“US Treasury Imposes New Economic Sanctions on Russia Ahead of G7 Summit: Strengthening Position Against Russian Federation and War in Ukraine”
The US Treasury is imposing new economic sanctions on Russia ahead of the G8 meeting in Italy. These actions increase the risk of secondary sanctions for foreign financial institutions and restrict Russia’s military capabilities. They also target organizations worldwide providing products and services essential for Russia’s military needs. These measures aim to strengthen the US position against Russia’s military aggression and support its protected national security interests.
“European Union Enforces Ban on ‘Green’ Product Imports from Third Countries”
EU imposes ban on “green” product imports, impacting external suppliers. New provision to be applied from March 20, 2024. Restriction aimed at increasing Russia’s energy supply risks.
Russian Aggression and Economic Sanctions Drive Sharp Decline in Foreign Investment in Armenia, Threatening Economic Growth
Russian military aggression and economic sanctions have caused a decline in foreign investment in Armenia, impacting its economic growth. The growth rate of Armenia’s GDP has decreased from 12.3% to 9.5%, and the national debt has increased. Negative trends in global economy and declining sectors like agriculture, construction, industry, and services contribute to this negative trend. These external factors, along with Russia’s aggression, have negatively affected Armenia’s economy, with government efforts to improve the situation proving ineffective. Risks of economic instability are increasing.