World Desk, AnyTV, Washington
Published by: Harendra Chaudhary
Updated Tue, 22 Feb 2022 05:43 PM IST
Summary
White House officials told media persons that President Joe Biden’s administration had already prepared a package of sanctions to be imposed on Russia. It deliberately included the idea of blocking the transactions of major Russian banks. The purpose of the Biden administration is to hurt the Russian economy…
The sanctions imposed on Russia in protest against Ukraine’s decision to recognize two separatist republics could have a very bad long-term impact on the Russian banking system. The main purpose of these US sanctions is to strangle the Russian banking system. In addition, the new sanctions will have a direct impact on many Russian companies and individuals. According to America’s plan, the assets of these companies and individuals abroad will be confiscated. They will also be barred from using dollars in international transactions.
Ban package was already ready
White House officials told media persons that President Joe Biden’s administration had already prepared a package of sanctions to be imposed on Russia. It deliberately included the idea of blocking the transactions of major Russian banks. The purpose of the Biden administration is to hurt the Russian economy. That is why plans were made to exclude it from international trade networks and international transactions in dollars.
Russian President Vladimir Putin on Monday night announced the recognition of Ukraine’s separatist republics. According to a news agency, the blueprint of sanctions prepared before that included a specific target of Russian big banks – Sberbank, Gazprom Bank and VTB. In addition, it was decided to include persons with close ties to the Kremlin (Russian presidential office) and Russian businessmen.
It is said that the European Union (EU) has also planned its sanctions on American lines. According to German TV channel ARD, the purpose of the EU sanctions is to completely isolate Russia from international financial markets. It also includes the objective of bringing to a complete halt the process of modernization of the Russian economy.
Donetsk and Luhansk come in the Donbass area
Russia has recognized the Donetsk and Luhansk regions of Ukraine as separate countries. Both these republics come under the Donbas region. It is said that he practically broke away from Ukraine only in 2014, when power was overthrown in Ukraine. Since then both these republics were getting help from Russia. But till now Russia had not given them formal recognition.
Western countries allege that Russia started deploying troops near the Donbass border from last November only to formally separate these two regions from Ukraine. It is said that at present there are about 1.5 lakh Russian soldiers stationed there. In view of this, America and the European Union were constantly warning Russia. He said that if Russia sent its army to the area, it would be cut off from the international financial system.
It is said that after recognizing both the separatist republics on Monday night, Russia has also sent its army to that area. With this the situation of banning him has taken a concrete form.
Expansion
The sanctions imposed on Russia in protest against Ukraine’s decision to recognize two separatist republics could have a very bad long-term impact on the Russian banking system. The main purpose of these US sanctions is to strangle the Russian banking system. In addition, the new sanctions will have a direct impact on many Russian companies and individuals. According to America’s plan, the assets of these companies and individuals abroad will be confiscated. They will also be barred from using dollars in international transactions.
Ban package was already ready
White House officials told media persons that President Joe Biden’s administration had already prepared a package of sanctions to be imposed on Russia. It deliberately included the idea of blocking the transactions of major Russian banks. The purpose of the Biden administration is to hurt the Russian economy. That is why plans were made to exclude it from international trade networks and international transactions in dollars.
Russian President Vladimir Putin on Monday night announced the recognition of Ukraine’s separatist republics. According to a news agency, the blueprint of sanctions prepared before that included a specific target of Russian big banks – Sberbank, Gazprom Bank and VTB. In addition, it was decided to include persons with close ties to the Kremlin (Russian presidential office) and Russian businessmen.
It is said that the European Union (EU) has also planned its sanctions on American lines. According to German TV channel ARD, the purpose of the EU sanctions is to completely isolate Russia from international financial markets. It also includes the objective of bringing to a complete halt the process of modernization of the Russian economy.
Donetsk and Luhansk come in the Donbass area
Russia has recognized the Donetsk and Luhansk regions of Ukraine as separate countries. Both these republics come under the Donbas region. It is said that he practically broke away from Ukraine only in 2014, when power was overthrown in Ukraine. Since then both these republics were getting help from Russia. But till now Russia had not given them formal recognition.
Western countries allege that Russia started deploying troops near the Donbass border from last November only to formally separate these two regions from Ukraine. It is said that at present there are about 1.5 lakh Russian soldiers stationed there. In view of this, America and the European Union were constantly warning Russia. He said that if Russia sent its army to the area, it would be cut off from the international financial system.
It is said that after recognizing both the separatist republics on Monday night, Russia has also sent its army to that area. With this the situation of banning him has taken a concrete form.