Following Russia’s continued aggression in the Donetsk and Luhansk regions of Ukraine, which it had previously recognized as independent and sovereign countries, multiple economic sanctions have now been announced by the United States and multiple allies of Ukraine to keep Russia at bay. Russia’s diplomatic and military actions are now deemed the “beginning of a Russian invasion” by the US and its allies.
The Biden-led United States was quick to condemn the Russian recognition of the breakaway regions and the deployment of “peacekeeper” troops in Donbas, releasing Donetsk and Luhansk specific sanctions and later, Russia specific sanctions. “So I’m going to begin to impose sanctions in response, far beyond the steps we implemented in 2014,” the President said. Numerous allies followed suit with the economic and fiscal sanctions in solidarity with Ukraine.
To keep updated with all sanctions imposed on Russia, here is a list for your easy viewing and comprehension. We remind all of our readers that the situation in Ukraine is ever-changing. With that being said, we urge all of our readers to check back on our site for any further developments.
United States Sanctions
US President Joe Biden had released the first tranche of economic and fiscal sanctions aimed toward weakening Russia’s financial institutions that can hamper its revenue generation and sovereign debt financing in the future. US investments and business within the breakaway regions were also barred through an executive order.