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:

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:

A Special Group in the UK will Monitor Financial Flows from Russia

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Wooden Architecture  Russian Cinema  Russian ballet  Russian tourism  Exhibitions in Moscow  Ukraine  Russian universities  ExxonMobil  travel to Russia  the Volga Region   Chukotka  Medical Problems  Roman Abramovich  Perm  Olympic medals  Mikhail Bulgakov  car production   robotics in Russia  Arctic  ENEA  biology  Novoaltaisk  business  Moscow lanes  Moscow Kremlin   Romanovs  Mercedes-Benz Fashion Week Russia  Russian business  IT  Amber Museum  New York  Comics  Kuzminki  Russian Animation  Russian regions  export  World Heritage List  Festivals in Moscow  anti-terror teachings  hospitality sector in Russia  Nafta Moskva  St. Petersburg  AIDS  music  Cheboksary  aircraft  Moscow  kochi  Ivanovo Oblast  Archeological Finds 

Travel Blogs
Top Traveling Sites