Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

World leaders fine-tune sanctions meant to punish Russia

AP
Updated: February 25th, 2022, 11:44 IST
in Home News, International
0
Ukraine Crisis - Russia wishes to continue dialogue with Ukraine: Putin 

AP Pic

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Tokyo: Twenty million dollars in UN humanitarian funds for Ukraine. A raft of new, stronger sanctions against Russia from Japan, Australia, Taiwan and others. And a cascade of condemnation from the highest levels.

As Russian bombs and troops pounded Ukraine during the invasion’s first full day, world leaders began to fine-tune a response meant to punish the Russian economy and its leaders, including President Vladimir Putin’s inner circle.

Also Read

Jagdish Devda

Congress slams MP minister for saying army bowed to PM

1 min ago
Omar Abdullah

Omar Abdullah’s Tulbul revival remark triggers war of words with Mehbooba

12 mins ago

While there’s an acute awareness that a military intervention isn’t possible, for now, the strength, unity and speed of the financial sanctions – with the striking exception of China, a strong Russian supporter – signal a growing global determination to make Moscow reconsider its attack.

Read also – Ready to take in refugees from Ukraine: Danish PM

“Japan must clearly show its position that we will never tolerate any attempt to change the status quo by force,” Prime Minister Fumio Kishida told reporters Friday while announcing new punitive measures that included freezing the visas and assets of Russian groups, banks and individuals, and the suspension of shipments of semiconductors and other restricted goods to Russian military-linked organisations.

“Russia’s invasion of Ukraine is an extremely grave development that affects the international order, not only for Europe but also for Asia,” Kishida said.

Countries in Asia and the Pacific have joined the United States, the 27-nation European Union and others in the West in piling on punitive measures against Russian banks and leading companies. The nations have also set up export controls aimed at starving Russia’s industries and military of semiconductors and other high-tech products.

The moves follow Russia’s full-scale invasion of Ukraine. Putin’s forces conducted airstrikes on cities and military bases, and his troops and tanks rolled into the nation from three sides. Ukraine’s government pleaded for help as civilians fled. Scores of Ukrainians, civilians and service members alike, were killed.

“An unthinkable number of innocent lives could be lost because of Russia’s decision,” New Zealand Prime Minister Jacinda Ardern said. She announced targeted travel bans against Russian officials and other measures.

At the United Nations, officials set aside $20 million to boost UN humanitarian operations in Ukraine. Separately, the UN Security Council is expected to vote Friday on a resolution condemning Russia and demanding the immediate withdrawal of all its forces. Moscow, however, is certain to veto it.

UN humanitarian chief Martin Griffiths said the $20 million from the UN’s Central Emergency Response Fund will support emergency operations along the contact line in eastern Donetsk and Luhansk and in other areas of the country, and will “help with health care, shelter, food, and water and sanitation to the most vulnerable people affected by the conflict”.

The West and its allies have shown no inclination to send troops into Ukraine – a non-member of NATO – and risk a wider war on the continent. But NATO reinforced its member states in Eastern Europe as a precaution against an attack on them, too.

The European Union Aviation Safety Agency, meanwhile, extended to 200 nautical miles the airspace it considers risky, and warned of “the threat of missile launches to and from Ukraine”.

Protests by Ukrainians and their supporters were held Friday in Taiwan, Mongolia and Australia. Public buildings, sports stadiums and landmarks in the Australian city of Melbourne were illuminated in Ukraine’s national colours of blue and yellow.

Japan’s new sanctions follow an earlier set of measures that include the suspension of distributing and issuing new Russian government bonds in Japan – a move aimed at cutting funding for Russia’s military – a trade ban with two Ukrainian separatist regions and the freezing of their assets and visas.

Japan, which has long sought to regain control of Russian-held northern islands seized at the end of World War II, took a milder stance toward Moscow during Russia’s 2014 Crimea annexation.

Tokyo’s response to the current invasion has been considered tougher and faster, something that may be linked to a deep worry in Tokyo over China’s increasingly assertive military actions in the region.

South Korea, like Japan a strong US ally, has been more cautious.

South Korean President Moon Jae-in said his nation will join international sanctions, but won’t consider unilateral sanctions.

South Korea’s comparative caution is likely because its economy is heavily dependent on international trade. It also worries that strained ties with Moscow could undermine efforts to resolve the North Korean nuclear crisis.

Russia is reportedly South Korea’s 10th largest trading partner, and Moscow is a veto-wielding member of the UN Security Council and maintains friendly ties with North Korea.

Taiwan announced Friday that it would join in economic sanctions against Russia, although it did not specify what type of measures those would be. Sanctions could potentially be focused on export control of semiconductor chips, local media reported. Taiwan is the dominant manufacturer of such chips, a critical component used in technologies from cars to laptops to cellphones.

While most nations in Asia rallied to support Ukraine, China has continued to denounce sanctions against Russia and blamed the United States and its allies for provoking Moscow. Beijing, worried about US power in Asia, has increasingly aligned its foreign policy with Russia to challenge the West.

“At a time when Australia, together with the United Kingdom, together with the United States and Europe and Japan, are acting to cut off Russia, the Chinese government is following through on easing trade restrictions with Russia and that is simply unacceptable,” Australian Prime Minister Scott Morrison said Friday.

“You don’t go and throw a lifeline to Russia in the middle of a period when they’re invading another country,” he added, referring to a report in The South China Morning Post that China had announced it was fully open to Russian wheat imports.

The Russian invasion initially sent stocks slumping and oil prices surging on fears of higher costs for food and fuel, but Asian shares were higher Friday after US stocks recovered toward the end of a wild trading day.

Tags: AustraliaJapanRussiaTaiwanUkraineUN humanitarian fundsVladimir PutinWorld leaders
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

D Rama Rao

December 12, 2019
#MyPaperBagChallenge

Tapaswini Mallick

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Ipsita

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Pratik Kumar Ghibela

December 12, 2019
#MyPaperBagChallenge

Lopali Pattnaik

December 12, 2019
#MyPaperBagChallenge

Pragyan Priyambada

December 12, 2019
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Archit Mohapatra

December 12, 2019
#MyPaperBagChallenge

Anup Mahapatra

December 12, 2019
#MyPaperBagChallenge

Diptiranjan Biswal

December 12, 2019
#MyPaperBagChallenge

Mrutyunjaya Behera

December 12, 2019
#MyPaperBagChallenge

Parbati Mohanty

December 12, 2019
#MyPaperBagChallenge

Narendra Kumar

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Mandakini Dakua

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Chinmay Kumar Routray

December 12, 2019
#MyPaperBagChallenge

Anasuya Sahoo

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Priyasha Pradhan

December 12, 2019
#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Pratyasharani Ghibela

December 12, 2019
#MyPaperBagChallenge

Shreyanshu Bal

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Archana Parida

December 12, 2019
#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019

Archives

Editorial

Sound & Fury

China-US
May 14, 2025

The outcome of any war between two unequal forces could be predictable – maybe the stronger side wins and the...

Read more

Breaking Walls

Pope Leo XIV
May 13, 2025

I t is of great significance that Robert Francis Prevost, who has succeeded Pope Francis, repeated the word ‘peace’ ten...

Read more

Dangerous Liaisons

india pakistan
May 12, 2025

India and Pakistan have halted military actions for now, a day after Pakistan breached a ceasefire initially announced to the...

Read more

Doval Doctrine

Aakar Patel
May 11, 2025

India’s Defence Planning Committee was set up on 19 April 2018. It was chaired by national security advisor Ajit Doval...

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2024 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST