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 National Security Advisor Jake Sullivan made the announcement on April 16, saying that the US expects its allies and partners to follow with parallel measures. 

US says new sanctions on Iran coming soon

National Security Advisor Jake Sullivan made the announcement on April 16, saying that the US expects its allies and partners to follow with parallel measures.

The United States said Tuesday it would soon impose new sanctions on Iran's missile and drone program after its weekend attack on Israel, and that it expects its allies and partners to follow with parallel measures.
US National Security Advisor Jake Sullivan's announcement came after Treasury Secretary Janet Yellen indicated punitive measures were in the works, and European Union foreign policy chief Josep Borrell said his office was working on it.
Iran sent more than 300 missiles, drones and rockets at Israel over the weekend, in what it said was retaliation for a deadly strike on Tehran's consulate in Damascus. Nearly all of the projectiles were intercepted, and there was little damage.
"In the coming days, the United States will impose new sanctions targeting Iran, including its missile and drone program" as well as the Revolutionary Guards and the Iranian defense ministry, Sullivan said in a statement.
"We anticipate that our allies and partners will soon be following with their own sanctions," he added.
"These new sanctions and other measures will continue a steady drumbeat of pressure to contain and degrade Iran's military capacity and effectiveness and confront the full range of its problematic behaviors."
US authorities have been using economic tools to counter Iran's activities, taking aim at its drone and missile programs, as well as its financing of groups like Hamas, which launched its own attack on Israel on October 7.
Earlier, Yellen previewed the sanctions, telling reporters: "Iran's actions threaten the region's stability and could cause economic spillovers."
The Treasury will not hesitate to work with US allies to "use our sanctions authority to continue disrupting the Iranian regime's malign and destabilizing activity," she said.
She added that "all options to disrupt terrorist financing" will be on the table.
<h2>'More that we could do'</h2>
Months of war between Israel and Hamas in Gaza have triggered violence in the region involving Iranian proxies and allies who say they are acting in support of Palestinians in the Gaza Strip.
But tensions have soared even higher with Tehran's first direct assault on Israel, which has prompted appeals for de-escalation by world leaders fearing wider conflict.
Yellen did not offer specifics on the possible measures to be taken, but said Washington has been working to diminish Iran's ability to export oil, adding there might be "more that we could do."
The United States is also looking to work with G7 partners and countries including China to constrain Iran's ability to access goods needed to build weapons, a senior Treasury official told reporters.
"We're going to have conversations with all major suppliers around the world," the official said.
In Brussels, Borrell said after an emergency meeting of EU foreign ministers that some member states had proposed "the adoption of expanded restrictive measures against Iran" and that his office would begin preparatory work.
"We have to move away from the edge of the abyss," Borrell said.
Sullivan said that Washington had sanctioned more than 600 Iran-linked individuals and entities "connected to terrorism, terrorist financing and other forms of illicit trade, horrific human rights abuses, and support for proxy terrorist groups."
"The pressure will continue," he warned.
"We will not hesitate to continue to take action, in coordination with allies and partners around the world, and with Congress, to hold the Iranian government accountable for its malicious and destabilizing actions."

The US on Friday sanctioned more than 1,000 people and firms connected to Russia's invasion of Ukraine, including its Central Bank governor and families of National Security Council members, after President Vladimir Putin signed treaties absorbing occupied regions of Ukraine into Russia, in defiance of international law.
The Treasury Department named hundreds of members of Russia's legislature, leaders of the country's financial and military infrastructure and suppliers for sanctions designations. The Commerce Department added 57 companies to its list of export control violators, and the State Department added more than 900 people to its visa restriction list.
“We will not stand by as Putin fraudulently attempts to annex parts of Ukraine,” said Treasury Secretary Janet Yellen.
“The Treasury Department and US government are taking sweeping action today to further weaken Russia's already degraded military industrial complex and undermine its ability to wage its illegal war.”

