According to internal Treasury Department data, Deputy Treasury Secretary Wally Adeyemo told Reuters that the flow of Russian money to third-party countries long suspected of assisting Russia's sanctions circumvention has decreased since the order was signed.
Russia imported “high-priority” banned goods worth 450 million euros ($488 million) originating in EU countries in the first nine months of 2023, a quarter of which came directly from Europe, Bloomberg reported on Feb. 26, citing unnamed officials familiar with the matter. Despite extensive Western sanctions aimed at cutting...
I know North Korea isn't on much of anybody's mind right now but this article on their ability to leverage Russia's invasion of Ukraine to put themselves in a much stronger position vis-à-vis sanctions is worthy of consideration.
Sanctions and North Korea: The Good Old Days Are Gone for Good
By: Joseph DeThomas
February 22, 2024
It’s Time to Dismantle the US Sanctions-Industrial Complex
The US has built up an elaborate machinery for waging economic warfare on its rivals with little or no public debate. This sanctions-industrial complex is a disguised form of imperialism and a dangerous source of global instability.
Today, we had a largish raid group of 11+ to take on an #OriginFormePalkia in - it turned out to be a good raid.
Just for fun, my strongest ditto was backing up my mega salamence who was in #1 position. Turns out that the ditto's shapeshift did not cancel out my salamance's mega form which was a happy surprise 😁
Journalists pointed out that the #RussianEconomy is experiencing growth despite #sanctions. Sikorski noted that this is due to their economy's transition to a #wartime footing. "When we begin to make, say, a larger number of missiles instead of cars, our #GDP escalates, but the country's wealth contracts." #Ukraine
The Irish government allows a motion to pass in Parliament calling for sanctions on Israel, a ban on settlement trade, recognition of Palestinian statehood and dismantling the system of apartheid.
"The Commerce Department said some of the companies were added for their roles in diverting controlled microelectronics to Russia’s military and intelligence authorities."
"While the sanctions are officially linked to Navalny's death, they're really targeted at Russia's war machine. The roughly 500 individuals and entities listed for sanctions include firms involved in importing Iranian drones and in domestic weapons manufacturing. In a statement, Treasury said the sanctions would advance its 'campaign to disrupt and degrade Russia's military-industrial base.'" #Russia#sanctions
#POTUS Joe #Biden on Fri announced >500
new #sanctions on #Russia & its #war machine in the largest tranche of penalties since Moscow’s invasion of #Ukraine nearly 2 yrs ago.
Biden followed through on a promise to further punish #Putin 1 wk after opposition leader #AlexeiNavalny died in a Siberian prison. The sanctions — as well as those added Fri by the #EU — come 1 day before the 2nd anniversary of Putin’s invasion of Ukraine.
“The #American people & people around the #world understand that the stakes of this fight extend far beyond #Ukraine,” #Biden said in a statement announcing the #sanctions. “If #Putin does not pay the price for his death & destruction, he will keep going. And the costs to the #UnitedStates — along w/ our #NATO#Allies & partners in #Europe & around the world — will rise.”
The bulk of the #sanctions, to be unveiled later Fri by the #Treasury Dept, were already in the works for the #invasion anniversary, though a few were added this week to target those involved in #Navalny’s death [#murder / #assassination ] at an Arctic penal colony. #Biden met Thurs w/ #YuliaNavalnaya, Navalny’s widow, & daughter in SF & praised her late husband’s bravery.
Russia-Ukraine war at a glance: what we know on day 729
US prepares to unveil hundreds of sanctions against Russian ‘war machine’; Zelenskiy tells US conservatives that sending aid now is cheaper than confronting Putin again later
#DOJ ofcls announced the arrests of 2 “facilitators” of 1 sanctioned #RussianOligarch, while also moving to #seize 2 luxury condos in Miami held by another Russian oligarch already under #UnitedStates#sanctions. The DOJ also filed a separate #indictment against an ofcl in connection w/an alleged scheme to operate a luxury yacht owned by a sanctioned Russian oligarch, & it highlighted a #guilty plea related to #MoneyLaundering on behalf of other sanctioned #Russian entities.
