US sanctions on Russia on war anniversary

The White House shared an informative note on the sanctions that will be applied to Russia and the aid to Ukraine in the framework of the anniversary of the Russia-Ukraine war.

In the briefing note, which indicated that comprehensive sanctions will be applied to key sectors of Russia due to the war, it was reported that sanctions will be applied to more than 200 individuals and institutions, including Russian and third-country actors in Europe, Asia and the Middle East. , who support Russia.

CUSTOMS TARGETS TO BE INCREASED FOR RUSSIAN METAL, MINERAL AND CHEMICAL PRODUCTS

In the memo, which also states that US President Joe Biden will sign an executive order to increase customs duties on some Russian goods imported into the US from Russia.

At the briefing, it was stated that tariffs will be increased on more than 100 Russian metals, minerals and chemical products worth approximately $2.8 billion.

The briefing note noted that the costs of smelting or smelting aluminum in Russia will increase significantly, and that the costs of entering the US market will increase significantly, and that the US will continue to work with its allies and partners to utilize all the economic tools at their disposal to make Russia’s economy worse.

SANCTIONS IN ENERGY AND TRADE

In the briefing note, it was stated that, in addition to Russian financial institutions, Russian officials operating illegally in Ukraine will also be targeted.

In the memorandum, which states that the sanctions will also apply to players related to Russia’s technology and defense industry, it was noted that Russia’s future energy capacities will also be addressed in a way that does not affect current production to minimize the disruptions in the market.

In the information note, it was indicated that the Ministry of Commerce will also take measures to restrict exports to Russia. In this context, it has been reported that 90 Russian and third-country companies, including China, will be blacklisted on the grounds that they try to avoid sanctions to support Russia, and these companies will be prohibited from purchasing semiconductors regardless of whether they use American software or not.

In this context, it was stated that a series of measures will be taken to prevent Iranian-made drones from entering battlefields in Ukraine.

In the information note, which indicates that the G7 leaders will meet today to impose new sanctions on Russia, it was shared that an “Implementation Coordination Mechanism” will be established, which will be chaired by the US in the first year on sanctions monitoring At today’s meeting, it was stated that new commitments on economic pressure measures against Russia’s energy, mining, financial, defense and industrial sectors will also be voted on.

ADDITIONAL HELP TO UKRAINE

In addition, thanks to the support of both parties in Congress, it was noted that $9.9 billion in financing began to be delivered to Ukraine this week to address health, education and urgent needs. It was indicated that the budget support in question would be done through the relevant mechanism of the World Bank.

In the memorandum, which indicates that the G7 increased its commitment of economic support to Ukraine to $39 billion by 2023, it was noted that the G7 leaders have instructed finance ministers to continue working with the IMF and other institutions to provide economic support to Ukraine.

In the briefing note, it was also reported that electricity transmission network equipment will be sent to Ukraine in March, where Russia damaged its energy infrastructure with its attacks. In the memo, which reported that the Biden administration plans to provide additional emergency energy assistance of up to $250 million in this context, it was noted that emergency energy assistance of up to $300 million is planned for Moldova.

INVESTIGATIONS WILL BE SUPPORTED TO RUSSIA

The report noted that the United States will continue to support “a number of investigations into Russian atrocities,” including those conducted by the UN, the Organization for Security and Cooperation in Europe, and the Ukrainian Attorney General’s Office.

In the note, it was also shared that Foreign Minister Antony Blinken will reaffirm US support for Ukraine at the UN Security Council ministerial meeting on “Preserving Peace and Security in Ukraine” which will take place today.