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What do the new U.S. sanctions on Russia target?

What do the new U.S. sanctions on Russia target? thumbnail

U.S. President Donald Trump reluctantly signed into law a sweeping sanctions bill against Russia, Iran and North Korea this week.

As U.S. Secretary of State Rex Tillerson and Russian Foreign Minister Sergei Lavrov meet this weekend at a regional forum in Manila, here is a look at new Russia sanctions :

* The law establishes a review process that allows Congress to block any effort by Trump to ease or lift sanctions on Russia.

Lawmakers passed the bill to punish Russia over its alleged interference in the 2016 U.S. presidential election, its annexation of Ukraine’s Crimea region and its involvement in Syria’s civil war.

* Trump, or any U.S. president, must submit a report to the appropriate congressional committee describing the rationale behind any easing of sanctions on Russia and how it would affect U.S. national security interests. Congress would have at least 30 days to hold hearings and then vote on any proposed change. If lawmakers back a “joint resolution of disapproval,” the president would be barred from changing the sanctions.

* New sanctions are introduced on entities doing business with Russian military or intelligence agencies, companies involved in Russian off-shore oil projects, and those participating in Russian oil or gas pipeline construction within Russia. The bill targets a wide range of Russian industries, which might further hurt Russia’s economy, already weakened by 2014 sanctions imposed after the annexation of Crimea.

* The law also ramps up sanctions against any entity involved in any cyber attacks on behalf of the Russian government, or that is owned by or acting on behalf of any such entity. The president is allowed to waive these sanctions if he determines it is in the national security interest to do so, subject to congressional review.

* Six executive orders signed by President Barack Obama are codified, which would prevent Trump from using an executive order to revoke them. The measures, from 2014-2016, targeted Russia’s financial services, energy, defense and other industries in retaliation for its annexation of Crimea and incursion into Ukraine, as well as cyber-attacks and election interference in the United States.

Reuters



30 Comments on "What do the new U.S. sanctions on Russia target?"

  1. Makati1 on Sun, 6th Aug 2017 7:30 am 

    It’s ALL about oil/NG sales and $$$$. That is all the U$ is interested in.

  2. joe on Sun, 6th Aug 2017 8:25 am 

    This is clearly a path to war. Its gonna be a sunny day in Europe soon. BTW, a nuclear winter will destroy the whole precious economy. So in a MAD scenario there is nothing to stop Russia targeting areas not designed by THAAD to protect. Namely Russia and China.
    Russia acts to fight neo Nazis in Ukraine from ethnic cleansing and annexes part of Russia that was Russian anyway, they actually fight ISIS and they are bad?
    US congress on the wrong side again.

  3. peaktard on Sun, 6th Aug 2017 8:36 am 

    joe putin is the biggest benefactor of ww2. “muh leningrad” “muh barbarosa” “muh stalingrad” “muh kharkov”.

    nothing about shooting down MH17, unreliable energy partner to Europe, crimea, killing of political oponent, dictatorial, ceaseless aggression against the US and allies…

    i was a paultard and we are the most passionate. we have passion of a paultard.

    i see alt-tard and eurotard nazi on here. their passion is respectable but they will be disappointed as a paultard was.

    their passion never measure up to that of a paultard.

  4. peaktard on Sun, 6th Aug 2017 9:24 am 

    i’m not blowing hot air here. congress takes aggression agaist Ukraine and anexation of crimea seriously

  5. Cloggie on Sun, 6th Aug 2017 9:57 am 

    Joe is right, peaktard is busy giving meaning to his nick.

    There is no anti-western agression by Russia. It was the West that exercised aggression by interfering in the Maidan-revolution of 2014 and played a sinister role in the overthrow of a democratically elected government. If the CIA had not done that, the Crimea would still be Ukrainian.

    https://youtu.be/U2fYcHLouXY

    Nuland admits that the US was meddling in the Ukraine.

    Peaktard should seek professional help, you sound like crack junk.

