Members push for EU travel ban, sanctions on Tucker Carlson for interviewing Putin; Hungary steps in to block the movement

Tucker-Carlson-in-Russia-640x480

Important Takeaways:

  • Hungary Vows to Block EU Sanctions Against Tucker Carlson over Putin Interview
  • …former Belgian prime minister and current member of the European Parliament, Guy Verhofstadt called for an EU travel ban to be imposed on the American journalist and for the bloc to begin the process to levy sanctions…
  • However, the body does not have unilateral authority to sanction individuals but rather can merely present evidence to the European Council…
  • Therefore, socially conservative Hungary has the ability to block the EU from sanctioning Carlson and on Tuesday confirmed that it would do so if the measure was put before the Council.
  • The instant shutdown from Budapest will likely further rile Verhofstadt, who has been at the forefront of calling for the elimination of veto power for EU member states over Hungary’s opposition to funding for the war in Ukraine.
  • The principle of unanimity and the enforcement mechanism of national veto powers, in a similar fashion to the allocation of senators or electoral college votes in the United States, was an essential component of the formation of the European Union as it guaranteed that smaller member states could not be entirely overpowered by larger nations such as France or Germany.
  • Verhofstadt is not alone in favoring the abolition of national veto power, with the bloc’s top diplomat, Foreign Affairs chief Josep Borrell, arguing in December that in light of the threat Russia poses to European democracy, it may be necessary to end unanimity for foreign policy decisions

Read the original article by clicking here.

Iraqi banks ban US Dollar transactions to avoid sanctions

Important Takeaways:

  • The Central Bank of Iraq (CBI) banned eight local banks from making US dollar transactions on 4 February, in an attempt to avoid sanctions and US financial restrictions.
  • A CBI document lists the banned banks as Ahsur International Bank for Investment, Investment Bank of Iraq, Union Bank of Iraq, Kurdistan International Islamic Bank for Investment and Development, Al-Huda Bank, Al-Janoob Islamic Bank for Investment and Finance, Arabia Islamic Bank, and Hammurabi Commercial Bank.
  • “We commend the continued steps taken by the Central Bank of Iraq to protect the Iraqi financial system from abuse, which has led to legitimate Iraqi banks achieving international connectivity through correspondent banking relationships,” a US Treasury Department spokesman said on Sunday.
  • The measures come after Iraqi officials met with the US Treasury Department’s top sanctions official Brian Nelson last week.
  • The Finance Committee in the Iraqi parliament made a statement on 31 January calling for the sale of oil in currencies other than the US dollar, aiming to counter US sanctions on the Iraqi banking system.

Read the original article by clicking here.

China is helping Russia evade Western sanctions; likely supplying tech for its military

Important Takeaways:

  • China is helping Russia evade Western sanctions and likely providing Moscow with military and dual-use technology for use in Ukraine, according to an unclassified U.S. intelligence report released on Thursday.
  • “The PRC is providing some dual-use technology that Moscow’s military uses to continue the war in Ukraine, despite an international cordon of sanctions and export controls,” the ODNI report said.
  • It also said China has become “an even more critical partner” of Russia after Moscow invaded Ukraine last year.
  • China has increased it importation of Russia energy exports, including oil and gas rerouted from Europe, the report said.

Read the original article by clicking here.

National Security Advisor says US is preparing more Sanctions against North Korea

Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.

Important Takeaways:

  • U.S. Preparing More Sanctions on North Korea, Sullivan Says
  • U.S. National Security Advisor Jake Sullivan says the United States is working a new round of sanctions against North Korea
  • As Pyongyang forges ahead with banned missile development and signals a possible new nuclear test.
  • North Korea has said denuclearization is off the table, and accused the United States and its allies of pursing “hostile” policies, including sanctions, that have left it no choice but to expand its military.
  • Decades of U.S.-led sanctions have not halted North Korea’s increasingly sophisticated missile and nuclear weapon programs, and China and Russia have blocked recent efforts to impose more United Nations sanctions

Read the original article by clicking here.

Putin says Sanctions have backfired and are a danger to the entire world

Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.

Important Takeaways:

  • Putin mocks the West, says Russia is gaining from the Ukraine conflict and will press on
  • “I’m sure that we haven’t lost anything and we won’t lose anything,” he told an annual economic forum in Russia’s far-eastern port city of Vladivostok. “The most important gain is the strengthening of our sovereignty, it’s an inevitable result of what’s going on.”
  • He added that the economic and financial situation in Russia had stabilized, consumer prices inflation had slowed down and unemployment has remained low.
  • “Everything unnecessary, harmful and everything that keeps us from moving forward will be abandoned,” he said, adding that Western sanctions were “a danger to the entire world.”
  • Taking aim at foreign corporations that have pulled out of Russia since the invasion, Putin said that many European companies were now folding because of their choice to leave.
  • He added that Western attempts to cap prices for Russian oil and gas were “stupid” and Moscow will have enough customers in Asia.

