On Thursday, March 24, Pavel Zavalny, chairman of Russia’s State Duma Committee for Power, announced payment terms for international locations having a look to buy oil and fuel from Russia. It’s an extension of the Russian govt’s earlier statement to “unfriendly international locations,” (directed towards maximum Ecu Union member states) announcing that they must pay for his or her power with rubles or gold.

The U.S. Sanctions

Either one of those bulletins from Moscow are a part of a reaction to the Biden management’s White House fact sheet announcing that the U.S. will impose sanctions on Russia. Mainly, the U.S. sanctions have been designed to impose export controls designed to obstruct imports from Russia, block Russian banks from finishing transactions with Western firms in addition to combating get admission to to Russian monetary belongings held at Western monetary establishments.

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