Biden extends sanctions against Russia for annexation of Crimea and war in Donbas for another year
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US President Joe Biden has extended the state of emergency introduced back in 2014 after Russia’s aggression against Ukraine, as well as sanctions against Russia related to it, for another year with a decree on 4 March.
Source: European Pravda with reference to the decree on the website of the White House
Details: The state of emergency in connection with the situation in Ukraine was implemented on 6 March 2014 with the decree of the then US President Barack Obama. Since then it has been extended several times, mainly on 21 February 2022 after Russia’s recognition of the so-called Luhansk and Donetsk People’s Republics (L/DPR).
Moreover, in December 2014 and in September 2018, US presidents implemented additional sanctions.
"The actions and policies addressed in these Executive Orders continue to pose an unusual and extraordinary threat to the national security and foreign policy of the United States…Therefore I am continuing the national emergency for 1 year," Biden’s decree reads.
Background:
On 23 February, US President Joe Biden announced that the United States was imposing more than 500 sanctions against Russia and new export restrictions on nearly 100 organisations on the eve of the second anniversary of the full-scale invasion of Ukraine and in reaction to the death of Alexei Navalny.
In particular, 26 companies and individuals from 11 countries, mainly from China and Serbia, have been sanctioned as they help Russian to evade sanctions and import critically important technologies and equipment for the military-industrial sector.
The US thinks that their warning about the sanctions against financial institutions has significantly affected the flow of money between Russia and such countries as Türkiye, the UAE and Kazakhstan.
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