The Japan Times - US, UK ramp up sanctions pressure on Russia over Ukraine

EUR -
AED 3.823403
AFN 79.112634
ALL 98.10997
AMD 415.0708
ANG 1.876424
AOA 950.914404
ARS 1090.13111
AUD 1.659265
AWG 1.876324
AZN 1.780543
BAM 1.949902
BBD 2.102152
BDT 126.965967
BGN 1.955843
BHD 0.392336
BIF 3034.387996
BMD 1.040956
BND 1.408845
BOB 7.194067
BRL 6.185046
BSD 1.041156
BTN 90.014168
BWP 14.400374
BYN 3.407211
BYR 20402.746043
BZD 2.091384
CAD 1.498212
CDF 2961.52069
CHF 0.943445
CLF 0.037397
CLP 1031.910761
CNY 7.570149
CNH 7.580276
COP 4435.515352
CRC 523.618731
CUC 1.040956
CUP 27.585345
CVE 110.670924
CZK 25.141905
DJF 184.998195
DKK 7.460743
DOP 63.925349
DZD 140.627973
EGP 52.378434
ERN 15.614346
ETB 131.212813
FJD 2.408562
FKP 0.857318
GBP 0.845132
GEL 2.976774
GGP 0.857318
GHS 15.832297
GIP 0.857318
GMD 75.989901
GNF 9010.518536
GTQ 8.047658
GYD 217.718333
HKD 8.106452
HNL 26.542023
HRK 7.681788
HTG 135.959418
HUF 410.896542
IDR 16942.710963
ILS 3.675877
IMP 0.857318
INR 90.014678
IQD 1363.652924
IRR 43824.26542
ISK 146.118712
JEP 0.857318
JMD 163.365869
JOD 0.738454
JPY 162.744156
KES 134.803819
KGS 91.031653
KHR 4196.095255
KMF 491.962147
KPW 936.860903
KRW 1496.551746
KWD 0.320917
KYD 0.867671
KZT 542.362128
LAK 22692.850134
LBP 93196.569507
LKR 310.911084
LRD 202.934565
LSL 19.247218
LTL 3.073674
LVL 0.629664
LYD 5.11628
MAD 10.40592
MDL 19.417176
MGA 4913.314063
MKD 61.532474
MMK 3380.985882
MNT 3537.170063
MOP 8.351798
MRU 41.513457
MUR 48.352199
MVR 16.041213
MWK 1807.618576
MXN 21.341379
MYR 4.624455
MZN 66.527331
NAD 19.247084
NGN 1620.768943
NIO 38.306805
NOK 11.742457
NPR 144.023067
NZD 1.8376
OMR 0.400687
PAB 1.041156
PEN 3.870797
PGK 4.166168
PHP 60.73249
PKR 290.062382
PLN 4.224599
PYG 8235.091411
QAR 3.79012
RON 4.975877
RSD 117.153392
RUB 103.312946
RWF 1449.011352
SAR 3.903939
SBD 8.821823
SCR 14.836374
SDG 625.615326
SEK 11.461935
SGD 1.410709
SHP 0.857318
SLE 23.62895
SLL 21828.335792
SOS 594.901562
SRD 36.51657
STD 21545.696434
SVC 9.110444
SYP 13534.515498
SZL 19.247678
THB 35.29727
TJS 11.39496
TMT 3.653757
TND 3.326376
TOP 2.438027
TRY 37.109758
TTD 7.072641
TWD 34.026804
TZS 2628.415263
UAH 43.728335
UGX 3831.429522
USD 1.040956
UYU 45.562189
UZS 13537.638308
VES 57.972478
VND 26117.596848
VUV 123.584438
WST 2.915539
XAF 653.982049
XAG 0.033826
XAU 0.000378
XCD 2.813236
XDR 0.802178
XOF 654.229378
XPF 119.331742
YER 259.250465
ZAR 19.26425
ZMK 9369.860898
ZMW 29.021522
ZWL 335.187546
  • RBGPF

