Saturday 20 December 2014

Russia overlooks new U.S. sanctions as useless

USA NEWS CORP




Russia overlooks new U.S. sanctions as useless

20 December, 2014, U.S.USA NEWS CORP



Russia dismissed new U.S. sanctions as useless and said it will wait as long as it takes for the U.S. to recognize its historic right to the Crimean peninsula. The Russian Foreign Ministry finds it as "collective punishment" on residents who voted last March to join Russia, adding it was preparing to retaliate. Following several rounds of sanctions earlier this year, President Barack Obama recently approved new restrictions on Crimea which Russia annexed in March after a hastily called referendum. The Russian foreign ministry expressed regret that "the United States and Canada still cannot get over the results of a free vote in Crimea in March, 2014," the referendum that was condemned by the international community as illegal and held under the guns of Russian troops. Canada announced travel bans for dozens of individuals as well as restrictions on the export of technology used in Russia's oil industry. Moscow insisted that the new sanctions won't push Russia to give up Crimea since it is a "historic and integral part of Russia" and said it was working on unspecified measures to retaliate. The ministry referred to Cuba where it took the U.S. decades to revive diplomatic relations. "The White House took half a century to admit that blockading Cuba with sanctions was useless: well, we can wait too," the statement said. Obama's order prohibited U.S. companies and individuals from exporting or importing any goods, services or technology to or from Crimea. U.S. individuals or companies cannot buy real estate or businesses in Crimea or finance Crimean companies. It also freezes any assets in the U.S. of individuals determined by the U.S. Treasury Department to be operating in Crimea. Obama's order supports a European Union ban on investment in Crimea, and other economic restrictions including measures aimed at keeping tourists away leadin gto it's isolation.The new measures on investment, services and trade, beef up the EU's previous response to Russia's annexation of the Crimea .  "Introducing new unilateral sanctions against the Republic of Crimea and the city of Sebastopol by the USA and European Union is direct evidence that the West has acknowledged that the decision by the Crimeans to rejoin Russia was unanimous and voluntary," the ministry said in a statement. Europeans and EU-based companies are now barred from buying real estate or businesses in Crimea, financing Crimean companies or supplying services as of Saturday. Hitting tourism, EU operators will no longer be allowed to offer tourism services to Crimea's Black Sea beaches or other important destinations. Worsening the situation, cruise ships owned by an EU-based company or flying an EU member state's flag will also no longer be allowed to call at Sevastopol or other Crimean ports, except in an emergency. Both the European Union and United States are imposing tighter restrictions on investments in Crimea this week, targeting individuals, Russian Black Sea oil and gas exploration and tourism. Moscow's harsh anti-American rhetoric comes a time when the Kremlin seems to be departing from its defiant stance on a settlement in eastern Ukraine in it's tough time. Lukashevich said "We advise Washington and Ottawa to think about the consequences of such actions. Meanwhile, we will work on retaliatory measures."



USA NEWS CORP



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