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Russian Sanction Effects | 2022

Don’t forget all those leased airliners that we’re seized. Ah well just add it to the Russian bill to rebuild Ukraine what the hell.
 
Russia and China is a combination that can't be succesfully sanctioned.
It's simple - Russia is supplying China with endless fuel, gas and coal while China
has the economy to supply Russia with technology, goods and food.
And it is in the interest of both to make one dependent on the other.
 
AFP: Washington announced new sanctions against Russia, this time targeting the technology sector, including Russia's largest semiconductor manufacturer, in order, among other things, to prevent the circumvention of Western sanctions

NHK: Japan has issued list of 7 key items for which it relies heavily on Russia: oil, coal, LNG, palladium, gas for making semiconductors, ferroalloys for steelmaking, & ferroalloys for stainless steelmaking. Govt considering emergency steps to secure supply.
 
I am not sure saddling the poorest in western societies with crippling energy costs will do much to stop the Russians. But it will create a very pi.sed off populace.
 
AFP: Washington announced new sanctions against Russia, this time targeting the technology sector, including Russia's largest semiconductor manufacturer, in order, among other things, to prevent the circumvention of Western sanctions

NHK: Japan has issued list of 7 key items for which it relies heavily on Russia: oil, coal, LNG, palladium, gas for making semiconductors, ferroalloys for steelmaking, & ferroalloys for stainless steelmaking. Govt considering emergency steps to secure supply.
Washington Post reported in English on the new semiconductor sanctions against Russia
 
U.S. Deputy National Security Adviser for International Economics Daleep Singh warns India
-- The Hindu: "There will be ‘consequences’: tough words from U.S. Deputy NSA"
Daleep Singh warns against constructing rupee-rouble payment mechanism, buying more oil from Russia
"There will be “consequences” for any country, including India, that conducts local currency transactions through Russia’s central bank or constructs a payment mechanism that subverts or circumvents the United States’ sanctions against Russia, American Deputy National Security Adviser for International Economics Daleep Singh said in New Delhi on Thursday, hours before Russian Foreign Minister Sergey Lavrov landed. Mr. Lavrov is due to meet Prime Minister Narendra Modi and External Affairs Minister S. Jaishankar on Friday, and is expected to brief them on the war in Ukraine, peace talks, keeping defence supplies running and alternate payment mechanisms in the face of Western sanctions.
In a first for the U.S. administration, Mr. Singh also publicly stated that India must not expect that Russia, as a “junior partner” of China, would assist India if there were more incursions along the Line of Actual Control.
 
UN Human Right Council Adopts Resolution A/HRC/49/L.6 - "on the negative impact of unilateral coercive measures on the enjoyment of human rights."- USA, UK, Poland, Germany, France vote no. Russia votes yes, while still ongoing invasion of Ukraine. No doubt this is about trade issues, but has a broader scope. Russia will no doubt use this as a propaganda tool at some point. Notably, China, India, Russia all agreed on this. Same day as U.S. Deputy National Security Advisor is warning India.

"#HRC49 | Resolution A/HRC/49/L.6 on the negative impact of unilateral coercive measures on the enjoyment of human rights was ADOPTED."

