As Russia nears its second anniversary of invading Ukraine, the U.S. is trying to disincentivize the Kremlin from continuing its war against the European country, but such attempts by America might prove to be useless.
Russia’s government said that the U.S. “shouldn’t hold its breath” in pressuring it to stop its offensive on Ukraine.
Such defiance from the Kremlin comes after the Biden administration imposed over 100 sanctions on the country over the war in Ukraine, as reported by the Gateway Pundit.
The sanctions reportedly target “Russian energy production and revenue, the metals and mining sectors, defense procurement, and those involved in supporting Moscow’s war effort,” according to a statement released by the U.S. Department of Treasury (DOT).
Recently, U.S. Treasury Secretary Janet Yellen applauded the sanctions imposed on the Kremlin, saying that such an action taken forth by the Biden administration represents America’s continued “resolve” throughout the ongoing European war.
“Today’s actions demonstrate our further resolve in continuing to disrupt every link of [the] Russian military supply chain, and target outside actors who would seek to support Russia’s war effort,” Yellen said.
The sanctions also target “seven Russia-based banks, an executive of one of those banks, and one Russia-based financial infrastructure entity,” according to the Gateway Pundit.
Today, the United States issued sanctions to disrupt the networks and channels Russia uses to sustain its military by focusing on entities in third countries that provide Russia with high-priority technology and equipment for its war machine. https://t.co/zVLIQhbknA
— Treasury Department (@USTreasury) November 2, 2023
Despite such actions by the U.S., it appears Moscow won’t waver in its efforts to annex Ukraine.
“Russia’s Foreign Ministry called the U.S. measures a continuation of an effort aimed at ‘inflicting a strategic defeat on Moscow.’ But the Biden administration ‘shouldn’t hold its breath,’” a spokesperson for the Russian ministry, Maria Zakharova, said.
A spokesperson on behalf of the Kremlin told local Russian media that “sanctions create additional problems. But we have adjusted to the sanctions. We have learned to hedge against sanctions risks.”
The sanctions come after the International Monetary Fund (IMF) forecasted that Russia may experience the fastest and largest economic growth of any country worldwide, at 2.2%.
To date, the U.S. has frozen hundreds of billions of dollars of Russian money, but such actions are proving to be ineffective, per Reuters.
Russian President Vladimir Putin has joked that the sanctions won’t stop the importing of luxury Mercedes vehicles to the Kremlin and that Moscow will simply downplay the sanctions by purchasing what it chooses on the global market.