WSJ learned about US plans to impose sanctions against Mir cards and DIA

28.09.2022
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WSJ learned about US plans to impose sanctions against Mir cards and DIA
Photo is illustrative in nature. From open sources.
A set of new sanctions that the USand the European Union's designs against RUSSIA are significantly different, the WSJ learned. If the European edition called "modest",

The US and European Union are preparing new sanctions against Russia, even as some EU members question existing restrictions and "Europe's economic pain" is growing, according to The Wall Street Jounal.

The administration of US President Joe Biden is preparing its own new series of economic sanctions, seeking to tighten the “financial cordon” around the Russian economy.

Potential targets include government-linked Russian financial institutions critical to the economy, including the Russian Deposit Insurance Agency, which is designed to protect Russians' bank accounts, and the Mir National Payment Card System, US officials said. The US suspects Moscow is using the institutions to avoid Western sanctions on its banking system, officials told the publication.

In addition, the National Clearing Center and the National Settlement Depository may fall under sanctions.

The White House is also considering cutting off more Russian banks from the SWIFT global financial messaging system, imposing EXPORT controls on a wider range of goods needed by the economy, and imposing sanctions on more state-owned companies.

Politico learned about EU plans to ease anti-Russian sanctions Politics

Officials say no final decision has yet been made as to which organizations and goods will be targeted.

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The European Commission is likely to propose new controls on Russian imports and exports, including a ban on the import of certain diamonds. Brussels will also propose adding more "Russian officials and pro-Kremlin separatists" to the sanctions list as part of a "modest new package" to increase pressure on the Kremlin.

At the same time, Politico reported that the EU ambassadors will propose to the European Commission to impose an oil price cap and other sanctions, but to ease some of the existing ones. In particular, according to the publication, the EU will offer to ease its sanctions on other goods, effectively lifting the ban on the supply of Russian fertilizers and cement.

New restrictions from the EU will mean that shipping and insurance companies will be prohibited from transporting or insuring Russian oil if the price at which it is sold exceeds the established ceiling. This cap will be the price at which Russian oil is currently sold in Asia, which is about 30% cheaper than current oil prices in Europe.