US and G7 preparing large-scale sanctions for anniversary of Russian invasion

17 February, 11:12 AM
US preparing new sanctions against the Russia (Photo:REUTERS/Jim Bourg)

US preparing new sanctions against the Russia (Photo:REUTERS/Jim Bourg)

The United States, along with the others in the G7 group of leading industrialized nations, will impose a major package of sanctions on Russia on Feb. 24 to mark a year since the Kremlin began its large-scale invasion and war against Ukraine.

U.S. Deputy Secretary of State Victoria Nuland said the new sanctions will be announced before the anniversary of the full-scale invasion, Ukrainian online news website European Pravda reported on Feb. 16.

“I think closer to the 24th you will see a new large package of sanctions both from the United States and all our G7 partners,” Nuland said.

Video of day

“These sanctions will expand and deepen previously imposed restrictions in certain categories, related, in particular, to limiting the flow of technologies and equipment for the Russian defense industry, etc.”

Sanctions are also being prepared against persons involved in supporting the war against Ukraine. Restrictions will also be announced against other countries that help the Russian Federation to circumvent sanctions.

“We’re also going to expand our export controls to cover countries that help Russia,” Nuland said. “We spoke publicly about Iran, North Korea, China. But there are also other countries that are used to circumvent sanctions.”

The president of the European Commission, Ursula von der Leyen, announced on Feb. 15 that the new, 10th package of European Union sanctions against Russia will target goods with a total value of $11 billion. It will consist of trade embargoes and technology controls.

In particular, The EU proposes to limit the export of many electronic components that the Russian Federation uses in weapons systems like drones, missiles and helicopters.

Also, according to von der Leyen, the EU will introduce sanctions against Iranian organizations, in particular those related to the Islamic Revolutionary Guard Corps, because it (the EU) “seeks to stop Tehran’s supply of drones to Russia.”

We’re bringing the voice of Ukraine to the world. Support us with a one-time donation, or become a Patron!

Follow us on Twitter, Facebook and Google News

poster
Ukraine Today
Fresh daily newsletter covering the top headlines and developments in Ukraine
Daily at 9am EST
Show more news
X