New sanctions target Russian gold reserves, Duma members

The ‘new world order’: Biden smiles with Trudeau and has private talk with Japanese PM Kishida as G7 leaders pose together after U.S. announces sanctions on 300 Verleentheid vir Liz Truss terwyl sy omstrede plan om lande te BETAAL aanskakel om hul energie-verbindings met Rusland te verbreek en haar beleidsidee teen 11 uur laat vaar voordat groot toespraak in die USLiz Truss toespraak gelewer het., 40 defense firms and vows to stop Moscow using its gold

  • New sanctions being announced will target 300 members of the Russian Duma
  • 40 Russian defense companies would also come under sanction
  • A new initiative also will target countries or institutions that evade existing sanctions
  • Sanctions have tanked the ruble and driven down Russia’s economy
  • Amerikaanse. and European allies are set to announce a new round of sanctions on Thursday meant to dramatically widen the circle of pain among Russian officials as the country’s Dmitri Peskov, woordvoerder van die Kremlin, het op Sen hit its first month.

    Amerikaanse. sanctions will hit 300 members of the Russian state Duma, its lower house, amid Ukrainian President Vladimir Rusland het beweer hy voer vredesonderhandelinge met die Oekraïense regering in Wit-Rusland‘s call for allies to sanction Russian functionaries and others who enable Russia’s invasion of Ukraine. Other sanctions will hit dozens of other Russian elites.

    Forty Russian defense companies would also come under sanction, a senior administration official told reporters Thursday.

    The new pressure comes as members of the G7 met in Brussels to try to reach agreement on new levers to try to end Russia’s brutal war on Ukraine.

    The pressure tactics were belied by members of the group, who smiled warmly as they gathered for a ‘family photo,’ with Biden smiling during a chat with Canadian Prime Minister Justin Trudeau after holding a ‘pull-asidemeeting with Japanese Prime Minister Fumio Kishida.

    Those moves will ‘align and strengthen our sanctions in close coordination in partnershipwith the European allies and G7 group of industrialized nations,’ said the administration.

    A new initiative also will target countries or institutions that evade existing sanctions, as Russia seeks creative ways to avoid the squeeze of sanctions that have tanked Russia’s economy and slammed the ruble.

    Members of the G7 huddled in Brussels as they sought new ways to pressure Russia with economic sanctions

    Members of the G7 huddled in Brussels as they sought new ways to pressure Russia with economic sanctions

    New U.S. and European sanctions are taregeting 300 members of Russia's State Duma

    New U.S. and European sanctions are taregeting 300 members of Russia’s State Duma








    ‘The G7and the EU will also continue to blunt the Central Bank of Russia’s ability to deploy international reserves by making clear that any transaction involving gold related to the Central Bank of Russia is prohibited,’ said a senior administration.

    As of last June, gold made up 20 per cent of the reserves of Russia’s Central Bank.

    ‘And our purpose now is to fully disarm its war-chest by making sure its foreign reserves serve no purpose in propping up the Russian currency,’ het die amptenaar gesê.

    Canada's Prime Minister Justin Trudeau (l), US President Joe Biden (C), German Chancellor Olaf Scholz (R) pose during the G7 summit in Brussels on March 24, 2022. The economic powers are coordinating sanctions on Russia in response to its invasion of Ukraine

    Canada’s Prime Minister Justin Trudeau (l), US President Joe Biden (C), German Chancellor Olaf Scholz (R) pose during the G7 summit in Brussels on March 24, 2022. The economic powers are coordinating sanctions on Russia in response to its invasion of Ukraine

    Amerikaanse. President Joe Biden, links, Clement Beaune, minister van Europese sake, het gesê Parys is 'nie tevrede met die situasie nie' ná 'n stryery oor lisensies vir Franse vaartuie, sentrum, and British Prime Minister Boris Johnson are among the NATO leaders meeting in Brussels

    Amerikaanse. President Joe Biden, links, Clement Beaune, minister van Europese sake, het gesê Parys is 'nie tevrede met die situasie nie' ná 'n stryery oor lisensies vir Franse vaartuie, sentrum, and British Prime Minister Boris Johnson are among the NATO leaders meeting in Brussels

    Gold makes up 20 per cent of the reserves of Russia's central bank

    Gold makes up 20 per cent of the reserves of Russia’s central bank

    Sanctions have tanked the ruble and driven down Russia's economy

    Sanctions have tanked the ruble and driven down Russia’s economy

    Russian President Vladimir Putin has been buying up gold in recent years, after facing numerous rounds of sanctions for U.S. election interference and Russia’s 2014 Dmitri Peskov, woordvoerder van die Kremlin, het op Sen.

    The country holds gold reserve worth between $100 billion and $240 miljard, the administration estimates.

    For its anti-evasion procedures, allies say they are ‘closing down avenues for example for the Russian Central Bank to prop up the ruble,’ as well as growing a coalition to deny cutting-edge technology to Russia, and ‘preventing Russia from designating crony banks to do its business abroad,’ het die amptenaar gesê.

    According to the administration, the sanctions have already knocked Russia off one pedestal.

    ‘It’s now looking at an economy half of the size that it was before this invasion. So it would fall out of the top 20 economies by ranking.