Robert Besser
10 May 2022, 21:05 GMT+10
WASHINGTON D.C.: To punish Moscow for its invasion of Ukraine, the U.S. has announced new sanctions against three Russian television stations and executives from Gazprombank, and banned Americans from providing accounting and consulting services to Russian businesses.
The new sanctions are part of the latest efforts to increase pressure on Russian President Vladimir Putin, and came as President Joe Biden met virtually with G7 leaders and Ukrainian President Volodymyr Zelensky to discuss the war.
As the U.S. and its allies have avoided disruptions to gas supplies to Europe, Russia's main customer, the sanctions against Gazprombank executives were the first against a major Russian gas exporter.
Meanwhile, a senior Biden administration official told reporters, "This is not a full block. We are not freezing the assets of Gazprombank or prohibiting any transactions with Gazprombank. What we are signaling is that Gazprombank is not a safe haven."
Eight executives from Sberbank, which holds one-third of Russia's banking assets, were added to the sanctions list, along with Moscow Industrial Bank and its ten subsidiaries.
The new export control restrictions, including restrictions on exports of industrial engines, bulldozers, wood products, motors and fans, aim to degrade Putin's Ukraine war.
The EU is moving in tandem with additional controls on chemicals that feed directly into the Russian military effort, the official added.
According to Russia, its actions in Ukraine are a "special military operation" not intended to occupy territory, but to destroy Ukraine's military capabilities.
In response, Ukraine and its allies have repeated that Russia launched an unprovoked war.
Weapons maker Limited Liability Company Promtekhnologiya was also sanctioned, along with seven shipping companies and a marine towing company.
The Nuclear Regulatory Commission is also suspending licenses for exporting special nuclear material to Russia, the White House said, adding that the sanctioned television stations are directly or indirectly state-controlled and include Joint Stock Company Channel One Russia, Television Station Russia-1, and Joint Stock Company NTV Broadcasting Company.
While providing legal services is still allowed, Americans will be prohibited from offering accounting, trust and corporate formation, and management consulting services to Russians.
Get a daily dose of Japan Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Japan Herald.
More InformationBEIJING, China: China's Green Valley Pharmaceutical company has prematurely ended an FDA approved study on its GV-971 to treat mild ...
HONG KONG: Hong Kong chief administrator Carrie Lam has said that 'Chinese patriots' are now in charge of the city ...
Beijing [China], May 17 (ANI): China's infamous Zero-COVID policy has gained eyeballs for all the wrong reasons and amid this ...
Beijing [China], May 17 (ANI): Regardless of Chinese President Xi Jinping's staunch support that he once showed for President Vladimir ...
T1 CEO Joe Marsh said Monday that the organization would remain based in North America after a recent Valorant trade ...
Washington [US], May 17 (ANI): International Campaign for Tibet on Monday said that US Special Coordinator for Tibetan Issues Uzra ...
KATHMANDU, Nepal - The governments of Nepal and India have signed a bilateral memorandum of understanding for the construction of ...
LOS ANGELES, California: Kia has become the second largest manufacturer of electric vehicles sold in the United States, second only ...
NEW YORK, New York - Weak economic news out of China undermined stocks on Wall Street on Monday. The major ...
ATLANTA, Georgia: Mercedes-Benz USA has requested drivers to stop driving some of their autos immediately due to braking problems.The announcement ...
KARACHI, Pakistan - The U.S. dollar climbed past Rs194 in the interbank market in Pakistan on Monday as analysts expressed ...
ROME, Italy: Italy has announced plans to sell state-owned ITA Airways, the successor to Alitalia, by the end of June, ...