Sanctions on Russia

Rachel Ziemba

Inserted 2 years ago

“Over time, Putin was able to find workarounds. One of the workarounds was Putin's decision to pursue selective de-globalization. Even at its most open, Russia was closed off to foreign capital. Putin's other gamble was to forego growth of the Russian economy. By putting off investments and maintaining a tight monetary policy, Russia's balance sheet (including $630bn in foreign currency reserves) looked strong in the lead up to the Ukraine invasion, providing it with an early buffer for any upcoming economic pain.”

Aljazeera

Adjunct Senior Fellow at the Center for a New American Security (CNAS)

28 Feb 2022 7 4

Nikolas Gvosdev

Inserted 2 years ago

“New sanctions are designed to bog Russia down in the long-term but not to impose enough pain for Putin to pull out of Ukraine.”

Aljazeera

Russia expert and editor of world affairs journal Orbis

28 Feb 2022 3 3

Ursula von der Leyen

Inserted 2 years ago

“We are stepping up our support for Ukraine. For the first time, the EU will finance the purchase and delivery of weapons and equipment to a country under attack. We are also strengthening our sanctions against the Kremlin.”

Twitter

President of the European Commission

27 Feb 2022 5 4

Vladimir Putin

Inserted 2 years ago

“Top officials in NATO's leading countries have been making aggressive statements against our country. For this reason, I give orders to the defense minister and chief of the General Staff to introduce a special combat service regime in the Russian army's deference forces. The Western countries are taking unfriendly actions against Russia in the economic sphere. I am referring to the illegitimate sanctions, which are very well-known to everybody.”

Tass

President of Russia

27 Feb 2022 6 3

Dmitry Peskov

Inserted 2 years ago

“Immediate measures are certainly being taken in order to mitigate the damage from sanctions and ensure the unhindered operation of all economic sectors and systems. Russia has every possibility and potential to do that. It was created in advance for such situations. Analysis will be required to determine the retaliatory measures that would best serve our interests.”

Tass

Kremlin spokesman

26 Feb 2022 2 3

Fumio Kishida

Inserted 2 years ago

“Japan must clearly show its position that we will never tolerate any attempt to change the status quo by force.”

Aljazeera

Japanese Prime Minister

25 Feb 2022 2 4

Annalena Baerbock

Inserted 2 years ago

“We are hitting Putin's system where it has to be hit, not only economically and financially, but also at the heart of its power. We are not just listing oligarchs … but we are now also listing the president, Mr Putin, and the foreign minister, Mr Lavrov.”

Aljazeera

Foreign Minister of Germany

25 Feb 2022 4 4

Ursula von der Leyen

Inserted 2 years ago

“This package will include financial sanctions that harshly limit Russia's access to the capital markets. These sanctions will have a heavy impact. Russia's economy has already faced intensive pressure in the recent weeks. And these pressures will now accumulate. These sanctions will suppress Russia's economic growth; increase the borrowing costs; raise inflation; intensify capital outflows; and gradually erode its industrial base. The second main pillar of our sanctions concerns limiting Russia's access to crucial technology. We want to cut off Russia's industry from the technologies desperately needed today to build a future. Our measures will weaken Russia's technological position in key areas, actually from which the elite makes most of their money. And this ranges from high-tech components to cutting-edge software. This will also seriously degrade the Russian economy in all areas in the future. Let me be very clear: It is President Putin who will have to explain this to his citizens. I know that the Russian people do not want this war.”

Ec

President of the European Commission

24 Feb 2022 7 7

Joe Biden

Inserted 2 years ago

“Today, I have directed my administration to impose sanctions on Nord Stream 2 AG and its corporate officers. These steps are another piece of our initial tranche of sanctions in response to Russia's actions in Ukraine. As I have made clear, we will not hesitate to take further steps if Russia continues to escalate.”

Aljazeera

President of the United States

23 Feb 2022 5 6

Boris Johnson

Inserted 2 years ago

“This is the first tranche, the first barrage of what we are prepared to do. It is absolutely vital that we hold in reserve further powerful sanctions...in view of what President Putin may do next. We want to stop Russian companies from being able to raise funds in sterling or indeed in dollars.”

Reuters

UK Prime Minister

22 Feb 2022 5 3

Linda Thomas-Greenfield

Inserted 2 years ago

“Tomorrow, the United States will impose sanctions on Russia for this clear violation of international law and Ukraine sovereignty and territorial integrity. We can, will, and must stand united in our calls for Russia to withdraw its forces, return to the diplomatic table and work toward peace.”

Reuters

United States Ambassador to the United Nations under President Joe Biden

21 Feb 2022 5 4

Dmytro Kuleba

Inserted 2 years ago

“Russia has to be stopped right now. We see how events are unfolding. It's time to act. I'm officially saying that there are all the grounds to implement at least a part of sanctions prepared against Russia, now.”

