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U.S. expands sanctions against Russia, which will only accelerate dedollarization and global shift into BRICS

  The U.S. State Department and Treasury  sanctioned another 300 people and entities  in Russia and elsewhere this week in a desperate bid t...

 The U.S. State Department and Treasury sanctioned another 300 people and entities in Russia and elsewhere this week in a desperate bid to stop Russia from taking back land in Ukraine that is rightfully owned by Russia.

The 300 people and entities targeted are accused of having ties to Moscow's "war economy," this being the term that Treasury Secretary Janet Yellen has chosen to use to describe the current state of affairs in Russia.

The Treasury Department insists that these 300 new targets are enabling Moscow to evade the Western embargo, and thus must be stopped.

"Today's actions strike at their remaining avenues for international materials and equipment, including their reliance on critical supplies from third countries," Yellen said.

The affected parties account for more than $100 million in trade between Russia and its foreign partners. The companies and individuals included in the sweep hail from China, Kyrgyzstan and Turkey, and the U.S. is also going after other targets in east and central Asia, Africa, the Middle East and the Caribbean.

"We are increasing the risk for financial institutions dealing with Russia's war economy and eliminating paths for evasion, and diminishing Russia's ability to benefit from access to foreign technology, equipment, software, and IT services," Yellen's agency added.

The State Department and Treasury further issued their own new interpretations of existing executive orders that prohibit U.S. citizens from providing anyone in Russia with "IT consultancy and design services," as well as "IT support services and cloud-based services for enterprise management software and design and manufacturing software." 

U.S. threatens third-country financial institutions that facilitate Russian transactions

Not content with just this, the Treasury also redefined Russia's military-industrial base to include all persons that are sanctioned under Executive Order 14024, which includes third-country financial institutions like Sberbank and VTB that facilitate transactions in Russia.

These third-country entities "risk being sanctioned for conducting or facilitating significant transactions, or providing any service" to Russia, the Treasury threatened.

Since February 2022 when Russia launched its special military operation in Ukraine, Washington has sanctioned more than 4,000 Russian individuals and companies. The goal is to impede Russia's ability to complete its mission in Ukraine.

This latest round of sanctions from the West comes right before the G7 summit in Italy where the U.S. is hoping to announce progress in the confiscation of frozen Russian sovereign assets. This likely will not happen, though, as the U.S. and its allies in the European Union (EU) have reportedly been unable to agree on what they must do next to stop Russia.

Meanwhile, Russia is making moves to counter what the U.S. and its Western allies are trying to do. Russian Foreign Ministry spokeswoman Maria Zakharova responded to this latest round of sanctions by stating that Moscow "will not leave the aggressive actions of the U.S. unanswered."

We have also learned that the Moscow Exchange, Russia's stock exchange, will no longer conduct trades in U.S. dollars or euros starting on June 13, 2024.

"The U.S. regime is out of ideas and has to keep up the pretense that they are doing something effective," speculated one commenter on a news item about these developments. "They are not."

"If these U.S. dimwits knew anything about Russia and what a real economy is, they would not bother with any of these sanctions because they would know they are futile."

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