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Ban on import of Russian gold from the USA


In the assertion made by the US Treasury Division, it was said that the US has applied the G7 commitments.

In the assertion, it was said that 70 organizations and 29 folks with essential significance for the Russian protection trade, together with the state establishment Rostec, which is the cornerstone of Russia’s protection, trade, expertise and manufacturing sectors, had been positioned on the sanction listing.

Added new entities to the sanction listing

Mentioning that there are greater than 800 organizations from varied sectors underneath the administration of Rostec, it was emphasised that Rostec is a big state establishment established to consolidate the nation’s technological, aviation and military-industrial experience.

In the assertion, it was said that United Plane Company, the producer of Russia’s MiG and Sukhoi plane and largely owned by Rostec, was added to the sanctions listing.

Ban on export of Russian gold

In accordance with the information in AA, it was additionally reported that the Treasury Division’s Workplace of Overseas Property Management (OFAC) banned the import of Russian gold to the USA.

Mentioning that the monetary establishments and the personal sector proceed to play a key function in stopping Russia’s efforts to amass essential items and expertise, the Monetary Crimes Investigation Community (FinCEN) issued a joint warning with the Business and Safety Bureau of the US Division of Commerce. It was reported that he suggested “vigilance” in opposition to his escape from export controls.

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In the assertion that the US Division of State will impose sanctions on 45 organizations and 29 folks, it was famous that amongst the organizations to be sanctioned are Russian navy items and the Russian Federal Safety Service on the grounds that they dedicated human rights violations in Ukraine.

visa restriction

The assertion additionally said that the Ministry of Overseas Affairs will impose visa restrictions on greater than 500 Russian navy officers and officers, who’re believed to threaten Ukraine’s sovereignty, territorial integrity and political independence.

US Treasury Secretary Janet Yellen, whose views had been included in the assertion, “We reaffirm our dedication to work with our companions and allies to impose critical further sanctions in response to Russia’s conflict in opposition to Ukraine.” used the phrase.

Mentioning that the complete commitments and actions of the G7 members additional hinder their entry to expertise essential to the Russian navy, Yellen famous that sanctions concentrating on Russia’s protection trade will cut back the nation’s capabilities and make its conflict in opposition to Ukraine harder.

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