US and EU set to impose further sanctions on Russia – Newstrends
Connect with us

International

US and EU set to impose further sanctions on Russia

Published

on

White House Press Secretary Jen Psaki

Western leaders are set announce a further set of sanctions against Russia on Wednesday, the US has said.

White House Press Secretary Jen Psaki said the measures will target Russian financial and state-owned bodies, as well as some officials and oligarchs.

Ms Psaki said the move will “hold accountable the Russian kleptocracy that funds and supports Putin’s war”.

Calls for further sanctions have grown in recent days amid allegations of Russian atrocities in Bucha.

The town’s mayor told the BBC on Tuesday night that Russian forces had killed around 320 civilians during their occupation of the town, while the discovery of mass graves has caused outage in western capitals.

Ms Psaki told reporters during a news conference in Washington DC on Tuesday that the sanctions, which are expected to include a ban on all new investment in Russia, will “degrade key instruments of Russian state power, impose acute and immediate economic harm on Russia”.

The Wall Street Journal said on Tuesday that the Sberbank, Russia’s largest lender, may be among those targeted.

US media has suggested that sanctions could also target the two daughters of Russian President Vladimir Putin, though Ms Psaki refused to comment on the reports.

She added that the sanctions will be announced will be taken in coordination with the EU and other G7 nations.

READ ALSO:

“In coordination with the G7 and the EU, an additional sweeping package of sanctions measures that will impose costs on Russia to send it further down the road of economic, financial, and technological isolation,” Ms Psaki said.

On Tuesday, the European Commission proposed broad new sanctions on Russia, including a potential ban on imports of Russian coal and additional measures targeting state-owned businesses and officials and oligarchs in Moscow.

The proposed ban on Russian coal, which must be agreed by all 27 member states, would mark the first time the EU has blocked imports of Russian energy.

The bloc buys around €4bn (£3.3bn) worth of coal from Moscow every year.

Some member states, including Germany, are heavily reliant on Russian energy and had been reluctant to directly target the sector. But sentiment appeared to change after evidence of Russian war crimes emerged, with French President Emmanuel Macron joining calls for a ban earlier this week.

Member states are also expected to impose a “full transaction ban” on four Russian banks and ban a range of other Russian and Belarus imports, including wood, cement, seafood and liquor, worth €5.5 billion (£4.59bn).

And Ursula von der Leyen, the European Commission president, said she intends to close EU ports to Russian vessels and ban Russian and Belarusian road transport operators from the region.

Ms Von der Leyen accused Russia of “waging a cruel and ruthless war” against Ukrainian civilians and said the EU must “sustain utmost pressure on Putin and the Russian government at this critical point”.

But Lithuanian Foreign Minister Gabrielius Landsbergis on Tuesday evening criticized the EU’s proposed sanctions package, calling it a “feeble response” which is “an invitation for more atrocities.”

“Coal, four banks…a ban on ports and borders (with exceptions) is not really an adequate sanctions package to the massacres that are being uncovered,” Vilnius’ chief diplomat wrote on Twitter.

Addressing the UN Security Council on Tuesday, Ukrainian President Volodymyr Zelensky accused Russian leaders of committing war crimes in his country and called for them to be brought to justice.

“The Russian military searched for and purposefully killed anyone who served our country,” he said. “They killed entire families, adults and children, and they tried to burn the bodies.”

MSN

 

International

American man arrested for beating tourist to death at Ireland hotel

Published

on

American man arrested for beating tourist to death at Ireland hotel

A 30 year old American man whose name was not given by security officials, has been arrested for beating up a 60 year old tourist to death at the Ballyfin Demesne hotel in Laois, Ireland.

The Irish police force commonly known as ‘Garda Síochána’ announced that the incident occurred in the late hours of Tuesday, November 12.

Ballyfin Demesne hotel, is a popular luxury five-star hotel located in Laois, Ireland and special guests such as Kanye West, Kim Kardashian, George Clooney e.t.c had made use of the hotel in times past.

The victim was discovered unconscious in the late hours of Tuesday, November 12 and was then rushed to the hospital were he died due to severe beating inflicted on him by the culprit.

READ ALSO:

Independent local councilor James Kelly stated that nearby communities were ‘stunned’ upon learning about the incident at the renowned hotel.

He said, “There would be a lot of staff from the area and they’re totally shocked by what has happened here.

“It’s something we didn’t think we’d be waking up to this morning.”

The police also noted that a senior officer has been assigned to lead the investigation and an incident room has been set up at Portlaoise Garda Station, Ireland.

Furthermore, a family liaison officer will  be designated to assist the family of the deceased.

 

Continue Reading

International

FBI raids home of crypto platform Polymarket CEO, after accurate prediction of Trump win

Published

on

FBI raids home of crypto platform Polymarket CEO, after accurate prediction of Trump win

The Federal Bureau of Investigation on Wednesday carried out a raid at the home of Shayne Coplan, CEO of cryptocurrency prediction outlet Polymarket.

Authorities seized Mr Coplan’s phone during the raid, according to New York Post which first reported the incident.

Mr Coplan, 26, has been running the famous platform for bets throughout the 2024 presidential election in the United States.

READ ALSO:

It wasn’t immediately clear why the search was conducted, but Polymarket promptly said it might be due to its activities during the election. Users on the platform had correctly predicted Donald Trump was going to defeat Kamala Harris. The company paid out a substantial amount to winners following the election.

“This is obvious political retribution by the outgoing administration against Polymarket for providing a market that correctly called the 2024 presidential election,” a spokesperson for Polymarket said in a statement from its headquarters in New York.  “Polymarket is a fully transparent prediction market that helps everyday people better understand the events that matter most to them, including elections.”

It was unclear whether or not the FBI would be filing charges after the raid.

 

FBI raids home of crypto platform Polymarket CEO, after accurate prediction of Trump win

Continue Reading

International

Two dead, buildings destroyed in American factory explosion

Published

on

Two dead, buildings destroyed in American factory explosion

Two employees of Givaudan sense colour, a factory known for making colourings for beverages, located in Louisville, Kentucky, United States (US) were killed in an explosion that took place at the company’s facility.

The factory reported that the incident which took place on Tuesday, November 12 in the afternoon have also destroyed buildings around the company.

READ ALSO:

Louisville Mayor, Craig Greenberg stated that firefighters managed to rescue and evacuate numerous individuals from the site, including some who sustained life-threatening injuries.

He also confirmed that all employees present at the plant during the explosion have been accounted for.

Earlier reports indicated that at least 11 workers were hospitalized.

The cause of the explosion is still under investigation.

 

Two dead, buildings destroyed in American factory explosion

Continue Reading

Trending