Trump Russian Sanctions?

Baz Ares

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Really, how many new sections are being applied by the Great Douche?
I keep asking and no one knows. Yep, Very few to none.

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waltky

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Granny says, "Dat's right - dat's the Donald gonna make `em cry Uncle!...

Ruble Tumbles as U.S. Sets Out New Sanctions on Russia
Aug. 9, 2018 — Russia’s currency fell on Thursday to its lowest dollar value in nearly two years, jarred by new American sanctions imposed in response to a nerve-agent attack on a former Russian spy in Britain.
For several years, the Russian economy has appeared able mostly to shrug of the effects of a series of Western sanctions tied to its incursions into Ukraine and its election meddling. Buoyed by rising oil prices, the economy even grew modestly this year. But the ruble’s precipitous decline may be a clear sign that the sanctions have begun to cloud the country’s long-term economic outlook. As the ruble slumped through the day, officials in Moscow expressed dismay that the new restrictions came so soon after what they saw as a positive summit meeting between President Trump and Vladimir V. Putin, in Helsinki, Finland last month.

When Mr. Trump and Mr. Putin met, Russia’s foreign minister, Sergey L. Lavrov, called the summit “better than super” for Russia. But investors were taking a different view this week. A domestic bond issue was met with lackluster demand despite rising interest rates. And at times, Russian media reported, liquidity dried up on currency exchanges as ruble sellers far outnumbered buyers. Market turmoil began earlier this month after Republican and Democratic lawmakers in the United States Congress introduced a draft bill to punish Russia for election meddling, and accelerated with the announcement of the separate chemical weapons sanctions on Wednesday.


Before the sanctions scare began, it cost just 62.5 rubles to buy a dollar, but by the end of the day Thursday, but the Russian currency had weakened to 66.5 to the dollar. Russia’s main stock index, the Micex, dipped on news of the chemical weapons sanctions but recovered loses by the close. Some companies were hit harder. Shares in Aeroflot, the national airline, fell 11.4 percent before bouncing back later in the day. The chemical weapons sanctions could ban flights between the United States and Russia within three months, a State Department official told reporters in Washington.


Police officers in Salisbury, England, in March during the investigations into the poisoning of Sergei V. Skripal, a former Russian spy.​




The Trump administration said it was acting in compliance with the Chemical and Biological Weapons Control and Warfare Elimination Act of 1991, which mandates that once the government has determined that a country has used chemical or biological weapons in violation of international law, sanctions must be imposed. British officials have declared that Russia was to blame for the poisoning of Sergei V. Skripal, a former Russian intelligence officer once imprisoned for selling secrets to the British, and his daughter, Yulia. They were exposed to a rare nerve agent belonging to a class of Soviet-developed chemical weapons known as Novichok. The Skripals survived, but a woman later exposed to the same chemical in Britain died.



The restrictions cover exports to Russia of anything with a potential national security purpose, such as gas turbine engines, electronics, and testing and calibration equipment. The ruble tumbled despite what economists considered a modest direct effect on Russia’s economy of this sanction, which will come into force later this month.



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