Ukraine: How Russia banned itself from nations in a few days?

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UKRAINE – The invasion of Ukraine, launched by Russian President Vladimir Putin on Thursday (February 24th), sparked a wave of international sanctions announcements against Moscow, mainly from Western countries.

“Russia is slowly being cut off from the rest of the world, especially economically, and this will have an extremely heavy impact,” Clément Beaune predicted on Europe on Monday, February 28th. “Sanctions are often said to be a trigger light or water gun of international politics. We went to another universe,” he added.

This is just the beginning, as the White House is scheduled to hold a conference call by Joe Biden this Monday to “coordinate” a unified response with his allies and partners and find new ways to impose sanctions on Russia.

HuffPost It is taking an inventory of the sanctions taken in recent days that excludes Russia from the rest of the world.

Money, nerves of war

Bank of Russia transactions blocked

European foreign ministers agreed on Sunday, in agreement with G7 forces, to block the operations of the Central Bank of Russia. They predict that “more than half of the institution’s reserves” deposited in G7 banks will be paralyzed.

Even the historically neutral Switzerland decided to emulate the EU by reinstating “all” of its economic sanctions on Monday, February 28. Norway’s government announced on Sunday that the country’s sovereign wealth fund, the world’s largest, will split completely from Russia, with 2.5 billion euros in stocks and bonds, by the end of 2021.

Russian banks will soon be banned from Swift

The West and Japan have decided to remove many Russian banks from the Swift interbank platform, an important cog in global finance. These measures have been taken by the United States, France, Germany, the United Kingdom, Canada, Italy and the European Commission. According to the European Union, about 70% of the Russian banking sector is currently affected by the sanctions.

Results don’t take long to come

As a direct result of these sanctions, the ruble set historic records against the dollar and euro on the Moscow Stock Exchange on Monday. The ruble fell 27% to 114.33 rubles per dollar in international trade, according to Bloomberg News. From the first seconds of the exchanges, it was necessary to provide 90 rubles to buy a dollar on Monday morning, against 83.5 at the last official exchange rate on Wednesday before the invasion of Ukraine. Against the euro, the exchange rate fell from 93.5 to 101.19 rubles.

Sanctions are also being felt on the European branch of Russian bank Sberbank, one of the largest banks in the country. According to the European Central Bank, it will be in “bankruptcy or possible bankruptcy” due to “significant” withdrawal of deposits.

retreat in Russian energies

Equinor and BP move away from Russia

Norwegian energy giant Equinor announced that in response to the Russian army’s invasion of Ukraine, it will stop its investments in Russia and withdraw from its joint ventures in that country. Equinor, 67% controlled by the Norwegian state, had $1.2 billion in assets in Russia at the end of 2021 and has been linked to powerful oil group Rosneft since 2012 as part of a partnership.

On Sunday, British major BP announced for itself it would withdraw from Rosneft, which it owns 19.75% of.

Oil prices skyrocketed

WTI is already starting to be felt in the price of a barrel of crude, with Brent rising more than 6% and Brent more than 5% on Monday. .

Russia, persona nonsense in the air
and in the waters

Russian airspace closed

The European Union has announced that it will close its airspace to Russian companies in retaliation for Moscow’s invasion of Ukraine. Canada.

“(To Twenty-Seven) we propose to ban all Russian aircraft, registered in Russia or controlled by Russian interests. They will no longer be able to land, take off or fly over EU territory,” Commission President Ursula von der Leyen said on Sunday.

Also the sea area

And it’s not just in the air that Russia is persona non grata. This is also the case at sea: French authorities seized a commercial boat belonging to the Russian bank PSB in the English Channel on Saturday, making it the target of European sanctions against Moscow, the first visible application of retaliatory measures after the invasion of Ukraine. This Russian flagged boat, which was built especially for the transportation of vehicles, carried its cargo to Saint-Petersburg.

On the sidelines in the world of sports

Exclusion from the FIFA World Cup

Russia has been excluded from the World Cup by its promoter, Fifa, in a joint press release with the European Confederation on Monday (February 28th) announcing the suspension of national teams and Russian clubs “until further notice” in response to the invasion of Ukraine. UEFA).

The Russians, who hosted the last World Cup in 2018, were therefore disqualified from the play-offs of their next tournament at the end of March, and the tournament in Qatar was played with that ticket (November 21-December). 18) and women’s elections will not be able to play Euros in England in July. Spartak Moscow, the last Russian club to qualify for the European Cup this season, is also excluded.

IOC recommends ban

The International Olympic Committee (IOC) recommended on Monday that Russians and Belarusians be banned from sports competitions.

In a press release, the IOC Executive Board “recommends that International Sports Federations and organizers of sporting events not invite Russian and Belarusian athletes and their official representatives to international competitions or allow them to participate”.

Sanctions from all sides

Sanctions have rained down since the Russian invasion: cancellation of the Sochi GP; athletes declared persona non grata in England, Norway and Sweden; the Poles, Swedes and Czechs’ refusal to face them in the 2022 World Cup play-offs; the Ukrainians’ refusal to face the Russians in fencing at one stage of the World Cup; The Russian anthem and flag were banned by the International Olympic Committee (IOC). On the boxing side, the four major organizations – the IBF, WBC, WBA and WBO – announced on Saturday that they would not allow championships in Russia.

A Russian oligarch had to let go of Chelsea’s reins

Russian oligarch Roman Abramovich, owner of Chelsea since 2003 and presented as a close friend of Vladimir Putin, had to entrust the management of the London club to the directors of the charitable foundation.

Manchester terminates contract with Aeroflot, Schalke with Gazprom

Manchester United announced on Friday that it has “cancelled” its sponsorship contract with the airline Aeroflot, which has been banned from British airspace. In Germany, D2 club Schalke 04 removed the Gazprom logo and name from their jerseys before announcing that it was not terminating its contract with its main sponsor. UEFA also cut its partnership with the Russian gas giant.

Russian media banned

European Commission President Ursula von der announced that Russian state media Russia Today (RT) and Sputnik will be banned from the European Union, along with their affiliates, to prevent them from spreading “lies” about Moscow’s war in Ukraine. leyen. That is why we are developing tools to ban toxic and harmful disinformation in Europe,” he said.

A decision also taken by the Bell and Rogers groups, the two major television service providers in Canada.

Virtual War Coming?

In addition to these official sanctions announced around the world, Russia may soon face a much less official online response. On Thursday, February 24, the Anonymous collective declared on Twitter that it was “officially in cyberwarfare against the Russian government” in response to the invasion of Ukraine.

According to naive actress Les Numeriques, her first actions were to take the website of the television channel Russia Today (RT) offline. Information verified by the pro-Russian channel that managed to get its site back on track. According to this 20 minutesIt has been reported that the websites of the Russian Presidency, Government and the Lower House of Parliament, which have been closed to Russian and Kazakh users from time to time, have also been attacked.

See also HuffPost: War in Ukraine: Berlin, Prague, Tokyo… The whole world is showing