Bridging Foes, Blessing Ties: Riyadh’s role in Indo-Pak peace

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The White House announced new sanctions against Russia – Reuters

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As noted, the sanctions will affect individuals and businesses, including those operating in countries in Europe, Asia and the Middle East, “that support Russia’s military actions.”The White House also promised to impose sanctions on “a dozen financial institutions” and on representatives of the authorities of the new Russian regions.Restrictions will also be imposed on working with companies associated with Russia’s defense and technology industries, including those that help circumvent sanctions. We are talking about both Russian companies and organizations “from third countries, including China”.They will be prohibited from importing certain goods from the United States, such as semiconductors and certain software. In contact with other G7 countries, they also promise to limit the supply of machine tools, luxury goods and a number of other goods to Russia.Particularly noted, however, is the blow to Russia’s energy sector, provided it does not affect the current market situation.Import duties will increase for more than 100 types of Russian metals, minerals and chemicals. The White House estimates that these measures should cost the Russian economy $2.8 billion.Interestingly, the United States positions the increase in the price of Russian aluminum as a protectionist measure, intended to increase the competitiveness of its own metal processing industry, which “has suffered from [роста] energy prices”, allegedly caused by the Ukrainian crisis.Earlier, the United States announced the provision of a new $2 billion military aid package to Ukraine. As part of the new deliveries, Kiev will receive drones and means to combat them, artillery shells and ammunition for HIMARS missile systems.

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