VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Voting session in UN General Assembly on Rusia Sanction - 

On Thursday, 7 April 2022, the UN General Assembly voted to suspend Russia from the Human Rights Council in light of evidence of appalling war crimes committed in Ukraine by Russian military forces. 

Following further reports of abhorrent attacks on civilians in Ukraine this week, on 6 April 2022 UK Foreign Secretary Liz Truss announced a significant ratcheting up of UK sanctions on Russia; full asset freeze on largest Russian bank and end to all new UK outward investment into Russia. UK will end all imports of Russian coal and oil by end of 2022 and take action against oligarchs and key strategic industries.

Foreign Secretary will urge G7 colleagues to maintain the momentum on further waves of sanctions in due course.

As a leading voice calling for international action, the UK’s fifth package of measures will cut off key sectors of the Russian economy and end our dependency on Russian energy.

According to a release received by Voice of Indonesia on Friday (08/04/22), Today’s measures have been delivered in lockstep with their global allies as the EU has also banned imports of Russian coal and the US has sanctioned SberBank. Asset freezes against Sberbank and Credit Bank of Moscow. Sberbank is Russia’s largest bank and this freeze is being taken in co-ordination with the US.

An outright ban on all new outward investment to Russia. In 2020 UK investment in Russia was worth over £11 billion. This will be another major hit to the Russian economy and further limit their future capabilities by the end of 2022, the UK will end all dependency on Russian coal and oil, and end imports of gas as soon as possible thereafter.

From next week, the export of key oil refining equipment and catalysts will also be banned, degrading Russia’s ability to produce and export oil – targeting not only the industry’s finances but its capabilities as a whole action against key Russian strategic industries and state owned enterprises.

This includes a ban on imports of iron and steel products, a key source of revenue. Russia’s military ambitions are also being thwarted by new restrictions on its ability to acquire the UK’s world-renowned quantum and advanced material technologies and targeting a further eight oligarchs active in these industries, which Putin uses to prop up his war economy//VOI