New US sanctions against Russia include a ban on providing certain IT services to Russians and restrictions on the activities of Russian companies and banks at the international level.
Restrictions on the IT industry
Prohibited types of services
According to the new sanctions, from September 12, 2024, it is prohibited to provide citizens and business of the Russian Federation the following types of IT services:
- Consulting and design in the field of information technologies;
- Support and cloud solutions for enterprise software;
- Development of application and production software.
The restrictions do not apply to
At the same time, the US will continue to issue authorizations for some telecommunications and Internet transactions, as it supports the free exchange of information in the world .
Other sanctions restrictions
In addition to the IT sphere, new sanctions have been introduced against more than 300 people and companies involved in Russia's military-industrial complex, money laundering, supply of weapons production equipment, etc. The Russian stock exchange, an insurance company, gas production projects, banks and their divisions abroad fell under the restrictions.
Glossary
- Gazprom Invest is a subsidiary of the Russian gas monopolist Gazprom, engaged in investment activities .
- Arctic LNG 1 and Arctic LNG 3 are natural gas extraction and liquefaction projects in the north of Russia.
- SOGAZ is one of the largest insurance companies in Russia.
Link
- Notification of the US Treasury Department on new sanctions
- Reuters article on the impact of sanctions on the Moscow Stock Exchange
Answers to questions
What was prohibited by the USA for providing services in the Russian Federation?
Against which companies and institutions did the USA introduce new sanctions?
How did the sanctions affect the Moscow Stock Exchange?
Which Russian banks have come under new US sanctions?
What alternative currency is used in Russia due to sanctions?
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Discussion of the topic – New US sanctions against the Russian Federation: Prohibition of IT services and a blow to auxiliary companies
The United States has imposed more than 300 new sanctions against Russian companies that are helping Russia wage war in Ukraine and circumvent existing sanctions. Among the new restrictions is a ban on providing IT services to Russian residents and businesses, with some exceptions.
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Andrii
Indeed, US sanctions can seriously affect the Russian economy. Limiting access to IT services, banning currency trading on the stock exchange and targeted sanctions against key companies - all these are really painful blows. 🇺🇦
Pierre
The Americans are clearly increasing the pressure on the Putin regime. I wonder if this will be enough to end the war? In my opinion, the sanctions should be even tougher, especially in the energy sector. 💭
Olena
It is very good that the civilized world increases the pressure on the aggressor. However, it seems to me that sanctions are not enough. It is necessary to continue military and humanitarian support to Ukraine until the enemy is defeated. 🇺🇦✊
Gerhard
I am a little skeptical about the full effect of the sanctions. Putin seems willing to take an economic hit in order to continue the war. 😕 But limiting IT services can greatly harm Russian industry.
Віктор
That's all this "friendship" with Russia! You see how quickly they introduce sanctions against their former "partners". This shows that their promises could not be trusted from the beginning. 🚫🇷🇺
Sofia
I wonder how these sanctions will affect ordinary Russians? Will they still be able to use some IT services and social networks? After all, this can deepen the information isolation in the country. 🤔
Mykola
You see, the civilized world has to resort to such harsh economic measures to stop war. But I hope it will also make many Russians rethink their support for Putin. 💭
Gertruda
Ah, all these new technologies and sanctions... At my age, I can no longer keep track of it! 🤷♀️ Everything was simpler in my time. It would be better for them to calm down and live peacefully.