The United States and the United Kingdom have announced new sanctions following Russia recognizing the independence of two regions of Ukraine, Donetsk and Luhansk, and sending troops into those disputed areas.
Observers believe that more measures are likely unless there is a de-escalation of the situation through immediate diplomatic means.
The moves add to restrictions already imposed on entities over the past eight years of the Russia-Ukraine conflict. And it underlines points made in a recent article about the effectiveness of international sanction and how they relate to the maintenance of geopolitical order.
Some of the sanctions announced by the U.S. and UK in response to intensified pressure from Russia to undermine the territorial integrity of Ukraine:
- From President Joe Biden – Executive Order Blocking Property Of Certain Persons And Prohibiting Certain Transactions With Respect To Continued Russian Efforts To Undermine The Sovereignty And Territorial Integrity Of Ukraine.
- From the Office of Foreign Assets Control (OFAC) – Ukraine General License Number 17; Ukraine General License Number 18; Ukraine General License Number 19; Ukraine General License Number 20; Ukraine General License Number 21; and Ukraine General License Number 22
- From the UK – Sanctions on five banks and three wealthy Russians.
The U.S. measures included barring financing to the Russian government, as well as sanctions on two Russian financial institutions, and Russian elites and their families.
Staying on Top of Russia-Ukraine Sanctions
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