Financial transaction

Russia ‘won’t ask’ US and EU member states to lift sanctions, says Russian deputy foreign minister

Russia will not ask the United States and member countries of the European Union (EU) to lift the sanctions imposed on Moscow following the ongoing “military operations” in Kyiv, says the Russian Deputy Minister of Affairs foreigners, Sergei Vershinin. Washington and the EU “have made great efforts” to turn the Kremlin’s course but “nothing will come of it”, the deputy foreign minister said in an interview with the Izvestiya newspaper. Angered by the expanding plethora of economic and financial sanctions against Moscow, Vershinin also claimed the injunctions were “illegitimate”.

“The sanctions are not our decision. They are imposed by those who, like the United States and – let’s be blunt – its satellites, want to put pressure on Russia, put our economy and ordinary Russians in a very difficult situation, the acting as a punishment for Russia’s sovereign political decisions,” Russian Deputy Foreign Minister Sergei Vershinin said.

Accusing the United States and its European allies of imposing illegal measures in an attempt to pressure Moscow, Vershinin said this would only help Russia develop its economy and independence and “build on the friends and like-minded people”. His statements come as the United States and its European allies have extended their sweeping financial and economic sanctions against Russia and key Russian organizations over the past three weeks, in addition to U.S.-based corporations and businesses that have put an end to their investments and services from Moscow in response to the rise of Russia. attack aimed at “demilitarizing and denazifying” Ukraine.

Earlier, however, Russian Federation spokesman Dmitry Peskov called Western sanctions a “serious threat” to the Russian economy. Although the Kremlin is ready to counter them, he added.

Sanctions imposed on Russia

The West began its sanctions against Russia on February 21, after Kremlin leader Vladimir Putin unilaterally identified two of Ukraine’s dissident rebel-held regions. Subsequently, Putin unleashed an “unprovoked and unwarranted” military operation on Ukraine which has now entered its 19th day with widespread devastation evident throughout the former Soviet nation. This prompted Washington and its European allies to step up sanctions against Russia and pressure the Kremlin to withdraw from Ukraine.

Said list of measures hit several economic and financial sectors, including its main revenue-generating oil and gas industry and Russian oligarchs. The United States and its European allies also announced sanctions against Putin and his cabinet, including Russian Foreign Minister Sergei Lavrov. Also, social media platforms such as Facebook, Twitter, YouTube, etc. also banned the monetization of Russian content and the broadcasting of Russian public media such as Sputnik News, RT News, etc.

Several Russian banks have also been disconnected from SWIFT’s global banking services, including Sberbank and VTB (Russia’s two largest banks, which have closed the way for international financial transactions for the country. Online transaction apps like Apple Pay and Google Pay also suspended the registration of Russians who hold accounts at the sanctioned banks Visa and MasterCard have apparently suspended their services in Russia until Moscow ends its invasion of Ukraine.

(Picture: AP)