The US on Friday announced new sanctions on Russia that were imposed in coordination with the Group of Seven, but they fall far short of what the Biden administration was hoping to achieve.
According to the Treasury Department, over 300 sanctions were implemented on individuals, entities, vessels, and aircraft. The measures are meant to combat the circumvention and evasion of Western sanctions on Russia.
“We are imposing further sanctions and measures to increase the costs to Russia and those who are supporting its war effort,” the G7 leaders said in a joint statement on Friday during their summit in Hiroshima.
Ahead of the summit, the US was pushing for the G7 to agree to a full export ban on Russia, but the EU and Japan were against the plan and said it wasn’t realistic. The export ban would have had exemptions for medicine and agricultural goods.
The G7 leaders said they are “united in imposing coordinated sanctions and other economic actions to further undermine Russia’s capacity to wage its illegal aggression.” But the US-led Western sanctions blitz against Russia has done nothing to stop the war in Ukraine, and there are no indications further measures will.
Oh, it didn’t work. Let’s try it again. Oh, it didn’t work. Let’s try it again. And again…
Sounds like a broken record.
Great. More sanctions is always good for Russian economy.
They avoided hitting China ….lol.
I wonder if Hunter’s employers once again managed to avoid them this time too?
I would guess the Davos crowd has more yachts, etc. for the Russians to seize, … come the time of reckoning.
The sanctions fall far short of the full export ban against Russia the US was seeking
full export ban on Russian resources – is that uncle sam’s ultimate goal ?
google = in 2021 the main products exported from Russia to United States were refined petroleum ($13.2B), crude petroleum ($3.77B), and platinum ($2.4B).
wow since the US exports more oil every day that it imports (always has, always will) WTF was uncle sam doing importing oil from Russia? oh because it is all a giant Shell (oil- pun intended) game. little guys die (Ukrainians etc), and other guys will go hungry (europeans etc). and that’s just the 1st-world little peoples. never mind the 3rd-world peoples because they are so little that they don’t even count.
Where were these sanctioneers back when it could have done some good? Back when they could have sanctioned the Tumbleweed also known as Russian thistle.
G7 is nothing, nada, zip, nil, and with the ongoing de-dollarization will die very soon…!
No worries. When the other 82 nations join the brick’s the US bite will resemble a toothless dog