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UK, US, and Canada Increase Pressure in Sanctioning Against Russia

Translated by: MOS Education Team – Wintermfall On this February 25th, the U.S. Treasury department said that the US imposed sanctions on President of Russia Vladimir Putin, Foreign Minister Sergei Lavrov, Defense Minister of Sergei Shoigu and Chief of General Staff Valery Gerasimov. United States……

Translated by: MOS Education Team – Wintermfall

On this February 25th, the U.S. Treasury department said that the US imposed sanctions on President of Russia Vladimir Putin, Foreign Minister Sergei Lavrov, Defense Minister of Sergei Shoigu and Chief of General Staff Valery Gerasimov.

United States Secretary of the Treasury stated that Russia will pay a severe economic and diplomatic price for its further invasion of Ukraine. On this Friday a White House spokesperson also said that the Treasury Department will impose “full blocking sanctions” on state-owned Russian Direct Investment Fund.

On the same day, the UK imposed sanctions to freeze the assets of Russia’s President Vladimir Putin and Foreign Minister Sergei Lavrov. The frozen Russian companies and individuals will not be allowed to enter the UK and conduct any financial and commercial activities with the UK, including currency settlements and imports and exports.

In addition, Canada’s Prime Minister Justin Trudeau announced that the government supports the removal of Russia from the Society for Worldwide Interbank Financial Telecommunication (SWIFT), as punishment for Russia’s blatant armed aggression against Ukraine. He believed that this move can cause more damage to Russia’s economy than the sanctions and said that Canada is in dialogue with European allies on relative issues, who are carefully considering the proposal.

Sources:

https://www.reuters.com/world/europe/uk-imposes-asset-freeze-russias-putin-lavrov-2022-02-25/

https://www.reuters.com/world/us-impose-blocking-sanctions-state-owned-russia-direct-investment-fund-2022-02-25/

https://www.gov.uk/government/news/uk-government-sanctions-vladimir-putin-and-sergey-lavrov

https://ec.ltn.com.tw/article/breakingnews/3842000

GNEWS

Proofread / Edited by: Peaceforever G.
Chief Editor: RD R.
Posted by: Emily G

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