US Imposes Export Restrictions on Russia
Russia whacked by sanctions
With its unwillingness to stop tensions that are engulfing Ukraine, United States today hammered Russia with export restrictions.
In a press statement in Washington DC, US Department Spokesperson Jen Psaki announced that the United States is implementing additional restrictive measures on defense exports to Russia.
One of the restrictions includes export restrictions on technologies and services regulated under the U.S. Munitions List (USML).
Ms. Psaki pointed out that the State Department's Directorate of Defense Trade Controls (DDTC) will deny pending applications for export or re-export of any high technology defense articles or services regulated under the U.S. Munitions List to Russia or occupied Crimea that contribute to Russia's military capabilities.
"In addition, the Department is taking actions to revoke any existing export licenses which meet these conditions." - Ms. Psaki
Ms. Psaki reiterated that the United States will continue to adjust its export licensing policies toward Russia, as warranted by Russia's actions in Ukraine.
Vladimir Putin and Leonid Kuchma in December 2003. Photo: Wikimedia Commons
In addition, the US urges Russia to honor the commitments it made in Geneva on April 17 to deescalate the situation in Ukraine.
What Is At stake With Russia's Aggression In Ukraine?
The US has underlined that Russia needs to think very carefully about the choice that it is making.
The US imposed visa bans, there are asset freezes, and there is trade and investment isolation.
In addition, Psaki said American businesses may well want to think twice about whether they want to do business with a country that behaves like this.
The US said every one of its allies and friends are determined to stay united and to make clear there is a price attached to Russia's kind of behavior.
Mina Fabulous follows the news, especially what is going on in the US State Department. Mina turns State Department waffle into plain english. Read more stories by Mina Fabulous. Contact Mina through NewsBlaze.
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