Reuters

Foreign Minister of Ukraine

20 Feb 2022 2 2

Yinhong Shi

Inserted 2 years ago

“Although China and Russia have moved beyond marriage of convenience to a quasi-alliance, relations between the giant neighbours are far from a formal alliance requiring one to send troops should the other face threats... With the international world so polarised, it's possible the United States and the West would be unified in isolating or sanctioning China together with Russia. An invasion would also show that China's repeated calls for all sides including Russia to resolve the Ukraine crisis peacefully have fallen upon Putin's deaf ears, raising doubts about its effectiveness as an interlocutor.”

Reuters

International relations expert from Renmin University in Beijing

19 Feb 2022 10 5

Vladimir Putin

Inserted 2 years ago

“Sanctions will be imposed in any case. Whether they have a reason today, for example, in connection with the events in Ukraine, or there is no such reason - it will be found, because the goal is different, in this case the goal is to slow down the development of Russia and Belarus. With this aim, there will always be a reason to introduce certain illegitimate restrictions, and this is nothing more than unfair competition. Sanctions pressure is absolutely illegitimate.”

Tass

President of Russia

18 Feb 2022 4 3

Mateusz Morawiecki

Inserted 2 years ago

“We are constructing a package of concrete sanctions, which are to be much stronger than thos from 2014.”

Reuters

Prime Minister of Poland

18 Feb 2022 3 3

Thomas Graham

Inserted 2 years ago

“Russia has worked to sanctions-proof its economy, it has reduced the share of dollars in its foreign currency reserves in favour of the euro and yuan, it has sold off dollar-denominated assets in its sovereign wealth fund, and it has moved to payment in local currencies in its energy trade with China. But the Georgian crisis of 2008 and the Ukraine crisis of 2014 were not initiated by Russia because of high oil prices. Russia was responding to developments that it believed jeopardised its security, much as it would say it is doing today.”

Aljazeera

Former White House adviser on Russian affairs and distinguished fellow at the Council on Foreign Relations

04 Feb 2022 6 5

Greg Priddy

Inserted 2 years ago

“Hitting Russia's oil industry directly is impossible in an age when no country has the spare production capacity to replace it. And there are refineries among NATO's Central European members - Slovakia, Hungary and the Czech Republic - which can only be supplied by Russian pipelines. The SWIFT idea was quickly dropped because they realised that targeting SWIFT in a blanket way would mean, for instance, German utilities would have no way to pay for Russian natural gas, and that gets to be unthinkable. Russia has a permission factor in that is clearly 'too big to sanction' like Iran. What I think we have to be concerned about is that Russia has sufficient financial reserves that the scenario where Russia 'trolls' Europe and causes severe energy problems in Europe, which in turn makes it impossible to stay on message with regard to a western response.”

Aljazeera

Independent oil consultant and former chief energy analyst at Eurasia Group

04 Feb 2022 13 3

Liz Truss

Inserted 2 years ago

“We'll be bringing forward new legislation to make our sanctions regime tougher so we are able to target more companies and individuals in Russia. We will be bringing that forward in the next few days.”

Rferl

British Foreign Secretary

26 Jan 2022 3 3

Boris Johnson

Inserted 2 years ago

“We have a hard-hitting package of sanctions ready to go and what I think it would be fair to say is we want to see our European friends ready to deploy that package as soon as there should be any incursion at all by Russia into Ukraine. It is absolutely vital that ... the West is united now, because it is our unity now that will be much more effective in deterring any Russian aggression.”

Reuters

UK Prime Minister

25 Jan 2022 5 3

Antony Blinken

Inserted 2 years ago

“When it comes to sanctions, the purpose of those sanctions is to deter Russian aggression. So if they're triggered now, you lose the deterrent effect. All of the things that we're doing, including building up in a united way with Europe, massive consequences for Russia, is designed to factor into President [Vladimir] Putin's calculus and to deter and dissuade them from taking aggressive action, even as we pursue diplomacy at the same time.”

Rferl

U.S. Secretary of State

23 Jan 2022 7 3

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“New sanctions are designed to bog Russia down in the long-term but not to impose enough pain for Putin to pull out of Ukraine.”

“We are stepping up our support for Ukraine. For the first time, the EU will finance the purchase and delivery of weapons and equipment to a country under attack. We are also strengthening our sanctions against the Kremlin.”

“Japan must clearly show its position that we will never tolerate any attempt to change the status quo by force.”

“We are hitting Putin's system where it has to be hit, not only economically and financially, but also at the heart of its power. We are not just listing oligarchs … but we are now also listing the president, Mr Putin, and the foreign minister, Mr Lavrov.”

“Tomorrow, the United States will impose sanctions on Russia for this clear violation of international law and Ukraine sovereignty and territorial integrity. We can, will, and must stand united in our calls for Russia to withdraw its forces, return to the diplomatic table and work toward peace.”

“Russia has to be stopped right now. We see how events are unfolding. It's time to act. I'm officially saying that there are all the grounds to implement at least a part of sanctions prepared against Russia, now.”

“We are constructing a package of concrete sanctions, which are to be much stronger than thos from 2014.”

“We'll be bringing forward new legislation to make our sanctions regime tougher so we are able to target more companies and individuals in Russia. We will be bringing that forward in the next few days.”

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