June 27, 2022

Market and Financial News

Market and Financial News Aggregator

Live news updates: Russian diamond miner and state-owned shipbuilder hit by US sanctions

2 min read

The US has imposed sanctions on Alrosa, the world’s largest diamond mining company, and a top Russian state-owned enterprise, in its latest move to punish Vladimir Putin for his invasion of Ukraine.

The Treasury department and the state department announced the move on Thursday night — along with new sanctions on USC, the Russian shipbuilder, and individual members of its board of directors.

The steps are part of a series of measures adopted this week by western allies in response to atrocities allegedly committed by Russian forces against Ukrainian civilians. Russia denies the accusations.

A diamond pit operated by Alrosa in Mirny, Russia © AFP/Getty Images

“Our actions today, alongside the actions we have taken since the beginning of President Putin’s brutal and unjustified war in Ukraine, are designed to reinforce each other and intensify over time,” Antony Blinken, the US secretary of state, said in a statement.

“As long as the Kremlin continues its brutal assault on Ukraine and its people, we stand united with our allies and partners in imposing additional costs on Russia,” he added.

Blinken noted that USC had “developed and constructed the warships that have bombarded Ukraine’s cities”, while Alrosa’s proceeds helped “finance the Russian government’s war and atrocities against Ukraine”.

On Wednesday, Biden slapped full sanctions on Alfa-Bank, the private bank, and Sberbank, Russia’s largest — as well as prohibiting any new investments in Russia, as the US tries to increase the financial pressure on Putin and plug any holes in its sanction regime.

2022-04-07 19:32:01

All news and articles are copyrighted to the respective authors and/or News Broadcasters. VIXC.Com is an independent Online News Aggregator

Read more from original source here…

Leave a Reply

Copyright © All rights reserved. | Newsphere by AF themes.