US hits Russia with sanctions for absorbing occupied Ukrainian regions

The Treasury Department named hundreds of members of Russia's legislature, leaders of the country's financial and military infrastructure

The US on Friday sanctioned more than 1,000 people and firms connected to Russia's invasion of Ukraine, including its Central Bank governor and families of National Security Council members, after President Vladimir Putin signed treaties absorbing occupied regions of Ukraine into Russia, in defiance of international law.
The Treasury Department named hundreds of members of Russia's legislature, leaders of the country's financial and military infrastructure and suppliers for sanctions designations. The Commerce Department added 57 companies to its list of export control violators, and the State Department added more than 900 people to its visa restriction list.
&ldquo;We will not stand by as Putin fraudulently attempts to annex parts of Ukraine,&rdquo; said Treasury Secretary Janet Yellen.
&ldquo;The Treasury Department and US government are taking sweeping action today to further weaken Russia's already degraded military industrial complex and undermine its ability to wage its illegal war.&rdquo;

With the Russia-Ukraine war nearing the 100th-day grim milestone, Russia's second-richest man and his ultra-luxurious superyacht are in the news. The Pacific, a $150 million superyacht, is owned by Leonid Mikhelson, and it disappeared from the radar for almost two weeks, before reappearing on May 20, as per a Bloomberg report.
Mikhelson, who is founder and chairman of natural gas producer Novatek, is one of the many Russian billionaires sanctioned by USA and its allies after Moscow attacked Ukraine.
The Pacific superyacht had signalled that it was on its way to the Bahamas before it turned its transponder off, which was then turned on near the Canary Islands on May 20. Experts believe that the yacht may eventually sail to Maldives or Turkey, as these are seen as Russia's friendly nations, and the vessel may not be seized there under sanctions.
What sets the Pacific apart from many other superyachts is its metallic finish, which appears to change colour in sunlight. The Pacific has 6 cabins to host guests, and features a movie theatre, swimming pool, jacuzzi, and two massive helipads.
Russian billionaires are in a hurry to secure their luxury superyachts as their villas, luxury cars and bank accounts in Europe are seized as punishment for the war. Over a dozen yachts, worth over $2.25 billion have been confiscated so far, as per reports.

Russian billionaire Leonid Mikhelson's 'colour-changing' yacht Pacific resurfaces after 2 weeks off the radar amid sanctions hunt | Ukraine war

Russian billionaire's 'colour-changing' yacht resurfaces after 2 weeks off the radar amid sanctions hunt | Ukraine war

The Pacific, a $150 million superyacht, is owned by Leonid Mikhelson, who is facing sanctions over the Russia-Ukraine war.

With the Russia-Ukraine war nearing the 100th-day grim milestone, Russia's second-richest man and his ultra-luxurious superyacht are in the news. The Pacific, a $150 million superyacht, is owned by Leonid Mikhelson, and it disappeared from the radar for almost two weeks, before reappearing on May 20, as per a Bloomberg report.
Mikhelson, who is founder and chairman of natural gas producer Novatek, is one of the many Russian billionaires sanctioned by USA and its allies after Moscow attacked Ukraine.
The Pacific superyacht had signalled that it was on its way to the Bahamas before it turned its transponder off, which was then turned on near the Canary Islands on May 20. Experts believe that the yacht may eventually sail to Maldives or Turkey, as these are seen as Russia's friendly nations, and the vessel may not be seized there under sanctions.
What sets the Pacific apart from many other superyachts is its metallic finish, which appears to change colour in sunlight. The Pacific has 6 cabins to host guests, and features a movie theatre, swimming pool, jacuzzi, and two massive helipads.
Also watch:&nbsp;<a href="https://www.editorji.com/world-news/this-military-drone-with-ai-attacks-enemies-without-operator-s-command-in-high-demand-says-firm-kargu-1653753564830" target="_blank">This military drone with AI attacks enemies without operator's command; in high demand, says firm | KARGU</a>
Russian billionaires are in a hurry to secure their luxury superyachts as their villas, luxury cars and bank accounts in Europe are seized as punishment for the war. Over a dozen yachts, worth over $2.25 billion have been confiscated so far, as per reports.

