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It is now been six weeks since Russia’s invasion of Ukraine, which has resulted in 1,563 confirmed civilian deaths, however doubtless hundreds extra. Western governments have promised to unleash the “mom of all sanctions” from the onset of the conflict, although it may be laborious to maintain observe of all of the penalties dealt to Moscow and its associated entities. Here’s a full record of U.S. sanctions because the begin of the disaster:
February 24: Limiting exports of chips, computer systems and different high-end applied sciences to Russia.
February 27: Key Russian banks are blocked from SWIFT and sanctions are positioned on the central financial institution’s worldwide reserves.
February 28: Oligarchs are focused with journey bans and asset freezes. March 2: U.S. considers barring Russian ships from American ports.
March 8: Ban introduced on Russian oil, gasoline and power imports.
March 11: Transfer to strip Russia of its preferential commerce standing.
March 24: U.S imposes sanctions on dozens of Russian protection corporations and the Duma legislative physique.
April 5: Treasury stops the Russian authorities from paying holders of its sovereign through the greenback reserves it holds in American financial institution accounts. IRS suspends data exchanges with Russia’s tax authorities to hinder Moscow’s potential to gather taxes.
April 6: Sanctions unveiled towards Putin’s grownup kids. All new funding banned in Russia, whereas full blocking sanctions imposed on Russia’s largest banks.
Outlook: Lots of the penalties which have been carried out had been made in coordination with allies, although different Western governments have additionally imposed sanctions of their very own. “Sanctions towards Russia have to be ruinous sufficient for us to finish this horrible conflict,” declared Andriy Yermak, head of Ukraine’s presidential workplace. Western firms have additionally been fast to droop or exit their enterprise in Russia, whereas some have even pledged to cease importing uncooked supplies from – or exporting items to – the financial and monetary pariah.
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