  6. dissident on Sun, 6th Aug 2017 10:09 am 

    Only retards would try to take the moral high ground after the case of Kosovo and the ICJ ruling on its right to self determination in 2008. You can’t have your cake and eat too, hypocrites. If Kosovo Albanians have rights to secede then so do Crimean Russians and Donbass Russians. International recognition of some country does not supercede the rights of various ethnic groups to self-determination. After 2008, the concept of territorial integrity is defunct and is only a “might makes right” aspect.

    It is Kiev’s aggression against the 7 million people of the Donbass that is war crime and automatically excludes Kiev’s ambitions as having any weight in the status of this region. BTW, the Donbass was an illegal gift by the Bolsheviks to their newly concocted Ukrainian Soviet Socialist Republic. The borders of the Ukrainian SSR had no historical basis.

    Another commie dictator, Khruschev gifted Crimea to the Ukrainian SSR. This was another illegal gift. He didn’t even transfer the City of Sevastopol to Ukraine, yet somehow this city became part of Ukraine in 1991. This is a clear case of annexation. In addition, in 1990 the people of Crime voted to restore their autonomous republic status. So the whole of Crimea was illegally annexed by Ukraine in 1991. That various governments “recognized” the incorporation of Crimea into Ukraine means precisely f*ck all from a legal perspective. “Recognition” is not some magic process where crimes are laundered clean. These countries had no right to recognize the annexation.

    As for this sanctions bill, Schumer claims that the meddling by Russia in the 2016 US presidential election is an established fact. This BS speaks for itself as to the validity of the basis for this sanctions bill.

  7. Cloggie on Sun, 6th Aug 2017 10:17 am 

    What the sanctions will achieve is creating a rift between Europa and America. EU hotshots already indicated that they consider it their business from whom they will buy oil. Finally some spine.

  8. Sissyfuss on Sun, 6th Aug 2017 11:42 am 

    Don’t understand why Pres Triumph didn’t force Congress to override his veto to keep his bromance with Putin and his whores alive. Course I don’t understand Pressie Poo at all.

  9. Kenz300 on Sun, 6th Aug 2017 12:09 pm 

    Follow the money and you will find the crime.

  10. Cloggie on Sun, 6th Aug 2017 2:51 pm 

    http://www.wnd.com/2017/08/michael-savage-taking-down-trump-would-provoke-civil-war/

    Michael Savage: ‘Taking down Trump’ would provoke civil war

  11. Apneaman on Sun, 6th Aug 2017 3:40 pm 

    The Beckoning of Nuclear War With Russia

    “There was no justification for this insane vote, except the promise of plunder.

    The “sanctions” are aimed at Europe, too, mainly Germany, which depends on Russian natural gas and on European companies that do legitimate business with Russia. In what passed for debate on Capitol Hill, the more garrulous senators left no doubt that the embargo was designed to force Europe to import expensive American gas.

    Their main aim seems to be war—real war. No provocation as extreme can suggest anything else. They seem to crave it, even though Americans have little idea what war is. The Civil War of 1861-5 was the last on their mainland. War is what the United States does to others.

    The only nation to have used nuclear weapons against human beings, they have since destroyed scores of governments, many of them democracies, and laid to waste whole societies – the million deaths in Iraq were a fraction of the carnage in Indo-China, which President Reagan called “a noble cause” and President Obama revised as the tragedy of an “exceptional people.” He was not referring to the Vietnamese.

    Filming last year at the Lincoln Memorial in Washington, I overheard a National Parks Service guide lecturing a school party of young teenagers. “Listen up,” he said. “We lost 58,000 young soldiers in Vietnam, and they died defending your freedom.”

    At a stroke, the truth was inverted. No freedom was defended. Freedom was destroyed. A peasant country was invaded and millions of its people were killed, maimed, dispossessed, poisoned; 60,000 of the invaders took their own lives. Listen up, indeed.

    A lobotomy is performed on each generation. Facts are removed. History is excised and replaced by what Time magazine calls “an eternal present”. ”

    http://www.truthdig.com/report/item/the_beckoning_of_nuclear_war_with_russia_20170805

  12. peaktard on Sun, 6th Aug 2017 4:21 pm 

    clogtard do yo uthink as a former paultard i don’t kow anythng about armed resistance?

    as paultard I’m taught taht govt love armed conflicts. why don’t you come to the US and help those tards out?

