spot_img
6.1 C
London
Wednesday, November 30, 2022
spot_img

The White House detailed a new slate of economic measures levied against Russia including targeting Russian oil refining

- Advertisement -spot_imgspot_img

The White House detailed a new slate of economic measures levied against Russia and allied Belarus Wednesday, blasting Belarus for “enabling Putin’s invasion of Ukraine.” 

“The United States and our Allies and partners do not have a strategic interest in reducing the global supply of energy – which is why we have carved out energy payments from our financial sanctions,” the White House said in a statement, adding that sanctions on the oil refining industry will harm the Russian oil industry while still protecting American consumers. 

According to CNN, among Wednesday’s actions are new restrictions extending export control policies to Belarus, preventing diversion of tech and software to Russia through the country, which the administration said “will severely limit the ability of Russia and Belarus to obtain the materials they need to support their military aggression against Ukraine, project power in ways that threaten regional stability and undermine global peace and security.” 

In addition, the US and allies are identifying 22 Russian “defense-related entities,” including firms that provide technological and material support for Russia’s military.

The US and allies are also targeting “technology exports” in the oil refining sector, which they say could help the US move toward its goal of “degrading Russia’s status as a leading energy supplier over time. 

The US also details new sanctions on entities affiliated with Russian and Belarusian military forces and points to US President Joe Biden’s announcement last night banning Russian aircrafts from domestic US airspace.

- Advertisement -spot_imgspot_img
- Advertisement -spot_imgspot_img
SourceCNN
Latest news
- Advertisement -spot_img
- Advertisement -spot_img
- Advertisement -spot_img
- Advertisement -spot_img
- Advertisement -spot_img
- Advertisement -spot_img
- Advertisement -spot_img
- Advertisement -spot_img
- Advertisement -spot_img
- Advertisement -spot_img
- Advertisement -spot_img
Related news
- Advertisement -spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here