The U.N. Security Council is scheduled to vote Friday on a resolution criticising Russia and demanding the immediate evacuation of all its soldiers.
Russia’s invasion of Ukraine was denounced by world leaders as savage, and sanctions were swiftly imposed on the Russian economy, Putin’s inner circle, and many of the country’s billionaires.
“Putin chose this conflict, and now he and his nation will suffer the consequences,” said US Vice President Joe Biden on Thursday.
In near-unison, the United States, the 27-nation European Union and other Western allies announced a round of punitive measures against Russian banks and leading companies and imposed export controls aimed at starving the country’s industries and military of semiconductors and other high-tech products.
From the US to Western Europe and Japan, South Korea and Australia, governments queued up to rebuke the Kremlin as the beginning of conflict prompted anxieties about the shape of Europe to come. The invasion originally sent equities plummeting and oil prices jumping on expectations of greater expenses for food and gasoline.
Here are nations that have levied sanctions against Russia:
US President Joe Biden has put off enforcing some of the most severe measures for now, including shutting Russia out of the SWIFT payment system, which enables for the movement of money from bank to bank across the world. However, Ukraine’s president asked for Russia to be booted out of SWIFT, but the US has voiced alarm about the possible harm to European businesses.
Besides the military and financial institutions of Belarus, Ukraine’s northern neighbours, the latest US sanctions were also aimed towards For the unversed, Russia is utilising Belarus as a staging area for force moves into Ukraine.
THE SANCTIONS OF THE EUROPEAN UNION:
The European Union leaders attended an emergency meeting and decided on penalties that include, among other things, the banking, energy and transport sectors and different Russian persons. In a statement, the leaders claimed the actions would have “huge and catastrophic implications” for Russia.
However, the specifics will not become accessible until Friday at the earliest.
“We aim to shut off Russia’s industry from the technology sorely required today to develop the future,” European Commission President Ursula von der Leyen stated. Meanwhile, Dutch Prime Minister Mark Rutte remarked, “It is about the leadership of Russia and being brutal in economics and the economy
UNITED KINGDOM SANCTIONS:
British Prime Minister Boris Johnson also imposed financial limitations and export prohibitions. In addition, Britain will also bar Russia’s main airline, Aeroflot, from landing at British airports. Johnson termed the war on Ukraine “hideous and brutal” and said of Putin, “Now we see him for what he is? a bloodstained attacker who believes in imperial conquest.”
The Wagner Group, a paramilitary organisation, and several large Russian banks are among the 58 individuals and businesses targeted by Canadian Prime Minister Justin Trudeau’s sanctions. Members of the Russian Security Council, including senior cabinet officials, will be subject to the new sanctions, which were announced after Prime Minister Justin Trudeau attended a virtual meeting of the G-7 industrialised countries.
Canadian Foreign Minister Melanie Joly stated hundreds of licences covering items worth more than USD 700 million would be immediately revoked. ‘These penalties have a significant impact. They will impose substantial consequences on complicit Russian elites and restrict President Putin’s capacity to continue sponsoring this illegal invasion,” Trudeau stated.
Trudeau went on to say that the crisis poses the biggest danger to European stability since World War II. He said this. He stated, “Canada is unambiguous in its criticism of Russia’s unprovoked and unlawful aggression on the sovereign, the democratic state of Ukraine.”
Japanese Prime Minister Fumio Kishida announced fresh sanctions against Russia in response to that country’s military intervention in Ukraine. “In addition to the sanctions announced on February 23, our country is intensifying them in the following way: freezing capitals, ban on issuing visas to Russian citizens and entities, freezing assets of financial organisations, ban on the goods that may be used for military purposes,” Kishida said at a press conference.
Germany has halted construction of the Nord Stream 2 Russian gas pipeline only days before the attacks. With Stoltenberg and Johnson, von der Leyen termed the invasion a “barbaric” assault on an independent country that endangered “the stability in Europe and the entire of the international peace order.” Separately, the U.N. Security Council is set to vote Friday on a resolution criticising Russia and demanding the immediate evacuation of all its soldiers. Moscow, on the other hand, is certain to block it.
While other nations were seen taking a stand, China on the other hand stood alone in failing to denounce the strike and instead blamed the United States and its allies of aggravating the problem.