    0.1600

    62.36

    +0.26%

  • BCC

    -1.2000

    127.92

    -0.94%

  • CMSD

    -0.0400

    23.96

    -0.17%

  • RYCEF

    0.1500

    7.42

    +2.02%

  • NGG

    -1.5400

    60.05

    -2.56%

  • GSK

    -0.3500

    33.43

    -1.05%

  • CMSC

    -0.0600

    23.49

    -0.26%

  • RIO

    -0.6100

    61.12

    -1%

  • RELX

    -0.2900

    49.26

    -0.59%

  • BTI

    -0.1600

    36.57

    -0.44%

  • SCS

    -0.2200

    11.58

    -1.9%

  • JRI

    -0.0400

    12.53

    -0.32%

  • BCE

    -0.2400

    23.15

    -1.04%

  • AZN

    0.2400

    68.2

    +0.35%

  • VOD

    -0.1700

    8.38

    -2.03%

  • BP

    -0.3900

    31.13

    -1.25%

US, UK ramp up sanctions pressure on Russia over Ukraine
US, UK ramp up sanctions pressure on Russia over Ukraine

US, UK ramp up sanctions pressure on Russia over Ukraine

The United States and Britain on Sunday flagged new and "devastating" economic sanctions against Russia, as Washington and its NATO allies step up efforts to deter any invasion of Ukraine.

Text size:

Fears of an imminent invasion have grown in recent days, despite denials from Moscow and pleas from Ukraine's president to avoid stirring "panic" over the massive Russian military build-up on the border.

In Washington, the chairman of the Senate Foreign Relations Committee said it was crucial that the United States send a powerful message to Russian President Vladimir Putin that any such aggression would come at a very high cost.

"We cannot have a Munich moment again," Senator Bob Menendez said on CNN. "Putin will not stop with Ukraine."

He indicated some penalties could be levied over actions Russia has already taken in Ukraine, including cyber attacks, but that "the devastating sanctions that ultimately would crush Russia" would come if Moscow were to invade.

US Undersecretary of State Victoria Nuland said the White House is working closely with the Senate and that any sanctions measures would be "very well aligned" with those coming from European allies.

Putin "will feel it acutely, as will the Russian people," she said.

In London, Foreign Secretary Liz Truss said Britain would unveil sanctions legislation next week targeting "a much wider variety" of Russian economic targets.

"There will be nowhere to hide for Putin's oligarchs," Truss told Sky News.

Analysts say an array of sanctions hitting Russian banks and financial institutions would not only affect daily life throughout Russia but could roil major economies in Europe and elsewhere.

- Carrots and sticks -

Western leaders are continuing to pursue a carrot-and-sticks approach, stepping up military assistance to Ukraine but also undertaking a full-court diplomatic effort to defuse the crisis.

Britain is preparing to offer NATO a "major" deployment of troops, weapons, warships and jets, Prime Minister Boris Johnson announced Saturday. At the same time, he is expected to speak with Putin next week.

NATO Secretary-General Jens Stoltenberg on Sunday welcomed the increased military support from Britain while also endorsing London's "diplomatic initiative."

Russia has repeatedly denied posing a threat to the onetime Soviet republic and said Sunday it wants "respectful" dealings with Washington.

"We want good, equal, mutually respectful relations with the United States, like with every country in the world," Foreign Minister Sergei Lavrov told Russian TV.

He added, however, that Russia does not want to remain in a position "where our security is infringed daily."

Citing NATO's presence near its eastern border, Russia has put forward security demands to Washington and the US-led military alliance.

They include a guarantee that NATO will not admit new members, in particular Ukraine, and that the United States will not establish new military bases in ex-Soviet countries.

Russia has also demanded a pullback of NATO forces deployed to eastern European and ex-Soviet countries that joined the alliance after the Cold War.

- 'We can't afford to panic' -

In the face of the Russian build-up, Ukrainian President Volodymyr Zelensky has called on the West to tone down the rhetoric.

That plea, from a country also eager for Western support -- particularly since Moscow seized Crimea in 2014 and began fueling a deadly separatist conflict in the east of the country -- has led to some raised eyebrows in Washington.

Ukrainian Ambassador Oksana Markarova tried to reassure Americans on Sunday, telling CBS that Ukraine is "grateful for the United States," but that after eight years of living with a constant threat from Russia, "we cannot afford to panic."

Kyiv's Foreign Minister Dmytro Kuleba urged Russia in a tweet to pull back its forces and "continue diplomatic engagement" if it is "serious" about de-escalating tensions.

Amid the ongoing intensive diplomatic contacts, Putin is likely to speak with US Secretary of State Antony Blinken, according to Nuland, and held a call with French President Emmanuel Macron on Friday.

Senior officials from France, Germany and Poland are expected to visit Ukraine in coming days. Canada's Defence Minister Anita Anand arrived there Sunday.

Weeks of diplomatic efforts had led to Washington and NATO presenting Moscow with a written response to its security demands.

Russia said the replies, which were not made public, did not address its main concerns but it did not rule out further talks.

Y.Kato--JT