1. Urges all States to stop adopting, maintaining or implementing unilateral coercive measures not in accordance with international law, international humanitarian law, the Charter of the United Nations and the norms and principles governing peaceful relations among States, in particular those of a coercive nature with extraterritorial effects, which create obstacles to trade relations among States, thus impeding the full realization of the rights set forth in the Universal Declaration of Human Rights and other international human rights instruments, in particular the right of individuals and peoples to development;
2. Calls upon States and relevant United Nations agencies to take concrete measures to mitigate the negative impact of unilateral coercive measures on humanitarian assistance, which should be delivered in accordance with General Assembly resolution 46/182 of 19 December 1991;
3. Strongly urges all States to refrain from imposing unilateral coercive measures, also urges the removal of such measures, as they are contrary to the Charter and norms and principles governing peaceful relations among States at all levels, and recalls that such measures prevent the full realization of economic and social development of nations while also affecting the full realization of human rights;
4. Urges States to resolve their differences through dialogue and peaceful means, and to avoid the use of economic, political or other measures to coerce another State with regard to the exercise of its sovereign rights;
5. Strongly objects to the extraterritorial nature of those measures which, in addition, threaten the sovereignty of States, and in this context calls upon all States neither to recognize these measures nor to apply them, and to take effective administrative or legislative measures, as appropriate, to counteract the extraterritorial application or effects of unilateral coercive measures;
6. Strongly condemns the continued unilateral application and enforcement by certain powers of such measures as tools of pressure, including political and economic pressure, against any country, particularly against least developed and developing countries, with a view to preventing these countries from exercising their right to decide, of their own free will, their own political, economic and social systems;
7. Expresses its grave concern that any unilateral coercive measure imposed necessarily runs counter to some provisions of the International Bill of Human Rights and peremptory norms of customary international law, and entails adverse consequences for the enjoyment of human rights by innocent people;
8. Expresses its deep concern over the increasing negative effects of unilateral coercive measures on the environment and natural resources leading to serious violations of human rights of targeted populations, and strongly condemns the continued unilateral application of such measures, which result in various environmental transboundary and transgenerational implications for present and future generations;"
9. Expresses its grave concern that, in some countries, the socioeconomic conditions of family members, particularly women and children, are adversely affected by unilateral coercive measures, imposed and maintained contrary to international law and the Charter, that create obstacles to trade relations among States, restrict movement through various means of transport, impede the full realization of social and economic development and hinder the well-being of the population in the affected countries, with particular consequences for women, children, including adolescents, the elderly and persons with disabilities;
10. Reiterates its call upon States that have initiated such measures to commit themselves to their obligations and responsibilities arising from relevant provisions of the international law and human rights instruments to which they are a party by putting an immediate end to such measures;
11. Reaffirms in this context the right of all peoples to self-determination by virtue of which they freely determine their political status and freely pursue their own economic, social and cultural development;
12. Also reaffirms, as enshrined in the Charter, its opposition to any attempt aimed at the partial or total disruption of the national unity and territorial integrity of a State;
13. Recalls that, according to the Declaration on Principles of International Law concerning Friendly Relations and Cooperation among States in accordance with the Charter of the United Nations and to the relevant principles and provisions contained in the Charter of Economic Rights and Duties of States, proclaimed by the General Assembly in its resolution 3281 (XXIX) of 12 December 1974, in particular article 32 thereof, no State may use or encourage the use of economic, political or any other type of measure to coerce another State in order to obtain from it the subordination of the exercise of its sovereign rights and to secure from it advantages of any kind;
14. Reaffirms that essential goods, such as food and medicines, should not be used as tools for political coercion and that under no circumstances should people be deprived of their means of subsistence and development;
15. Underlines the fact that unilateral coercive measures are one of the major obstacles to the implementation of the Declaration on the Right to Development, and in this regard calls upon all States to avoid the unilateral imposition of economic coercive measures and the extraterritorial application of domestic laws that run counter to the principles of free trade and hamper the development of least developed and developing countries;
16. Rejects all attempts to introduce unilateral coercive measures, and the increasing trend in this direction, including through the enactment of laws with extraterritorial application which are not in conformity with international law, and urges the States Members of the United Nations to take fully into account the negative impact of those measures, including through the enactment and extraterritorial application of national laws that are not in conformity with international law in their task concerning the implementation of the right to development;
17. Recognizes that the Declaration of Principles adopted at the first phase of the World Summit on the Information Society, held in Geneva in December 2003, strongly urges States to avoid and refrain from any unilateral measure in building the information society;
18. Stresses the need for an impartial and independent mechanism of the United Nations human rights machinery for the victims of unilateral coercive measures to address the issues of remedies and redress, with a view to promoting accountability and legal, equitable, timely and effective remedies and reparations;
19. Urges all special rapporteurs and existing thematic mechanisms of the Human Rights Council in the field of economic, social and cultural rights to pay due attention, within the scope of their respective mandates, to the negative impact and consequences of unilateral coercive measures and to cooperate with the Special Rapporteur on the negative impact of unilateral coercive measures on the enjoyment of human rights in fulfilling his or her mandate;"
 

Russia Set for Steep Slump and Long Stagnation in Wake of Ukraine War:

Russia’s invasion of Ukraine will cause their economies to contract this year by about 10% and 20%, respectively, the region’s leading development bank said Thursday in one of the most in-depth economic assessments to date of the war’s impact on the two countries.
 
Sanctions against Russia, according to Gita Gopinath, the International Monetary Fund’s First Deputy Managing Director, could undermine the US dollar’s global dominance (IMF) She went on to say that some countries have already begun to renegotiate the currency in which they are paid for trade.
Russia and India are working on a rupee-ruble mechanism that will allow them to trade in national currencies while avoiding the dollar.
According to Gopinath, the drastic restrictions imposed by Western countries in response to Russia’s military operation in Ukraine may result in the formation of small currency blocs based on trade between individual groups of countries.
https://insiderpaper.com/russia-san...-threaten-to-undermine-the-dollars-dominance/
 

Putin Reminds the World He Still Wields a Powerful Economic Weapon​

But Mr. Putin reminded the world this past week that he has economic weapons of his own that he could use to inflict some pain or fend off attacks.
Through a series of aggressive measures taken by the Russian government and its central bank, the ruble, which had lost nearly half of its value, clawed its way back to near where it was before the invasion.
https://todayuknews.com/finance/putin-reminds-the-world-he-still-wields-a-powerful-economic-weapon/
 
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