Aggressor's troubles continue: Russia left without international financial assistance

Sanctions against Russia are imposed for five years, but restrictions can be removed 30 days after it stops fighting with Ukraine. Russia is increasingly isolated from the outside world for invasion of Ukraine. Yes, US President Joe Biden has decided to prohibit financial assistance to Russia and Belarus, which helps the Kremlin in military aggression against our country. The Decree with the signature of the United States was reported on the White House website.

Countries, in particular, should not be exchanged special rights of borrowing (SDZ) of the IMF belonging to the Russian Federation. The ban will lead to the fact that Russia and Belarus will not be able to get a loan from the IMF and exchange their SDRs. The United States also plans to send their representatives to each international financial institution to object to the provision of financial assistance to Russia or Belarus.

Only the financial assistance will not be forbidden, which will meet the basic human needs of the civilian population. Also, the US will not participate in any transactions related to the exchange of special borrowing rights belonging to the Russian Federation or Belarus, and will require the Ministry of Finance to take measures against the provision of financial assistance of Russia or Belarus. These restrictions will have been in force for five years.

Or within 30 days after Russia has stopped aggression. We will remind, in the European Union agreed on 8 packages of sanctions against Russia for its invasion of Ukraine. Restrictive measures against the aggressor country, in particular, include a ban on oil transportation to third countries at a price higher than the established ceiling. Focus also said that the European Commission (EC) has developed 2 options for limiting the price of Russian gas.