  13. peaktard on Sun, 6th Aug 2017 4:25 pm 

    u can mobilize ur nazi tards but it’s not a big deal. isis mobilized people all over the world.

    and Fuhrer recruited foreign SS to die in Berlin. U need to come up with new ideas. recruit former paultards who are simpathetic to your causes maybe. i’m a former paultard and our passion will never be surpassed. modern weapons would just bounce off our chests and explode on you. it’s all ricochety

  14. peaktard on Sun, 6th Aug 2017 4:28 pm 

    i used to be disprect to p*ssy gropper tard presdent but i’m all over it.

    I really do hope President Trump for 2nd term. I told you we need to empower nazi tards.

    It’s counter productive to fight among ourselves. I love women and I love America.

  15. peaktard on Sun, 6th Aug 2017 4:34 pm 

    i’d be pushing daisy rite now had i not woken up. this is why i’m aruging for killing tard extremist preachers. if they can urge tards to fight the most powerful govt in the world then they are too tarded to live.

  16. JuanP on Sun, 6th Aug 2017 5:19 pm 

    Go Russia! I believe that in the long run Russia will win this fight and the USA will lose. The whole world now has irrefutable proof that the vast majority of the US Congress is criminal, corrupt and insane. The USA is a joke, but it is not funny at all. Most of humanity has its fingers crossed and hopes that the USA won’t drag them along as it destroys itself. I honestly can’t believe how insane the USA has become. The USA has a narcissistic clown for a president, demented spy agencies, a bunch of criminals in Congress, and is fast becoming a police state. I am so glad that I am not an American citizen. This is the land of the oppressed and the home of the cowardly!

  17. Makati1 on Sun, 6th Aug 2017 6:48 pm 

    JuanP, you echo my thoughts perfectly. Thanks.

  18. peaktard on Sun, 6th Aug 2017 6:50 pm 

    juantard, russia is tiny. sorry to break it to you and having a powerful military doesn’t mean squat. russia/putin is one trick pony

  19. Davy on Sun, 6th Aug 2017 7:03 pm 

    “China’s Minsky Moment Is Imminent”
    http://tinyurl.com/ycuh859e

    “History has proven that credit bubbles always burst. China by far is the biggest credit bubble in the world today. We layout the proof herein. There are many indicators signaling that the bursting of the China credit bubble is imminent, which we also enumerate. The bursting of the China credit bubble poses tremendous risk of global contagion because it coincides with record valuations for equities, real estate, and risky credit around the world.”

    “The Bank for International Settlements (BIS) has identified an important warning signal to identify credit bubbles that are poised to trigger a banking crisis across different countries: Unsustainable credit growth relative to gross domestic product (GDP) in the household and (non-financial) corporate sector. Three large (G-20) countries are flashing warning signals today for impending banking crises based on such imbalances: China, Canada, and Australia.”

    “The unique aspect of the current global credit bubble is that China has emerged at its epicenter. Since 2008, China has created the world’s largest M2 money supply, the world’s largest and most grossly mismarked banking assets, the largest global trade with the rest of the world, the second-largest GDP, and the world’s largest credit-to-GDP imbalances.”

    “The problem is that long stretches of prosperity tend to be delivered with increasingly speculative leverage and unproductive investment activity. The China growth story is not likely a miracle of communist government central planning; it’s a massive credit bubble, almost certainly the largest ever. China’s impressive growth has come overwhelmingly and almost exclusively from unsustainable credit expansion combined with extensive, largely unprofitable domestic infrastructure expansion.”

    “In our analysis, the Chinese economy today is a classic Ponzi finance regime as described by Minsky and has been so in an egregious way since 2008. At the center of China’s credit bubble is its massive and opaque financial sector. The China Banking Regulatory Commission reports that the Chinese banking system had USD 35 trillion in on-balance-sheet banking assets through the first quarter of 2017. This is an incredible more-than-fourfold bank-credit expansion since 2008 as we show in the chart below. As a result, based on the ratio of on-balance-sheet banking assets to GDP, China’s banking bubble today is more than three times larger than the US banking bubble prior to the global financial crisis!”

