Washington enters for Russian state-owned banks complete ban on dollar transactions and threatening to freeze their property in the United States
In response to the attempts of the President of trump to lead the Russia business as usual, the us Congress has once showed a higher consolidation of the political class, regardless of party controversy between Republicans and Democrats.
When he took a year ago, the law on the strengthening of sanctions against Russia, Iran and North Korea. Along the way, which restricted the President’s right to remove is already sanctioned without the approval of Congress.
Hot on the heels failed to trump the July sparring with Putin in Helsinki, the Congress has prepared new sanctions statement. Directly on the motives of two hits by Queen “Under pressure” and “The Show Must Go On”.
The bill, S. 3336, entitled “On strengthening NATO, fight against cybercrime and impose additional sanctions to the Russian Federation” was submitted to the Senate on August 3. One of his chapters is devoted to the non-proliferation of chemical weapons. Another consideration of the question of recognition of Russia as a state sponsor of terrorism.
Starting tomorrow, the White house introduces a new package of measures against Russia due to the use of prohibited weapons.
According to Washington, Russia used chemical weapons in the British city of Salisbury in early March.
President trump’s call to oppose the intervention “on the part of the government of Russia or other foreign players in the activities of the U.S. government and in the democratic processes in the country” and to abandon support for Syrian President Bashar al-Assad and call to return the Crimea to Ukraine.
August 22 starts application of the first set of sanctions.
He suggests a complete ban on the export to Russia of goods related to national security: electronic devices and components, including those used in the aviation industry. Before the export permit was considered in each case separately.
The second block will be imposed after 90 days.
Then the United States threatened to reduce the level of diplomatic relations with Moscow, to revoke the permission for Aeroflot to make flights to the USA and has almost completely freeze trade between the countries.
In the case of adoption of the relevant law to US residents will be forbidden to participate in operations with the new public debt of the Russian Federation, released 180 days after the law came into force. The ban will apply to all government bonds and derivative financial instruments with a maturity of more than 14 days.
The authors of the bill propose to introduce a ban on transactions and freeze property in the United States “to one or more financial institutions,” in particular, Russian banks such as VEB, Sberbank, VTB, Gazprombank, Rosselkhozbank, and Promsvyazbank, Bank of Moscow. Such measures in the Russian business circles fear the most.
Russian state banks are already under sectoral sanctions in 2014, but the sanctions only prohibit the raising of new debt and equity financing in the United States. While the new proposals include the inability of listed banks standard dollar settlements through correspondent accounts in U.S. banks.
There is also a separate “hi” to wealthy Russians, who not only send their children to study in the United States, but often buy and/or where expensive real estate. The bill provides amendments that will strengthen the control over the structure of ownership in case of purchase of real estate in the United States. The American insurance Association, specializing in title insurance will be required to transfer information on beneficiaries who buy expensive residential property in the country.
The blow landed right on target – immediately after the information about the sanctions, the ruble fell to its lowest level in two years: to 75.2 ruble per Euro and 64.9 per rubles per dollar.
And despite the fact that the Russian leadership continues to make “calming” statements about the insignificance of the influence of “another” us sanctions on the Russian economy two blocks of the new sanctions are just an example to the contrary. Namely, successful integrated negative impact on the current economic situation in the country and the investment climate in Russia, in particular.