Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Lebanese Ministry of Health: One person was killed in an Israeli airstrike on a car in the town of Burj Qalawieh, south Lebanon.
Al Mayadeen correspondent: The first ship of the Maghreb fleet delivering aid to break the siege on Gaza departs from the port of Gammarth in Tunisia.
Channel 12: Airspace closed at Ramon Airport due to fears of drone infiltration
IOF Spokesperson: Sirens sounded over an aircraft infiltration in the Bir Ora area, and details are being examined
Drone infiltration sirens sound north of the Gulf of Aqaba
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out five extremely violent raids on the western areas of Gaza City
Al Mayadeen's correspondent in Gaza: The Israeli occupation carried out major bombings in the Gaza Strip, the most violent since October 7
Yemeni Armed Forces spokesperson Brigadier General Yahya Saree: The missile force carried out a major operation using the Palestine 2 ballistic hypersonic missile, hitting several targets in occupied Yafa.
Sirens sound in large areas of occupied Palestine after a missile launch from Yemen was detected
Al Mayadeen's correspondent: 14 martyrs arrive at al-Shifa Hospital following Israeli massacre of al-Sultan Family north of Gaza.

US, EU poised to impose sanctions on Russia: reports

  • By Al Mayadeen English
  • Source: WSJ
  • 28 Sep 2022 18:28
  • 1 Shares
3 Min Read

The United States and its close ally, the European Union, are reportedly heading toward imposing further sanctions on Moscow.

  • x
  • The American flag waving alongside EU flags
    The American flag waving alongside EU flags

The United States and the European Union are set to impose individual sanctions on Russia, The Wall Street Journal reported on Tuesday, citing officials who leaked the information on the condition of anonymity.

The White House will seek to inflict damage on Russia through several Russian state-linked financial institutions, such as the Russian Deposit Insurance Agency, National Payment Card System (Mir), Central Counterparty National Clearing Center, and the National Settlement Depository, the WSJ report said.

Russian deputy foreign minister Alexander Pankin revealed in late August that the Bank of Russia was actively developing the Financial Message Transmission System.

Russia believes that a gradual shift from the SWIFT interbank payment system to more secure channels for sending financial information protected from external pressure is necessary, Pankin told TASS in an interview.

Last February, Russian banks were excluded from the SWIFT interbank payment system by the decision of the European Commission and its allies. The maneuver was intended to hit the country's banking network and its access to funds via SWIFT, which is pivotal for the smooth transaction of money worldwide.

Reportedly, the Biden administration also seeks to block more Russian banks from accessing the SWIFT system, imposing export controls on further goods, and imposing sanctions on more companies run by Moscow.

The European Commission is likely to head in the direction of proposing additional import and export controls and sanctioning more Russian officials and pro-Russian forces in Ukraine.

Related News

US, China to resume talks in Madrid; tariffs, TikTok on agenda

China warns Philippines against provocations in South China Sea

The key good Brussels is seeking to impose a ban on is nonindustrial rough diamonds, a major source for Belgium's diamond industry.

The EU may also ban importing Russian steel and steel-related products, chemicals, and machinery. Brussels is also expected to tighten export controls on components that could be used in weaponry, aviation, and hydraulics, according to WSJ.

Russian Deputy Foreign Minister Sergey Ryabkov said the pressure the United States and its allies have been exerting on Russia has both conceptually and practically run its course.

"Sanction pressure has run its course conceptually, and it has exhausted itself tangibly. There are many in the West who admit that the sanctions are not working," he said.

Read next: US sanctions crusade against Moscow has run its course: Deputy FM

As the hysteric sanctions on Russia started taking place, Russian President Vladimir Putin signed a decree back in May authorizing the use of new special tit-for-tat economic measures in response to hostile activities by certain foreign nations and international organizations.

The document forbids fulfilling obligations and finalizing deals with foreign persons and legal organizations under retaliatory restrictive measures, as well as exporting raw materials and goods from Russia for the benefit of these individuals.

According to the decree, these measures are taken to protect Russia’s national interests "due to unfriendly actions which contradict international law by the United States of America and foreign states and international organizations that joined them directed at illegitimately depriving the Russian Federation, the citizens of the Russian Federation and Russian legal entities of property right and restricting their property right."

  • United States
  • Russia
  • Sanctions on Russia
  • MIR payment system
  • Ukraine
  • European Commission
  • European Union
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

The damaged building in the Katara neighborhood, Doha, Qatar, September 9, 2025 (Social media)

Hamas delegation survives Israeli assassination attempt in Qatar

  • Politics
  • 9 Sep 2025
Israeli police and rescue teams respond at the scene of a shooting attack where several people killed and injured in Jerusalem, Monday, Sept. 8, 2025 (AP)

Al-Quds shooting: 7 settlers killed, several critically injured

  • Politics
  • 8 Sep 2025
Pro-"Israel" conservative Charlie Kirk shot during Utah speech

Pro-'Israel' far-right Charlie Kirk shot dead during Utah speech

  • US & Canada
  • 11 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
People protest against Israeli Prime Minister Benjamin Netanyahu during the 79th session of the United Nations General Assembly, in New York, on Friday, September 27, 2024 (AP)
Politics

'Israel' stops unfunded diplomacy ahead of UN, October 7 memorial

An Israeli Air Force fighter jet releases flares over the Gaza Strip, is seen from southern occupied Palestine, Thursday, May 8, 2025 (AP)
Politics

OIC summit draft: Israeli attack on Qatar risks normalization

People shout slogans and hold Palestinian flags while protesting during the twenty-first stage of La Vuelta cycling race from Alalpardo to Madrid, Spain, Sunday, Sept. 14, 2025. (AP)
Sports

Pro-Palestine protests force abrupt end to Vuelta a España finale

Damage is seen after an Israeli strike targeted a compound that hosted Hamas' political leadership in Doha, Qatar, on Wednesday, September 10, 2025 (AP)
Politics

Israeli regime faces growing isolation over Qatar strike: Reports

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS