States in issuing new sanctions against Russia. It comes after Russian President Vladimir Putin ordered his troops into rebel-held regions of eastern Ukraine after recognizing them as independent states. Today, leaders from Poland and Lithuania stood by the side of Ukrainian President Volodymyr Zelenskyy in a news conference as he asked for an "immediate and harsh" response by the international community. And respond, they did. The European Union, the United Kingdom, Japan, Australia and Canada announced new sanctions against Russia. This follows yesterday's announcement by U.S. President Joe Biden about the "first tranche of sanctions." In some cases, like those in the United Kingdo...

Biden Announces New Sanctions Against Russia

22Feb

By Patti MohrNo Comments

Legal Battles, International Law, Justice, Sanctions

Biden Announces New Sanctions Against Russia

Biden Says U.S. Allies Are 'United in Support of Ukraine' February 22, 2022--President Joe Biden announced new sanctions against Russia, two Russian banks and individuals today in the wake of Russia's breach of Ukraine's borders. Biden said the new sanctions go that "far beyond" those enacted in 2014. This comes in response to Russian President Vladimir Putin's recognition of two Ukrainian regions as independent and Russia's invasion of Ukraine. New 'First Tranche' of Sanctions The new U.S. sanctions apply to: Two state-owned financial institutions, VEB and PSB, which support Russia’s defense capability and its economy.Russian elites, including Denis Aleksandrovich Bortnikov, a Russian official and an executive at VTB Bank, Petr Mikhailovich Fradkov, chairman and CEO of PSB ...

US, Japan And South Korea Issue Statement For ‘Free And Open Indo-Pacific’

14Feb

By Jacob DavenportNo Comments

Diplomacy and International Law, Foreign Aid, International Development, Legal Battles, International Law, Justice, Sanctions, Types of News: Brief

US, Japan And South Korea Issue Statement For ‘Free And Open Indo-Pacific’

Leaders Condemn Missile Launches By DPRK February 14, 2022--Meeting in Honolulu, Hawaii on Saturday, the top diplomats for the United States, Japan, and South Korea released a joint statement promising to collaborate on an Indo-Pacific strategy. The statement comes after North Korea (DPRK) launched nine ballistic missiles in the month of January, challenging the Biden Administration. U.S. Strategy for the Indo-Pacific In response to that and other diplomatic challenges, namely by China, President Joe Biden released a new strategy this month for the Indo-Pacific region. The strategy suggests the United States is stepping up its diplomacy, foreign assistance and participation in regional organizations to counter China's growing influence in the East and South China Seas. U.S....

Time Is Running Thin On Iran Deal, Negotiators Say

23Dec

By Ramsha ZubairiNo Comments

Diplomacy and International Law, Middle East, Sanctions, Types of News: Analysis

Time Is Running Thin On Iran Deal, Negotiators Say

Nuclear Inspectors Are To Partially Resume Monitoring Of Sites Editor's Note: Diplomats representing Germany and the five permanent members of the UN Security Council are working with Iranian representatives to restore the Iranian nuclear deal (JCPOA). The talks first started in 2019. They continued this year. Now diplomats involved say the next few weeks are critical make-it-or-break-it time. Iran is getting closer to building a nuclear weapon. Iran, meanwhile, is asking the United States to waive nuclear-related sanctions and add oil to the list of products that the country can trade. Journalist Ramsha Zubairi reports on recent developments. December 23, 2021--Talks to restore Iran’s 2015 nuclear deal with world powers in Vienna came to a halt on Friday. Today, they are officia...

Timeline of Nuclear-Related Talks With Iran

22Dec

By Patti MohrNo Comments

Diplomacy and International Law, Organizations, IMF, WTO, G7, UN Security Council, Sanctions, Types of News: Infographic

Timeline of Nuclear-Related Talks With Iran

Here's a visual depiction of the talks hosted by the IAEA to prevent Iran from building nuclear weapons. Included are decisions about sanctions by the United States and the UN Security Council. timeline_iran_talks_vienna_nuclear_and_sanctionsDownload This content is supported by affiliate marketing. The GER chooses our partners carefully. Please consider purchasing products from our advertising partners. To support our work, please make sure your browser enables cookies for tracking.

U.S.-Russia To Continue Talks On Sensitive Strategic Issues, Biden Says

8Dec

By Patti MohrNo Comments

Diplomacy and International Law, Geopolitics, Sanctions, Types of News: Brief

U.S.-Russia To Continue Talks On Sensitive Strategic Issues, Biden Says

NATO Is At The Heart Of Most Sensitive Concerns December 8, 2021--In a virtual meeting held Tuesday, U.S. President Joe Biden and Russian President Vladimir Putin discussed the rocky relationship between the two countries as well as other sensitive and strategic issues. Speaking with reporters today, Biden said U.S.-Russian teams are in "constant contact" to bring "down the temperature along the eastern front." Talks are likely to continue, Biden said, to address Russia's concern regarding the NATO alliance's expansionary aims. Ukraine, NATO & Russia Ukraine -- a country located between Europe and Russia and divided between the East and West -- is at the center of attention. In recent weeks, Russia amassed troops along the Russian-Ukrainian border. Biden said he made cl...