China Center for Contemporary World Studies

US, Europe vs. Russia: Impacts of Financial Sanctions Deserve Due Attention
From:CCCWS | 06-05-2014 | By:CCCWS visitors:564

On 28th April, a US announcement declared to impose visa restrictions and asset freezes on seven Russian officials within the “inner circle” of Russia’s President Vladimir Putin. Besides, US has frozen assets for 17 Russian companies and will impose license requirements on 13 of them. In addition, US and Europe have jointly warned Russia that a third round of sanctions will be imposed if Russia continues with its military interference in Ukraine and disturbs the presidential election on 25th May. On May 13th, Russia issued counter-sanctions against US, including International Space Station, rocket engine, Global Positioning System and other fields. It also noted that Russia will reject US proposal for operation of the International Space Station by Russia after 2020.