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American slaps new Penalties on Russia targets officials and oligarchs

by Ayaz Ahmet
July 3, 2023
in World
2 min read
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Biden administration on Thursday released raft of new Sanctions are intended to punish Russia for that it invasion of Ukraine, with Targets include several yachts associated with Russian President Vladimir Putin, a yacht broker and a cellist. says acting as a mediator for Russian leader.

The United States and other western countries countries Unprecedented penalties have been imposed on Russia economy Since February 24 invasionincluding the center of the country bank pioneer financial institutions.

in his state of Union address in March, Biden said the United States would work To seize luxury yachts, apartments and private Planes of Wealthy Russians with Relations with Putin.

The US Treasury has identified two ships, the Russian-flagged Graceful and the Cayman Islands-flagged Olympia, as property in Putin cares about. Russian President, who He was blacklisted the next day on February 24 invasion of Ukraine made several trips on yachts including one in Black Sea with Belarusian President Alexander Lukashenko last year, the Treasury said.

He. She also It identified two other yachts it said were used by Putin and owned by a Russian company subject to sanctions.

Cabinet also It targeted Imperial Yachts, a brokerage based on in Monaco that allows Mega yacht owners, including Russian oligarchs, rent out their boats when they aren’t using Plus an airline said it was involved in Scheme to convert aircraft to offshore company to avoid Penalties.

Biden administration also added Sergey Roldugin, cellist and conductor already under EU sanctions for His connections to Putin, her list of Sanctioned individuals. The system froze him to the United States assets The United States has banned people of dealing with they.

Ministry of Foreign Affairs also To impose sanctions on Five members and members of the Russian oligarch of The country’s elite, including the spokesperson for Russian Ministry of Foreign Affairs, Maria Zakharova.

Putin sent his troops over the border on what he calls a special military proces on February 24 to disarm and “discredit” Ukraine. Ukraine and its allies call This is a baseless excuse for war of aggression.

Russia on Thursday also warned that European consumers will be first Suffering after Brussels imposed partial embargo on Russian oil over Ukraine.

“K result of These decisions “European consumers will suffer above all,” Russian Deputy Prime Minister Alexander Novak said. in televised statements, adding that there may bebig impotence” of oil products in European Union.

On Monday, the European Union approved the sixth package of Penalties on Moscow that will see the majority of Russian oil stopped, but it excluded supplies by pipelines in Privilege for Hungary.

European Union officials say that new Penalties will see around 90% of Russian oil exports to the European Union stopped at the end of The year.

play novak down Archaeology of which indicates that market will adapt in Around six to eight months.

He said that Russia plans to ramp up the road up Oil production after a drop in March and April.

“In May, we already partially restored He said, “In June, we will see bigger recovery. “

The package considered the most powerful Sanctions taken so far against Moscow after five previous waves of The punishment that shook the Russians economy but failed To stop the Kremlin offensive in Ukraine.

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