313 online
 
Most Popular Choices
Share on Facebook 42 Printer Friendly Page More Sharing Summarizing
Exclusive to OpEd News:
OpEdNews Op Eds    H3'ed 3/16/21

Sanctions against Putin's Russia: are they truly so inconsequential?

By       (Page 2 of 2 pages) Become a premium member to see this article and all articles as one long page.   No comments

Zintis Znotiņš

The sanctions imposed against Russia have so far targeted specific spheres, for instance, Russian banks and companies have had access restricted to EU's primary and secondary markets, there are bans on certain exports and import, as well as arms embargos and a ban on the export of military dual use goods. The sanctions have also hindered Russia's access to individual sensitive technologies that are used for oil extraction and research. There are also special restrictions on economic relations with Crimea and Sevastopol, including a ban on imports from the peninsula, a ban on the export of particular goods and technology, investment restrictions and prohibition of providing tourism services in the region. The measures implemented regarding economic cooperation have put a halt to any new financial operations in Russia from the European Investment Bank and the European Bank for Reconstruction and Development.

By December 2020, the EU's individual restrictive measures - a travel ban and asset freeze - targeted 177 persons and 48 entities due to their actions of undermining Ukraine's territorial integrity, sovereignty and independence. In October 2020, the list was expanded to include two persons and four entities that took part in the construction of the Kerch bridge linking Russia and Crimea.7

There is no doubt that additional individuals should be included in the list of sanctions, but I believe it would be more effective to target specific spheres.

Only this way we can force Putin's Russia to review its "bully" approach.

Another indication that the sanctions are more worrying than the Kremlin tries to present are the official statements coming from the Kremlin itself. If the Kremlin wouldn't be worried about something, it wouldn't waste time talking about it. Keep in mind that Putin's Russia doesn't care the slightest about what others think. This means that if the Kremlin is actively talking about lifting the sanctions because of one reason or another, it's a clear signal that Putin is desperate to fix the situation.

Undoubtedly, sanctions affect the regular people as well. Unfortunately, there are no other options than to strengthen the sanctions against Russia in hopes that it would lead to the elimination of the main reason they were imposed in the first place, i.e. Putin's regime would finally be replaced.

1 Click Here

2Click Here

3https://www.kommersant.ru/doc/4605277

4 Click Here

5Click Here

6Click Here

7Click Here

Next Page  1  |  2

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Rate It | View Ratings

Zintis Znotiņš Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

On a daily basis I am working as freelance independent investigative journalist. I am happy to be the Latvian patriot, born in Riga. I Have studied politics and journalism at the Latvian University. Currently, on a voluntary basis, I am helping (more...)
 

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines

 
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter

Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Putin and his schizophrenia

Is Lukashenko a liar, a fool - or both?

Kremlin: Russians don't deserve Sputnik-V

China Is Slowly But Surely Taking Over The World

Russia's loud statements of its military might are nothing but fabrication

Lukashenko's days are numbered, and so could be Putin's

To View Comments or Join the Conversation:

Tell A Friend