With a decree by US President Joe Biden, the US wants to expand its legal options to impose sanctions on Russian supporters in the war of aggression against Ukraine. Biden will sign a corresponding order on Friday, a senior administration official in Washington announced. This provides a precise instrument to target financial institutions that support the Russian war machine with transactions.
So-called secondary sanctions would then be possible for the first time, it was said. This is done in coordination with partners and allies. The previous sanctions had had an effect, but the Kremlin had found ways to circumvent them, the government representative said.
US: “Sand in the gears of the Russian war machine”
A number of companies that helped Russia circumvent the measures have already been prosecuted. The most important point is the financial system, because it requires transactions to obtain weapons and military equipment. The goal is to “throw sand in the gears of the Russian war machine and destroy its supply chain.” The US has already imposed extensive sanctions on Russia.
Raiffeisen Bank International could be affected by this
It is unclear whether the sanctions could also cause problems for Raiffeisen Bank International (RBI). It is under pressure from its Russian subsidiary. There is always speculation about possible American punitive measures. US Secretary of State James O’Brien said in a recent interview that he “didn’t want to speculate about possible sanctions measures.”
However, RBI communicates “very openly” about its activities in Russia. The RBI recently achieved a symbolic success in Ukraine. Apparently under pressure from Austria and in connection with the EU decision on a twelfth sanctions package against Russia and the start of accession negotiations between the EU and Ukraine, the state anti-corruption authority has removed the RBI from a list of international supporters of the Russian war. aggression.
Source: Krone
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