    “One of the reasons shadow banking assets have been exploding in the last several years is the moral hazard associated with them. There is an implicit assumption in China, but not an explicit guarantee, that the banks and ultimately the Chinese government will make good on shadow-bank deposits in the event of a financial crisis. The problem is that such a moral hazard is what will almost certainly guarantee the crisis.”

    “our conservative estimate equates to USD 8.8 trillion of loans in the Chinese banking system today that will effectively never be repaid and will need to be written off. Such an amount is equal to 84% of China’s GDP, more than enough to wipe out all the equity in its Chinese banking system twice over. If the banks were to write that debt down and recapitalize the banks with money printing, it would equate to 37% of its M2 money supply, all else equal a 37% currency devaluation. This is our best-case scenario for the inevitable devaluation of the China currency. It will likely be worse.”

  20. onlooker on Sun, 6th Aug 2017 7:12 pm 

    So it seems China’s meteoric rise will only be equaled by its even more spectacular fall. We are truly reaching the event horizon for the world economy as the biggest players including the US and KSA are also showing significant vulnerabilities.

  21. Makati1 on Sun, 6th Aug 2017 7:12 pm 

    Peaktard, when the bright flashes and mushroom clouds wake you at 3AM, tell me that a nuke is not important.

  22. Makati1 on Sun, 6th Aug 2017 7:14 pm 

    Onlooker, I would not write of China just yet. Contrary to the desires of some here. they are not stupid, nor without resources. I suspect that they are playing their role in the great leveling that is happening in the West. We shall see.

  23. onlooker on Sun, 6th Aug 2017 7:22 pm 

    Yes Makati ,Russia and China are certainly countering the US
    http://www.pravdareport.com/world/asia/04-08-2017/138335-brics_usa-0/

  24. onlooker on Sun, 6th Aug 2017 7:27 pm 

    But I think it would be a phirric vitory because of how interconnected the markets are and globalized the world economy is. Plus the fall of a one of the truly potent countries especially either the US or China would topple the world economy

  25. peaktard on Sun, 6th Aug 2017 7:40 pm 

    mak i’m done with worrying about bs. if you really want to be a concern troll i have urge you to join larouche pac or something.

  26. Makati1 on Sun, 6th Aug 2017 7:48 pm 

    onlooker, the end of the USD as the world reserve currency would not topple the world economy if it happened over a few years and that is what is happening. The use of USDs for trade is shrinking yearly. I personally exchange my USDs immediately to Philippine Pesos. I hold currency from most of the local Asian countries, including yuan.

    A sudden event, like a major war, would likely end the global economy anyway. The reset would be in China and Russia’s favor as I believe that both are fast setting up an alternative system backed by gold. They both have far more than they publish. Ditto for India. The U$ may not have any. Since there seems to be a block to inventorying Fort Knox or to even let the public see it.

    I see major shocks coming in many areas, and am prepping for them as much as possible. Anyone holding dollars is likely to lose their shirt. Better to hold things of values and need. Land, free and clear of banks and loans. Some cash. Trade goods. Useful skills, etc.

  27. JuanP on Sun, 6th Aug 2017 7:48 pm 

    Peaktard, After reading your comments on this thread I reached the conclusion that you are an ignorant, illiterate, delusional fucktard. Russia is the biggest country in the world, fool! By far! Are you a typical delusional American completetely disconnected from reality? Did you graduate from Pre-K? Do you still believe that your country is the best and biggest in the world? Do you believe that things will get better in the future, too? LOL!

  28. peaktard on Sun, 6th Aug 2017 7:58 pm 

    thanks for teh educaton juantard. russia is tiny compared to the us. siberia doesn’t count because it’s not populated and it belongs to us. i was a paultard. i assure you our passion is unsurpassed and i’m not a dumbtad

    the core of paultardism are low IQ druggies and alholics and bums though.

  29. peaktard on Sun, 6th Aug 2017 8:01 pm 

    juantard http://www.nationmaster.com/country-info/compare/Russia/United-States/Economy

    it’s only due to considerations of morality and humanity that russia isn’t eliminated.

    that’s why we need putin to keep invating neiborghs

  30. GregT on Sun, 6th Aug 2017 8:02 pm 

    Do not feed the retarded troll.

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