The United States slaps a new round of sanctions on Russia and its partners, on the one-year anniversary of the Russia-Ukraine war. We speak with two nonprofit organizations that are helping Ukrainians in need. They give us an on-the-ground update on the situation. New inflation data out Friday comes in hotter than expected, complicating things…
NTD Business (Feb. 24): White House Announces New Sanctions Against Russia; Feds Say Inflation Surprisingly Rose in January
US Unveils New Sanctions, Tariffs on Russia on Ukraine War Anniversary
February 24, 2023
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Asia & PacificChinaChina Business & EconomyeconomyEuropeInternationalNational SecurityRussiaRussia-Ukraine WarsanctionstariffsUSUS NewsWorld
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The United States has announced sweeping new sanctions on Russia and its partners on the first anniversary of the invasion of Ukraine. The Biden administration said on Feb. 24 that it would implement increased tariffs and export controls against critical Russian sectors in order to break the regime’s ability to continue its war of conquest…
US to Target Chinese Companies in Upcoming Sanctions on Russia: State Department
February 24, 2023
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ChinaChina Business & EconomyEuropeEurope-China RelationsExecutive BranchInfiltrating the WestInternational RelationsnulandPoliticsRussiaRussia-Ukraine WarsanctionsSpecial TopicsThreat from Communist ChinaUSUS NewsUS-China relationsWorld
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U.S. under secretary of state for political affairs Victoria Nuland revealed that an upcoming sanctions package targeting Russia on the one-year anniversary of the war in Ukraine will also target China-linked entities that are violating export bans against Moscow. The Biden administration has identified that China-linked firms—some Europe-based—are evading existing sanctions against Russia intended to weaken…
US to Target Chinese Companies in Upcoming Sanctions on Russia
February 24, 2023
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ChinaChina Business & EconomyEuropeEurope-China RelationsExecutive BranchInfiltrating the WestInternational RelationsnulandPoliticsRussiaRussia-Ukraine WarsanctionsSpecial TopicsThreat from Communist ChinaUSUS NewsUS-China relationsWorld
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U.S. Sanctions targeting Russia on the one-year anniversary of the war in Ukraine will also hit China-linked entities that are violating export bans against Moscow, according to the State Department. The Biden administration has identified that China-linked firms—some Europe-based—are evading existing sanctions against Russia intended to weaken Moscow’s ability to finance and supply its military offensive…
US and Its Allies Will Tighten Screws on Russia’s Evasion of Sanctions, Says Treasury Department
February 22, 2023
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Asia & PacificBusiness & MarketsCanadaCompanieseconomic policieseconomyenergyEuropeInternationalInvestmentMarketsNational SecurityPolicies & ImpactsRussiaRussia-Ukraine WarsanctionsU.S. treasury departmentUKUSWally AdeyemoWorld
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The United States and its allies will impose new sanctions this week on Russia in order to punish the Kremlin for the war in Ukraine. Deputy U.S. Treasury Secretary Wally Adeyemo announced on Feb. 21 further efforts to prevent Russia from evading sanctions and export controls, aimed at pressuring it to withdraw from its neighbor….
Thousands of Chinese Chip Companies Go Bankrupt in 2022 Following US Sanctions
February 20, 2023
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Asia & PacificChinaChina Business & EconomyChinese RegimechipsCHIPS and Science Act 2022sanctionssemiconductorsThreat from Communist ChinaUSUS-China relationsWorld
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As many as 5,746 Chinese chip companies were deregistered in 2022, much higher than the previous year. Experts believe U.S. sanctions and China’s economic downturn have caused mass bankruptcies and that it would be difficult for China’s chip industry to recover. Chinese media Titanium Media App reported on Feb. 16 that according to Chinese data…
US and UK Sanction 7 Members of Russian ‘Trickbot’ Cyber Gang For Hospital Attacks
The United States and the UK announced on Feb. 9 that they are sanctioning seven people associated with a Russian cybercriminal gang for their alleged role in conducting malign cyber activities against their nations and allies. Washington and London sanctioned the members of Trickbot, a Russian cybercriminal outfit that specializes in stealing financial data, for…
US, UK Sanction 7 Members of Russian ‘Trickbot’ Cyber Gang for Hospital Attacks
The United States and the UK said on Feb. 9 that they are sanctioning seven people associated with a Russian cybercriminal gang for their alleged role in conducting malign cyber activities against their nations and allies. Washington and London sanctioned the members of Trickbot, a Russian cybercriminal outfit that specializes in stealing financial data, for…
US Sanctions on China and Russia Are Failing
Commentary Sanctions against China and Russia are leaking across a broad swath of goods to the point of ineffectuality, according to new reporting this week. U.S. export controls on high-efficiency computer chips to China, for example, have been ineffective at stopping the chips’ use in Beijing’s nuclear weapons labs. Decades after the sanctions were imposed…
Sanctions Taking Toll on Russia’s Economy, Washington-Based Think Tank Asserts
As the West continues to pile economic sanctions on Russia, the debate has raged over how effective the restrictions have been in degrading Russia’s economy and its ability to wage war in Ukraine. It’s no secret that the Russian economy continues to function, while Moscow’s invasion of Ukraine—now in its 11th month—shows little sign of…
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