Read the original article by clicking here.

Moscow reaches out to Tehran amid stiff sanctions

Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.

Important Takeaways:

  • What Putin wants from Iran and why Tehran might be cautious
  • “Russia deepening an alliance with Iran to kill Ukrainians is something that the whole world should look at and see as a profound threat,” U.S. National Security adviser Jake Sullivan said
  • S. officials have said Iran is preparing to help supply Russia with several hundred unmanned aerial vehicles (UAVs), or drones, including some that are capable of firing weapons
  • “Beyond supplying UAVs Iran can also help Russia evade sanctions and potentially collaborate on the manufacture of weapons systems that are less dependent upon supply chains through Western countries,” he said.

Read the original article by clicking here.

Could Russia demand US return Alaska? Official warns judge not lest you be judged

Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.

Important Takeaways:

  • Top Russian Official’s Crazed Threat: Alaska Takeover Could Be Next
  • Russia’s lower house speaker, Vyacheslav Volodin, warned the United States ought to hesitate when seizing or freezing Russian assets abroad, and instead ought to remember that Alaska previously belonged to Russia.
  • “Let America always remember, there is a part of [Russian] territory: Alaska,” Volodin said, according to Hromadske. “So when they start trying to dispose of our resources abroad, before they do it, let them think: we also have something to return.”
  • Medvedev suggested the United States hasn’t been held accountable for several bloody encounters and territorial grabs itself, and that it would do well to not look at Russia before examining its own history.
  • “The entire U.S. history since the times of subjugation of the native Indian population represents a series of bloody wars,” Medvedev said. “The U.S. and its useless stooges should remember the words of the Bible: Do not judge and you will not be judged… so that the great day of His wrath doesn’t come to their home one day.”

Read the original article by clicking here.

Moscow now defaulting on Foreign Debt. Has not happened since 1918

Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.

Important Takeaways:

  • Russia defaults on foreign debt for first time since 1918 following sanctions
  • The default signals the first of its kind since 1918, although Russia has called it artificial because it can afford to pay its debts, but sanctions have frozen its foreign currency reserves held abroad.
  • The Russian Finance Ministry then said it would pay dollar-denominated debts in rubles and offer “the opportunity for subsequent conversion into the original currency.”
  • The country owes around $40 billion in foreign bonds, about half of that is owed to foreigners.

Read the original article by clicking here.

Russia presses forward in a New Phase as US Sanctions fail to bring end to War

Revelations 6:3-4 “when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.

Important Takeaways:

  • US Sanctions Fall Short of Halting Russian War Machine as Ukraine War Enters New Phase
  • “When the Biden administration announced sanctions on the 24th of February, they specifically said, in fact, the president himself tweeted, that their goal was to reduce the ‘ruble to rubble.’ Unfortunately, as we’ve seen today with the ruble trading at higher levels against the dollar since before the attack, by their own metric, the Biden administration has failed,” said Marshall Billingslea, former Assistant Secretary for Terrorist Financing at the Treasury Department
  • As the fighting in Ukraine again escalates, the Biden administration says it’s committed to raising pressure on Russia.
  • Many observers are asking, however, will it be enough?

Read the original article by clicking here.

U.S. Treasury targets Russian Aerospace, Marine and Electronic sectors in new Sanctions

Revelations 6:3-4 “ when he opened the second seal, I heard the second living creature say, “Come!” 4 And out came another horse, bright red. Its rider was permitted to take peace from the earth, so that people should slay one another, and he was given a great sword.

Important Takeaways:

  • Treasury hits Russia with new sanctions targeting evasion networks, tech
  • The U.S. also expanded its ability to sanction the aerospace, marine and electronics sectors.
  • The sanctions, which follow penalties on Russia’s defense industry last week, are part of a broader administration effort to restrict the country’s access to resources it needs to supply and finance its invasion of Ukraine, the Treasury Department said.
  • Among the sanctioned firms is Moscow-based OOO Serniya Engineering, which the Treasury said is at the center of an illicit network operating under the direction of Russia’s intelligence service to help evade sanctions.
  • Treasury Secretary Janet Yellen said in a statement. “We will continue to target Putin’s war machine with sanctions from every angle, until this senseless war of choice is over.”

Read the original article by clicking here.