16:48 24.08.2018

New U.S. sanctions against Russia involve ban on foreign assistance, arms sales, denial of govt credit

2 min read
New U.S. sanctions against Russia involve ban on foreign assistance, arms sales, denial of govt credit

A notice of the U.S. Department of State regarding new sanctions against Russia that will take effect on August 27 was published on Friday in the U.S. Federal Register.

The new sanctions will involve a ban on foreign assistance, arms sales and financing of such deals, denial of U.S. government credit or other financial assistance and ban on exports of national security-sensitive goods and technology, the document said.

In particular, the new sanctions package terminates assistance to Russia, except for urgent humanitarian assistance and food or other agricultural commodities or products, it said.

The United States will also terminate sales to Russia of any defense articles, defense services, or design and construction services, as well as licenses for the export to Russia of any item on the United States Munitions List, the document said. All foreign military financing for Russia under the Arms Export Control Act is also terminated, it said.


The new sanctions also involve the denial to Russia of any credit, credit guarantees, or other financial assistance by any department, agency, or instrumentality of the U.S. government, including the Export-Import Bank of the United States, it said.


The sanctions will also ban exports of national security-sensitive goods and technology and prohibit the export to Russia of any goods or technology on that part of the control list, the document said.


The Department of State determined that it is essential to the national security interests of the U.S. to waive the application of the sanctions with respect to in particular exports and re-exports of goods or technology pursuant to new licenses in support of government space cooperation and commercial space launches, provided that such licenses shall be issued on a case-by-case basis, consistent with export licensing policy for Russia prior to enactment of these sanctions.

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