Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Kremlin Recognizes Crimea's Independence
18.03.2014 09:05
Kremlin Recognizes Crimea's Independence
Photo Credit: http://www.huffingtonpost.com

The Kremlin has signed an order to recognize the independence of Crimea after its secession referendum on March 16 when the region’s ethnic Russian majority overwhelmingly voted to join Russia.

      The move has been condemned by the West, with the EU and the US imposing a raft of sanctions on individuals and freezing military cooperation.

      US sanctions target seven Russian government officials — presidential aide Vladislav Surkov, presidential advisor Sergey Glazyev, head of State Duma’s CIS committee Leonid Slutsky, head of the Federation Council’s Constitutional Legislation committee Andrey Klishas, speaker of the Federation Council Valentina Matviyenko, vice-premier Dmitry Rogozin and head of State Duma’s committee for the affairs of family, women and children Yelena Mizulina.

      The list also includes four Ukrainians, including the country’s former president Viktor Yanukovich, former chief of staff Viktor Medvedchuk, and Crimea’s newly-elected leader Sergey Aksyonov and head of the republic’s legislature Vladimir Konstantinov.

      The US is expected to freeze their assets and impose a visa ban.

      Treasury Secretary Jack Lew, together with Secretary of State John Kerry, can impose asset freezes and travel restrictions on “any individual or entity that operates in the Russian arms industry, and any designated individual or entity that acts on behalf of, or that provides material or other support to, any senior Russian government official,” the White House said in a statement.

      Many experts say it’s not just individual officials whose interested are at stake. All Russians will have a price to pay economically.

      Earlier, Moody’s has warned Russia could lose investment appeal and its current credit rating due to the uncertainty over the Ukraine crisis. According to the rating agency, Russia’s GDP can suffer as a result, with many private investors withdrawing their funds from the economy. The risk is exacerbated by the fact that many Russian banks and companies operate in Ukraine.

       




Author: Mikhail Vesely

Tags: Ukraine crisis Crimea    

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit



TAGS:
Pobeda  Film Festivals  active holidays in Russia  Moscow Museums of Contemporary Art  Chebarkul   Moscow City Library Centre  Russian tourism  Vyborg  ALEXANDR ROGOV  Events in Moscow  Valery Gergiev  Russian real estate  Dombay  Mercedes-Benz Fashion Week Russia  Kaluga Region  investment  Bolshoi Theatre  criminality  Lomonosov  Penza  Moscow  Russian roads  Nizhny Novgorod  Russian economy  Russian business  Russian scientists  Exhibitions in Moscow  Samara Region  Influenza   Russian Cinema  Ministry for Economic Development  Khodynka Park  toxic substances   Pavel Scherbov Memorial Estate  Orthodoxy  aircraft  Andrei Voznesensky  The Ministry of Culture   Europeans 2012  St. Petersburg  Tyumen  Zenit St. Petersburg  Muzeon Arts Park  electronic employment record books  Inquisition  Russian Orthodox Church  Sestra Peak  VTB  Nature Reserves  Russian science 


Travel Blogs
Top Traveling Sites