US President Joe Biden and G7 leaders met virtually with Ukrainian President Volodymyr Zelensky on Sunday and discussed new measures the United States and its allies are taking to punish Russia for its unprovoked invasion of Ukraine, which include sanctions on Russia’s three largest television stations and a commitment by every G7 member to phase out imports of Russian oil, according to a senior administration official and a White House fact sheet.
“This is already a failure for Putin, and we will continue to honor the courageous struggles of the Ukrainian people and listen to President Zelensky and recommit ourselves to staying the course,” the senior official told reporters ahead of the president’s meeting. . .
The official added that while today’s leaders will ‘take stock of where we are’, the call will also highlight how Russian President Vladimir Putin is ‘dishonoring’ the sacrifices made by Soviet Russian citizens, millions of whom sacrificed their lives to defeat fascism during World War II.
“Putin dishonors these sacrifices by spreading his lies, his misinformation about the barbarity he is committing in Ukraine… This is truly a chance to speak the truth and demonstrate our continued unity,” the official said of the announcement. ‘call.
New sanctions unveiled by the US on Sunday will cut off Kremlin-controlled media from US advertisers and production technology, bar Russia from using US-provided services like management or consulting and corporate accounting, as well as will impose new export controls against the Russian industrial sector. Sunday’s announcement also includes around 2,600 visa restrictions for Russian and Belarusian officials, and the first sanctions against the heads of Gazprombank – the institution through which most of Europe buys Russian gas.
“Taken together, today’s actions are a continuation of Russia’s systematic and methodical withdrawal from the global financial and economic system. And the message is that there will be no safe haven for the Russian economy if Putin’s invasion continues,” the senior administration official told reporters.
A little more context: The series of US and Western sanctions imposed since Russia’s February 24 invasion of Ukraine has plunged Russia’s economy into a deep recession as it makes the difficult transition to a closed economy.
The three television networks sanctioned by the United States today – Channel One Russia, Television Station Russia-1 and NTV Broadcasting Company – received more than $300 million in advertising revenue from Western countries last year, according to the responsible.
“We’re not going to get involved in helping them spread the lies and deceptions you hear every day from Putin,” the official said.
Not included in the current prohibition of services: legal services. The United States, according to the senior official, has decided to continue to allow the search for “due process”, but that the government will continue to reassess this “every day” and that they are waiting to see what happens. after this first service ban. The official noted that the UK has not instituted such a ban either.
The official was also careful to note that the sanctions against the leaders of Gazprombank are just that, actions against the leaders of the important financial institution and not a total sanction against the bank itself, with which the Europeans must make do. business to continue buying Russian gas.
“It’s not a complete block. We do not freeze Gazprombank assets or prohibit any transactions with Gazprombank. What we are pointing out is that Gazprombank is not a safe haven. And so we sanction some of the most senior corporate executives, those are the people who sit at the top of the organization, to create a chilling effect,” the official said.
The decision to restrict exports of industrial products to Russia is aimed at hampering the Kremlin’s industrial capacity and warfare capability, in much the same way as Western restrictions on microchips limit Russia’s ability to manufacture guided missiles. accuracy, the senior official said.
In addition to banning the export of Russian industrial services, the United States has also sanctioned Promtekhnologiya LLC which manufactures weapons, such as rifles, used by Russian forces in Ukraine, and the Nuclear Regulatory Commission will no longer allow plus the export of uranium, plutonium or other nuclear related products.
Correction: A previous version of this post stated that the three US-sanctioned TV networks today received over $300 billion in advertising revenue from Western countries last year. The actual amount is $300 million. It has been corrected.