The US, EU and their allies have been announcing measures designed to isolate and weaken the Russian economy. Since 2014, Vladimir Putin has been taking pre-emptive steps to protect the economy from future sanctions. But Brian O'Toole, a former US Treasury official and senior fellow at the Atlantic Council, says that in the face of Western sanctions, "Fortress Russia is gone."
Solidarity for Ukraine was front and centre during US President Joe Biden's State of the Union address this week. Biden reiterated that American troops will not fight in Ukraine, but warned that NATO territory would be defended. He also announced that US airspace would be closed to Russian planes and warned oligarchs that their assets would be seized. To find out more about the effectiveness of such sanctions, we speak to Daniel Tannebaum, who's Global Head of Sanctions at Oliver Wyman and a former compliance officer with the Office of Foreign Assets Control at the US Treasury Department.
12 Dec 2020
China blasted new US sanctions against officials involved in the clampdown on Hong Kong, calling the move "crazy and vile".
12 Dec 2020
The US Treasury blacklisted Wan Kuok Koi — leader of the 14K triad organized crime group — and three entities owned or controlled by him. Wan had expanded his operations through China's Belt and Road initiative, it said.
31 Oct 2020
US sanctions in Africa needs an update. They’ve allowed Sudan to become pawn in the US election campaign. Plus the list of sanctioned individuals contains someone who has since died.
27 Dec 2019
Russia's energy minister says despite US sanctions, Moscow will proceed to finish the Baltic Sea pipeline. Germany is dependent on imports for 92% of its gas needs; Washington wants a slice of the lucrative supply trade.