October 5, 2022

The Catholic Transcript

Complete News World

Crude oil closes heavily, backed by declining U.S. cargo

US bans Putin’s daughters; The UK has banned Russia’s coal

The United States and the United Kingdom on Wednesday announced a series of new sanctions against Russia in the wake of the invasion of Ukraine.
The measures are in retaliation for the alleged massacre in Pucha, where Ukrainian troops found dozens of civilian bodies on the streets and in mass graves after Russian troops withdrew.
The Russian president’s elderly daughters, Vladimir Putin, Maria and Yekaterina, have been added to the newly approved list, as well as the wife and daughter of Russian Foreign Minister Sergei Lavrov and other government officials, according to a statement.
In addition, the sanctions affect major Russian banks Sberbank and Alfabank, although both companies have said the sanctions will not have a significant impact on their operations.
US President Joe Biden has said he will sign an executive order banning any US citizen from making new investments in Russia.
“I was very clear when I said that Russia would pay a severe and immediate price for its atrocities in Pucha,” Biden declared, urging “responsible nations to work together to price Russia and enhance its economic isolation.” .
This year the British government announced that it would freeze all Sberbank assets in the UK, with a commitment to eliminate all Russian oil or coal imports.
“Our latest move is to put an end to British imports of Russian energy and further sanctions on traders, (Vladimir) destroys Putin’s war machine,” said a statement from the Foreign Ministry and the British Chancellor Liszt.
The new penalties hit “strategic businesses and public companies”, banned the import of iron and steel, and eight entrepreneurs, including billionaire Leonid Michaelson.
“With our allies, we have shown the Russian elite that atrocities committed on Putin’s orders cannot be washed away,” Truss said.

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