Russia became the world's most sanctioned country surpassing Iran and North Korea following the Russo-Ukrainian war. According to Castellum.AI, Russia has been subjected to over 5,000 sanctions (2,778 of them were issued after February 22nd). It took ten years for the Western countries to sanction Iran the same amount they did to Russia after February 22nd. There are some measures the Russian government took to respond to the sanctions. Here are some of them:
Export Ban Of Goods
Technological, communication, medical equipment, agricultural machinery, electrical equipment, and vehicles are on the top of the list. The measure is expected to affect every country but the members of the Euroasian Economic Union (Armenia, Belarus, Kazakhstan, Kyrgyzstan).
Janis Kluge of the German Institute for International and Security Affairs said Russia is banning the export of technological equipment because the officials know they'll be quite rare in the future.
Wheat And Agricultural Products
Russia also banned exporting wheat and some agricultural products to the members of the Eurasian Economic Union until August.
Raw Materials
T he government announced banning exporting timber to the Unfriendly Countries list. The list includes:
The UK
Timber was the only raw source Russia banned exporting. Exports make up 30% of the GDP of Russia, and raw materials such as oil and gas make up 60% of all Russia's overseas sales.
Foreign Currency Sales
The Russian government announced that Russia had banned foreign currency sales until September 9th, following the Ruble's crash. Russians who have existing foreign currency accounts will be allowed to withdraw up to 10,000 USD.
Additional Measures
Putin announced Russia might seize the assets of foreign companies stopping their operations in Russia to protect local workers and suppliers. Here, you can see that the foreign companies stopped or limited their operations in Russia.
Sanctions on Russia Following the Russo-Ukrainian War
The Russian government also announced they consider letting domestic airlines take ownership of their leased planes worth about 10 Billion USD. The planes might be used as spare parts since Boeing and Airbus suspended their operations in the country.
Russia bans Meta Platforms and Twitter accusing the platforms of spreading fake news and hate speech toward the Russian Army.
Russia froze the assests of more than 10 US officials and banned them from entering the country. Some of the important people Russia sanctioned:
- Joe Biden
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- Chairman of the Joint Chiefs of Staff Mark Milley
- National Security Adviser Jake Sullivan
- President of the Export-Import Bank of the US Reta Jo Lewis
- Deputy Secretary of the Treasury Wally Adeyemo
- US Agency for International Development (USAID) Administrator Samantha Power
- Deputy National Security Adviser Daleep Singh
