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Let's squeeze Russia out of the world economy. What sanctions were imposed by the US and the UK

British Prime Minister Boris Johnson and US President Joe Biden spoke about the new sanctions that are being introduced due to the start of the Russian operation to denazify and demilitarize Ukraine. Who will be affected by the restrictions - in the material.

UK's Relentless Mission

“We will continue our relentless mission to push Russia out of the global economy piecemeal, day and week. And we, of course, will use the position of the UK in every international forum to condemn the attack on Ukraine,” Johnson said, speaking in Parliament.

Thus, the United Kingdom banned Aeroflot flights on its territory, imposed sanctions against Uralvagonzavod, Rostec, Tactical Missiles Corporation and the management of UAC, Sibur, Promsvyazbank and VTB.

“In addition to financial measures, and in full agreement with the United States and the EU, we will introduce new trade restrictions and strict export controls similar to those imposed in the United States. We will introduce new legislation to ban the export of all dual-use goods to Russia, including a range of high-tech and critical process equipment, and components in sectors such as electronics, telecommunications and aerospace. Legislation to implement this will be developed early next week,” the British prime minister said.

He believes that these trade sanctions will limit Moscow's military-industrial and technological potential for years to come.

“Sanctions will also be imposed on Belarus for its role in the attack on Ukraine,” Johnson added.

The British prime minister admitted that Russia could be disconnected from SWIFT.

H4 "Full gap" US / H4 "We introduce sanctions against Russian banks that together control about a trillion dollars. We will cut off the largest Russian bank, which holds more than a third of Russian banking assets, cut off from the American financial system, ”Biden announced in turn.

The restrictions will affect Sberbank, VTB, Otkritie Bank, Novikombank and Sovcombank, as well as 12 subsidiaries of Otkritie and 22 subsidiaries of Sovcombank.

In addition, a ban on the purchase by Americans of new bonds of 13 companies is introduced. Among them are Sberbank, Gazprombank, Rosselkhozbank, Gazprom, Gazpromneft, Transneft, Rostelecom, RusHydro, Alrosa, Sovcomflot, Russian Railways, Alfa-Bank and Moscow Credit Bank.

Re-sanctions are also being introduced against Sergei Ivanov, Special Representative of the President of the Russian Federation for Environmental Protection, Ecology and Transport, Rosneft CEO Igor Sechin, Secretary of the Russian Security Council Nikolai Patrushev and their children.

“I just spoke to the leaders of the G7 and we completely agree. We will limit Russia's ability to do business in dollars, pounds, yen," the American leader added.

According to him, the United States and its allies intend to limit Russia's imports of high-tech products by 50%. Biden expects that this will negatively affect "the ability to modernize (the Russian military industry and damage the aerospace industry, including the space program, damage shipbuilding and hit economic competitiveness."

Biden admitted that sanctions would be imposed on Russian President Vladimir Putin. The US leader added that Russian-American relations are experiencing a “complete break”.

“I will reiterate that our forces will not be involved in a conflict with Russia in Ukraine. Our forces are heading to Europe not to fight in Ukraine, but to protect NATO allies and support our allies on the eastern flank,” Biden concluded.

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On the morning of February 24, Putin announced that he had decided to conduct a special military operation of the Russian Federation to denazify and demilitarize Ukraine. According to him, the circumstances "require decisive and immediate action from us, the people's republics of Donbass turned to Russia with a request for help."

The Russian president placed all responsibility for the bloodshed on the conscience of the ruling regime in Ukraine. He urged the Ukrainian military not to follow the criminal orders of the authorities, lay down their arms and go home.

Let's squeeze Russia out of the world economy. What sanctions were imposed by the US and the UK