Sanctions against Russia are hurting its trade with other countries, but defence supplies to India have reportedly been on track so far.&nbsp;India recently received simulators and other equipment from Russia for the training squadron of the S-400 Triumf missile defence system, as per news agency ANI.
Interestingly, the S-400 missile deal is a bone of contention between Delhi and Washington, with America still dangling the threat of sanctions against India over the purchase.&nbsp;India has also imported overhauled aircraft engines and spares from Russia in recent days, as per the report.
Although Russia supplies are continuing for now, the future is uncertain, according to defence sources quoted by ANI.&nbsp;The biggest hurdle is that India is finding it hard to make payments to Russia due to sanctions on its banks.&nbsp;Russia has been subjected to sanctions by America and its allies over the Ukraine war.&nbsp;Delhi and Moscow are exploring other options to overcome the transaction problem, as per the report.
While India's first S-400 squadron is ready and operational to take care of the Pakistan and China threats, the&nbsp;second S-400 squadron is a training unit and does not include missiles and launchers, as per ANI.&nbsp;The S-400 is considered a significant addition to India's firepower, especially after China's aggression along the Line of Actual Control in Ladakh since 2020.

Amid Ukraine war, India receives Russian S-400 missile system simulators for training squadron, says report

THUMBNAIL INDIA RECEIVES S-400 MISSILE SIMULATORS
&nbsp;
 Sanctions against Russia are hurting its trade with other countries, but defence supplies to India have reportedly been on track so far. India recently received simulators and other equipment from Russia for the training squadron of the S-400 Triumf missile defence system, as per news agency ANI. Interestingly, the S-400 missile deal is a bone of contention between Delhi and Washington, with America still dangling the threat of sanctions against India over the purchase. India has also imported overhauled aircraft engines and spares from Russia in recent days, as per the report. Although Russia supplies are continuing for now, the future is uncertain, according to defence sources quoted by ANI. The biggest hurdle is that India is finding it hard to make payments to Russia due to sanctions on its banks. Russia has been subjected to sanctions by America and its allies over the Ukraine war. Delhi and Moscow are exploring other options to overcome the transaction problem, as per the report. While India's first S-400 squadron is ready and operational to take care of the Pakistan and China threats, the&nbsp;second S-400 squadron is a training unit and does not include missiles and launchers, as per ANI. The S-400 is considered a significant addition to India's firepower, especially after China's aggression along the Line of Actual Control in Ladakh since 2020.
&nbsp;
 ============================================
CAPTIONS India received S-400 simulators from Russia Russian defence supplies to India continuing No impact of Western sanctions on imports yet Future of Russian supplies uncertain: sources India, Russia working on alternate payment system
&nbsp;
&nbsp;
&nbsp;

Although Russia defence supplies to India are continuing for now, the future is uncertain as payment is a problem due to sanctions on Russian banks, said an ANI report.

Sanctions against Russia are hurting its trade with other countries, but defence supplies to India have reportedly been on track so far.&nbsp;India recently received simulators and other equipment from Russia for the training squadron of the S-400 Triumf missile defence system, as per news agency ANI.
Interestingly, the S-400 missile deal is a bone of contention between Delhi and Washington, with America still dangling the threat of sanctions against India over the purchase.&nbsp;India has also imported overhauled aircraft engines and spares from Russia in recent days, as per the report.
Although Russia supplies are continuing for now, the future is uncertain, according to defence sources quoted by ANI.&nbsp;The biggest hurdle is that India is finding it hard to make payments to Russia due to sanctions on its banks.&nbsp;Russia has been subjected to sanctions by America and its allies over the Ukraine war.&nbsp;Delhi and Moscow are exploring other options to overcome the transaction problem, as per the report.
While India's first S-400 squadron is ready and operational to take care of the Pakistan and China threats, the&nbsp;second S-400 squadron is a training unit and does not include missiles and launchers, as per ANI.&nbsp;The S-400 is considered a significant addition to India's firepower, especially after China's aggression along the Line of Actual Control in Ladakh since 2020.

Economic sanctions might not have deterred Russian President Vladimir Putin, but they seem to have sparked panic among common Russians.
Videos emerging online suggest that Russian citizens have been queuing up outside banks and ATMs to withdraw cash.&nbsp;
The latest move of Western allies to exclude some Russian banks from global payments system SWIFT seems to have created considerable alarm in the country. It&nbsp;has been referred to as an economic nuclear strike.
ALSO WATCH | Why this Indian student won't leave Ukraine until...
SWIFT is an acronym which stands for Society for Worldwide Interbank Financial Telecommunication.&nbsp;It is described as a secure platform for financial entities like banks to exchange information about cross-border transactions like money transfers.&nbsp;It has over 11,000 banks in over 200 countries as members.
Exclusion from SWIFT is expected to adversely affect the Russian economy by reportedly making banks rely on older technologies like phones for transactions.
Russia has reportedly been working on an alternative to SWIFT, called SPFS or System for Transfer of Financial Messages, for several years, but its coverage would be limited.

