Political Sanctions Against Russia and the Crypto Market's Reaction

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We take a look at which countries are imposing sanctions against Russia over its invasion of Ukraine.

Western and Asian leaders have revealed more sanctions on Russia after its forces invaded Ukraine. Australia, New Zealand, Taiwan, the European Union, and Japan have all slapped Moscow with fresh embargoes on Friday, fiercely condemning the military aggression that’s unfolding in Ukraine.

Speaking at a press conference on Friday, Prime Minister Scott Morrison added that Canberra was “also working with the United States to align with their further sanctions overnight on key Belarusian individuals and entities complicit in the aggression, so we are extending those sanctions to Belarus.”on Friday that they would cut trade with Russia and impose travel bans against Russian officials. She continued to call for a return to diplomatic dialogue to resolve the deadlock.

In a statement, the Ministry of Foreign Affairs said on Friday that it “strongly condemns” Russia’s actions.The European Unionnew sanctions early on Friday, pledging to inflict “maximum impact on the Russian economy and political elite.” In his speech to parliament, Johnson reiterated that the goal was “to exclude Russian banks from the UK financial system.”

These new measures will include “export blocks on technology,” a critical angle of Biden’s approach that he said, “would severely limit Russia’s ability to advance its military and aerospace sector.”

 

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