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Date: 09/12/2014 19:10 clock
Despite the slowdown in battles in the Ukraine, the United States tightened its sanctions against Russia. The focus is on the financial sector. The largest financial institution in Russia, Sberbank, was placed on the sanctions list. U.S. companies, it is now prohibited the Bank to grant loans with a maturity of more than 30 days.
The Institute is majority owned by the Russian Central Bank, about 44 percent of the shares however, be held by foreign funds. Sberbank holds almost a third of the assets of the Russian banking sector and is one of the largest lenders in the Russian economy
In other Russian banks -. VTB, Bank of Moscow, the Russian Agricultural Bank, Gazprombank and VEB – to the existing sanctions are tightened. You want access to U.S. credit and equity markets are difficult
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sanctions on oil and military sector
In addition, sanctions against the Russian oil and defense industries may be imposed according to the Treasury Department in Washington. According to information from the news agency Reuters, the United States wants to prevent deep sea oil drilling in the Arctic. Moreover, persons and firms were placed on the sanctions list, which are active in the Russian defense sector.
Russia must stop to violate the sovereignty of Ukraine, told Financial Secretary David Cohen. Otherwise, the USA and the EU Russia would increasingly isolate from the global financial system
Putin. “Sanctions are ineffective,”
Russia President Vladimir Putin condemned the sanctions imposed by the USA and the EU. The West apparently trying to destabilize international relations, he said during a visit to Tajikistan. “Sanctions as a foreign policy instrument are ineffective and have never achieved the expected results.” He accused the Western States the right to abuse the Ukraine-conflict “to revitalize NATO as a foreign policy key instrument” of the United States.
Putin also criticized that the sanctions against the last of peace negotiations involved pro-Russian separatists were imposed. The endangers the peace process. Foreign Minister Sergei Lavrov said that the EU had apparently conscious decision “to harm the peace process.”
Moscow threatens countermeasures
In recent days, Russian politicians had repeatedly threatened with countermeasures. Has been speculated about import restrictions for foreign cars, clothing, consumer goods, a limitation of overflight rights for Western Airlines
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Free Trade Agreement enters delayed in force
When free trade agreement between the EU and Ukraine contrast, there was a compromise with Russia. The agreement is now expected until the end of 2015 in force according to EU figures. Then the two States and the EU have agreed, EU Trade Commissioner Karel De Gucht said. Ukraine will continue until then have a privileged access to the EU market, he said.
Russia had threatened to impose tariffs on imports from the Ukraine when the Agreement on 1 November. this year comes into force.
EU also takes financial and energy sectors targeted
The U.S. sanctions are the EU has agreed. The force since morning extended EU sanctions will hinder access of Russian banks to the EU capital market
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From the EU Official Journal stating that even the largest energy companies in Russia are affected by the sanctions: the oil producer Rosneft, the gas company Gazprom and pipeline operator Transneft. Bonds of these companies may no longer be traded on the financial markets of the EU now. This is also true for three arms companies. Oboronprom is the main shareholder of the helicopter producer Russian Helicopters, United Aircraft Corporation manufactures combat aircraft and Uralvagonzavod is the leading Russian tanks forge
On a list of companies, to which no both civilian and military-related products are delivered more, are among other things, the manufacturer of Kalashnikov assault rifles and Almaz-Antey. They provide, inter alia, the “Buk” -Raketensystem ago, with the Malaysian passenger plane MH17 to have been shot down.
travel bans and account lockouts
In addition, the EU ban list was expanded to 24 names to 119. It is prominent separatist leaders in eastern Ukraine and Russian politicians, including the chief separatist Alexander Sachartschenko, Vladimir Kononov and Miroslaw Rudenko and the ultra-nationalist Russian Duma deputy Vladimir Zhirinovsky. Do not travel to EU countries as well, their accounts will be blocked in the EU.
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