Panic in Russia, long queues outside ATMs after SWIFT exclusion of banks? Videos go viral | Ukraine war

The decision to partially cut Russia off from the SWIFT system has been referred to as an economic nuclear strike.

((ATM QUEUE VIDEO - DO NOT USE AUDIO)) https://www.reddit.com/r/PublicFreakout/comments/t2j9s1/russians_have_found_out_about_the_sanctions_and/?utm_term=1757777473&amp;utm_medium=post_embed&amp;utm_source=embed&amp;utm_name=&amp;utm_content=header
 SOURCE: REDDIT AUTHENTICITY UNVERIFIED
 Economic sanctions might not have deterred Russian President Vladimir Putin, but they seem to have sparked panic among common Russians. Videos emerging online suggest that Russian citizens have been queuing up outside banks and ATMs to withdraw cash. The latest move of Western allies to exclude some Russian banks from global payments system SWIFT seems to have created considerable alarm in the country. Viral videos, albeit unverified, showed almost interminable lines at ATM terminals. The decision to partially cut Russia off from the SWIFT system has been referred to as an economic nuclear strike. SWIFT is an acronym which stands for Society for Worldwide Interbank Financial Telecommunication. It is described as a secure platform for financial entities like banks to exchange information about cross-border transactions like money transfers. It has over 11,000 banks in over 200 countries as members. Exclusion from SWIFT is expected to adversely affect the Russian economy by reportedly making banks rely on older technologies like phones for transactions. Russia has reportedly been working on an alternative to SWIFT, called SPFS or System for Transfer of Financial Messages, for several years, but its coverage would be limited.
=====================================
CAPTIONS Viral videos allege panic among Russians Unverified videos of queues at banks, ATMs West recently partially excluded Russia from SWIFT SWIFT is a secure messaging system for banks

<div style="margin: 0px; padding: 0px; border: 0px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: 400; font-stretch: inherit; font-size: 12pt; line-height: inherit; font-family: Calibri, Arial, Helvetica, sans-serif; vertical-align: baseline; color: #000000; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><span style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: 12pt; line-height: inherit; font-family: inherit; vertical-align: baseline; color: #000000; background-color: #ffffff;">The decision to partially cut Russia off from the SWIFT system has been referred to as an economic nuclear strike.</div>

Economic sanctions might not have deterred Russian President Vladimir Putin, but they seem to have sparked panic among common Russians.
Videos emerging online suggest that Russian citizens have been queuing up outside banks and ATMs to withdraw cash.&nbsp;
The latest move of Western allies to exclude some Russian banks from global payments system SWIFT seems to have created considerable alarm in the country. It&nbsp;has been referred to as an economic nuclear strike.
ALSO WATCH | <a href="https://www.editorji.com/india-news/why-this-indian-student-won-t-leave-ukraine-until-russia-war-pet-dog-kharkiv-kyiv-1645967952389" target="_blank">Why this Indian student won't leave Ukraine until...</a>
SWIFT is an acronym which stands for Society for Worldwide Interbank Financial Telecommunication.&nbsp;It is described as a secure platform for financial entities like banks to exchange information about cross-border transactions like money transfers.&nbsp;It has over 11,000 banks in over 200 countries as members.
Exclusion from SWIFT is expected to adversely affect the Russian economy by reportedly making banks rely on older technologies like phones for transactions.
Russia has reportedly been working on an alternative to SWIFT, called SPFS or System for Transfer of Financial Messages, for several years, but its coverage would be limited.