The flurry of #legal actions come as the #UnitedStates looks for ways to respond to #Putin over the sudden death last week of Russian opposition leader #AlexeiNavalny in an Arctic prison colony. WH ofcls said earlier this week that the admin will release new #sanctions against #Russia over #Navalny’s death, although it is unclear how effective these financial penalties could prove. The US has targeted Russia’s economy w/economic penalties over the #war in #Ukraine for ~2 yrs….
The package targets more than 50 individuals and companies that help support Russia's war machine by providing military equipment and revenue for the Russian state.
This would be a violation of the #1967outerspacetreaty Outer Space Treaty, to which Russia is a signatory reports #Bloomberg citing sources familiar with the issue.
#EU approves it’s 13th sanctions package and "one of the broadest" against #Russian so far. This will add almost 200 entities and individuals to #sanctions lists.
The #US plans to announce it's own package of sanctions after the death of Russian opposition leader Alexei #Navalny
This comes shortly after the EU proposed to include similar measures in its 13th sanctions package, making it the first time the European bloc has directly targeted entities in mainland China.
"As long as the Russian Federation's illegal actions continue to violate the prohibition on the use of force, which is a serious breach of international law, it is appropriate to maintain in force all the measures currently imposed by the Union and to take additional measures, if necessary," the Council's announcement read.
According to Szijjarto, Budapest will not obstruct the approval, as all elements of the sanctions package that "harmed Hungarian interests have been removed” and the updated package does not "affect the basic economic interests” of his country.
US Treasury says threat to sanction 3rd-country banks has impacted Russian funding flows (kyivindependent.com)
According to internal Treasury Department data, Deputy Treasury Secretary Wally Adeyemo told Reuters that the flow of Russian money to third-party countries long suspected of assisting Russia's sanctions circumvention has decreased since the order was signed.
Bloomberg: At least $488 million in sanctioned goods entered Russia from EU in 2023 (kyivindependent.com)
Russia imported “high-priority” banned goods worth 450 million euros ($488 million) originating in EU countries in the first nine months of 2023, a quarter of which came directly from Europe, Bloomberg reported on Feb. 26, citing unnamed officials familiar with the matter. Despite extensive Western sanctions aimed at cutting...
US to impose sanctions on 500 Russia-linked targets to mark Ukraine war anniversary (www.theguardian.com)
Military industrial complex and companies aiding Moscow in third countries will be targeted, treasury says
UK announces new Russia sanctions ahead of 2-year anniversary of full-scale war (kyivindependent.com)
The package targets more than 50 individuals and companies that help support Russia's war machine by providing military equipment and revenue for the Russian state.
US to unveil major Russia sanctions in wake of Alexei Navalny death (www.theguardian.com)
Joe Biden declines to give details but says sanctions will coincide with second anniversary of Vladimir Putin’s invasion of Ukraine
US mulls sanctioning Chinese companies over aiding Russia's war (kyivindependent.com)
This comes shortly after the EU proposed to include similar measures in its 13th sanctions package, making it the first time the European bloc has directly targeted entities in mainland China.
EU extends sanctions against Russia over occupation of Ukrainian regions until February 2025 (kyivindependent.com)
"As long as the Russian Federation's illegal actions continue to violate the prohibition on the use of force, which is a serious breach of international law, it is appropriate to maintain in force all the measures currently imposed by the Union and to take additional measures, if necessary," the Council's announcement read.
Foreign minister: Hungary won’t block new EU sanctions package against Russia (kyivindependent.com)
According to Szijjarto, Budapest will not obstruct the approval, as all elements of the sanctions package that "harmed Hungarian interests have been removed” and the updated package does not "affect the basic economic interests” of his country.