Page 90 - Export Controls News Today

Have gained from russian kleptocracy. they wont share in the pain. the point the ukrainians are making is right. these costs are going to escalate from here. the two largest banks in the russian economy are $750 billion in assets under management. thats ten times larger. our export controls, which can deny all the critical technology inputs to russia have yet to be unveiled. we can unveil those at any moment. let me also say this, russia is already feeling the pain. their inflation rate has spik...

With absolute certainty if russia further invades ukraine, the united states together with our allies and partners will impose significant and unprecedented economic costs. [ applause ] we have worked intensively with many of you in this room to ensure we are prepared to move forward with consequences. we have prepared together economic measures that will be swift, severe and united. we will impose far-reaching financial sanctions and export controls. we will target russias

Of state for political affairs, victoria neuland, was on another channel and talking about why vladimir putin might respond to sanctions now when he hasnt responded so much in the past. she said the sanctions would be absolutely crushing for russia in terms of russias ability to grow its economy and modernize going forward. weve heard over and over again that nato is just absolutely on the same page when it comes to this in a way that not many would have expected at the start of this conflict in...

Border. an invasion remains distinctly possible. if russia attacks to ukraine, it will be met with overwhelming international condemnation. the united states and our allies and partners around the world are ready to impose powerful sanctions on export controls, including actions that did not, we did not pursue when russia invaded crimea in eastern ukraine in 2014. >> the president did indicate that the diplomatic off ramp is still very much available for putin saying, quote, we should give the d...

>> that would affect us here. that said, that doesnt mean there arent a number of options that the state department could pursue. you have more russia financial institutions. we havent yet seen any export controls put in place on export and sale of u.s. technology that supports its gas sector, its efforts to diversify economy, its efforts to develop technology and its mobile sector and so on. that would hit them hard. of course, you have russian oligarchs, youre for years have allowed those russ...

On be the phone this evening trying to coordinate their response. the president will also be on the phone tomorrow with leaders of the g-7 to sort of ensure theyre on the same page with the sanctions. now when the president does come out we expect him to talk more about these export controls, essentially limiting certain technologies that can be exported to russia. we also expect new sanctions on russian financial institutions and new sanctions of members of putins inner circle. these are all th...

With commentator, brian tyler cohen is talking about the options that he had for confronting russia as it mounts its assault on ukraine. take a listen. >> you have two options, start a third world war, go to war with russia physically, or two, make sure that a country that acts so contrary to international law ends up paying a price for having done it. >> now, the u.s. has adopted a number of sanctions against russia this week, just including on russian banks, on russias sovereign debt. they hav...

Administration impose yesterday against these two large russian banks, against russian elites and individuals, and also against russias sovereign debt that more is going to come. we heard the deputy national security adviser this morning say that it wouldnt necessarily require additional russian military action that the u.s. will continue to impose cost, is the wording he used there, and we know the u.s. has a lot more left in its sanctions bag it could potentially use against russia. weve heard...

And we have seen them sanction russian banks, earlier this week, some individuals who are close to putins inner circle, and sanctioned russias sovereign debt. now you might see things like export controls, that is something that is a tool they had in their kit of sanctions that they did not use earlier this week. theres that big question out there, whether they would go after swift, and removing russia from swift, that would be very significant. and what we heard from president biden is he doesn...

Export controls, and the band of export financing. and finally, these are policy. let me highlight some of the most important points. first, this package includes financial sanctions that cut russias access to the most important capital markets. we are now targeting 70% of the russian banking market. but also, key state owned companies, including the field of defence, and these sanctions will increase russias borrowing costs, raise inflation, and gradually erode russias industrial base. we are a...