UK has slapped targeted economic sanctions on five Russian banks and three wealthy individuals as part of the British government’s response to the escalating conflict in Ukraine. The thee billionaires: Gennady Timchenko, Boris Rotenberg and Igor Rotenberg will face a travel and trade ban with UK and also their UK assets will be frozen. EJ Biz explores - Who are these high net worth and why have they have been selected to be sanctioned?1. Gennady Timchenko:  The 69 year old industrialist is worth $18 billion and controls Volga Group, a Russia-based business with interests in energy, transportation and construction. As one of the largest shareholders in the gas producing company Novatek and in one of the banks that has also been sanctioned. he is one of the most powerful people in Russia, Timchenko has close ties to President Vladimir Putin and, as a result, faced U.S. sanctions in 2014.2. Boris Rotenberg: Even though he barely makes it to the rich list with just $1.2 billion in worth Rotenberg's close ties to Putin make him an obvious target. The former judo sparring partner of the Russian president also was instrumental in building state-controlled Gazprom. The 65 year old Russian was also hit with U.S. sanctions over Russia’s invasion of Crimea. He also owns a stake in SMP Bank, which is also being sanctioned.3. Igor Rotenberg: The son of billionaire Arkady Rotenberg and nephew of sanctioned Boris Rotengerg, the 48 year old is also a close friend of Russian President Putin. He controls drilling company Gazprom Bureniye and is worth $1.1bn

Russia-Ukraine Crisis: Meet the selected 3 billionaires who have been sanctioned

The thee billionaires: Gennady Timchenko, Boris Rotenberg and Igor Rotenberg will face a travel and trade ban with UK and also their UK assets will be frozen. 

EJ Biz explores - Who are these high net worth and why have they have been selected to be sanctioned?

Meet the trio of billionaires that have sanctions imposed on them 

Russia-Ukraine Crisis: These are the 'oligarchs' facing asset freezes, travel bans and trading curbs imposed by UK.

UK has slapped targeted economic sanctions on five Russian banks and three wealthy individuals as part of the British government&rsquo;s response to the escalating <a href="https://www.editorji.com/world-news/ukraine-crisis-latest-us-sees-russian-invasion-uk-clamps-sanctions-germany-chokes-key-gas-pipeline-1645548134390">conflict in Ukraine</a>.&nbsp; The thee billionaires:&nbsp;Gennady Timchenko, Boris Rotenberg and Igor Rotenberg&nbsp;will face a travel and trade ban with UK and also their&nbsp;UK assets will be frozen.&nbsp; EJ Biz explores - Who are these high net worth and why have they have been selected to be sanctioned?
<h3>1.&nbsp;Gennady Timchenko</h3>
The 69 year old industrialist is worth $18 billion and controls Volga Group, a Russia-based business with interests in energy, transportation and construction. As one of the largest shareholders in the gas producing company Novatek&nbsp;and in one of the banks that has also been sanctioned. he is one of the most powerful people in Russia, Timchenko has close ties to <a href="https://www.editorji.com/world-news/vladimir-putin-drove-a-taxi-after-fall-of-soviet-union-1639384396048">President Vladimir Putin</a> and, as a result, faced U.S. sanctions in 2014.
<h3>2.&nbsp;Boris Rotenberg</h3>
Even though he barely makes it to the rich list with just $1.2 billion in worth Rotenberg's&nbsp;close ties to Putin&nbsp;make him an obvious target. The former judo sparring partner of the Russian president also was instrumental in building state-controlled&nbsp;Gazprom. The 65 year old Russian was also hit with U.S. sanctions over Russia&rsquo;s invasion of Crimea. He also owns a stake in SMP Bank, which is also being sanctioned.
<h3>3.&nbsp;Igor Rotenberg</h3>
The son of billionaire Arkady Rotenberg&nbsp;and nephew of sanctioned Boris Rotengerg, the 48 year old is also&nbsp;a close friend of <a href="https://www.editorji.com/world-news/putin-s-recognition-of-ukraine-s-rebels-ups-ante-in-crisis-top-developments-1645497569116">Russian President&nbsp;Putin</a>. He controls drilling company Gazprom Bureniye and is worth $1.1bn.
Also Read |&nbsp;<a href="https://www.editorji.com/india-news/ukraine-crisis-de-escalation-safety-of-civilians-priorities-says-india-at-unsc-meet-1645516925190">Ukraine crisis: de-escalation, safety of civilians priorities, says India at UNSC meet</a>

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