Russian and Chinese leaders are lashing out at U.S. sanctions and tariffs that they say are undermining the global trading system built by Washington, and said the measures have served to cement closer economic and political ties between Beijing and Moscow. Russian Prime Minister Dmitry Medvedev in a visit to Beijing on November 7 accused the United States of misusing sanctions to gain an advantage in world trade and to resolve domestic political disputes. "It is obvious that all sorts of sanctions, talks about sanctions against Iran, sanctions against the Russian Federation, restrictions on supplies and duties against the EU, China are made in order to solve domestic political problems," Medvedev said in comments echoed by Chinese Premier Li Keqiang. The two premiers said the U.S. trade restrictions have revived "protectionist" sentiments around the world and put a "time bomb" under the World Trade Organization, the global trade arbiter created by the United States and its allies to … [Read more...] about Russia, China Lash Out At U.S. Sanctions While Forging Closer Ties
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Starting today, the United States has imposed a new round of sanctions on Russia over the poisoning by Russia of a former Russian military intelligence operative Sergei Skripal and his daughter Yulia in Salisbury, UK, in March of this year. Sanctions that some experts branded "infernal" will be effective for last at least a year and include a ban on arms sales and financing of arms deals, restrictions on lending by U.S. government agencies, and a ban on exports of dual-use goods and technologies. Also, a ban is imposed on foreign aid to Russia, with the exception of emergency humanitarian aid and food supplies. But these sanctions can hardly be called "infernal," at least for now. After all, they could be considered such when the economy of the targeted country immediately starts limping heavily. But it would be premature to claim this will be the case upon their introduction. Russian economy has a certain safety cushion, although the trends are rather sad Another thing is the … [Read more...] about New U.S. sanctions against Russia: Infernal, but not too much
Friday's sanctions highlight the erosion of U.S.-Russian ties. REUTERS The U.S. announced details of limited new sanctions against Russia over the March poisoning in the U.K. of a former Russian agent and his daughter, the latest sign relations between the former Cold War foes continue to deteriorate. Restrictions released by the State Department on Friday target remaining sources of foreign assistance and arms sales to Russia, and deny any U.S. credit to Russia, including through the Export-Import Bank, Bloomberg said. The announcement follows the Trump administration's decision in March to expel 60 Russian diplomats and shutter a consulate in Seattle. The latest measures appear far less stringent, though, than proposals being considered in Congress, where lawmakers from both parties have urged the administration to take a tougher stance against Moscow. Friday's announcement also said that waivers to the new sanctions, which are to take effect upon publication in the Federal … [Read more...] about Bloomberg: U.S. imposes new sanctions on Russia after nerve agent poisoning
Russia's economy continues to grow, despite the fallback of sanctions. Alexander Avilov / Moskva News Agency The U.S.’s sanctions policy against Russia is evolving from trying to nudge the Kremlin in a desired direction to inflicting maximum pain. This is a slippery slope, and it’s time to consider the most extreme consequences for Russia, as well as the U.S. and its allies.During a Senate Banking Committee hearing this week, a telling exchange took place between Republican Senator John Kennedy and the Trump administration’s senior sanctions officials.Kennedy demanded to know what they would do if the president ordered them to bring the Russian economy "to its knees.” They wouldn’t give a straight answer, saying instead that the ramifications of such a goal would need to be assessed and that current sanctions were already aggressive. Irritated, Kennedy insisted: “But the economy hasn’t been brought to its … [Read more...] about No, the U.S. Can’t Bring Russia to Its Knees (Op-ed)
11:20, 21 August 2018 World 20 Hunt makes his first visit to the United States as foreign secretary as Washington prepares to impose fresh sanctions against Moscow after Salisbury nerve agent attack. REUTERS Jeremy Hunt is to challenge the EU to impose tougher sanctions against Russia as he urges the bloc to stand with Britain and the U.S. against Moscow's “malign” and “aggressive” behavior. The remarks come as the U.S. State Department prepares to impose new sweeping sanctions against Vladimir Putin’s administration after claiming Russia had violated international law with a nerve agent attack on the streets of Britain, according to The Independent. In his first visit to Washington as foreign secretary, Hunt will urge the EU member states to ensure the allies speak with “one voice” against transgressions by Moscow, “whenever and wherever they occur, from the streets of Salisbury to the fate of Crimea.” Referring to … [Read more...] about Britain’s top diplomat calls for tougher EU sanctions against Russia to stand “shoulder to shoulder” with U.S.