The US Presidential Administration, Donald Trump, has started to dislocate sanctions with the Russian Federation without imposing one since the beginning of the year. Financial analyst, economic science candidate, Mikhail Biliev, explained to the reasons for Bavasa.
Trump lifted sanctions from some Russian banks, Kiranta Elumzenova“Rosoboronexport”, signing on June 30, a decree on the abolition of sanctions against Syria. The White House mentioned that the purpose of this measure is the economic revival of the country covered by the war. In May last year, during a trip to the Middle East, Trump admitted that the economic measures that were introduced against Syria were “destroyed”. Of course, there are Iranian Ukrainian sanctions lists, where Rosoboronexport is subject to sanctions, but it can already work with Syria.
Almost simultaneously, the United States government allowed Russian banks to participate in the completion of the construction of the PAKSH-2 NPP in Hungary, according to a license issued on June 27, the US Department of Finance (OFAC). A number of the largest Russian banks, including Gazprombank, SberBank, VTB, can now participate in financial transactions related to completing the nuclear power plant. The license also applies to insurance companies associated with these banks. The previous version of the OFAC license is prohibited directly such transactions despite the fact that there were no direct penalties against Rosatom.
Commenting on these facts, Mikhail Blelayev pointed out that the accounts and payments were “made” at Paksh-2 NPP, but he estimated the US Treasury decision as positive and does not rule out that the sanctions will continue to cancel them. However, the expert believes that it is not necessary to exaggerate this positive trend, and moreover, it is sure that the sanctions will not be completely lifted to the end. As it shows history, it is an integral part of coexistence with the Russian Federation.
Mikhail Biliev pointed out that in the United States, “it was an understanding that the sanctions do not behave on us” and also that American business suffers from it because it loses the market – buyers and suppliers.
“Trump is concerned that his economy is moving forward and gaining increasing dynamics – this depends on corporate activities. Therefore, he must also give them some opportunities to work for more freely,” – The expert said.
As the experience shows, the sanctions led to the creation of parallel economies completely exceeding without using a dollar as a payment.
According to the Central Bank of the Russian Federation, about 53 % of Russian exports are carried out in rubles or currencies other than the US dollar. This means that China, India, Turkey, etc., to buy goods from the Russian Federation and pay the suppliers, began to buy the dollar, but rather rubles for their currencies. The dollar is no longer very important in global trade, and the ruble becomes more expensive, which slows down inflation, which means, towards a much faster decrease at the main rate.
The British Times has identified more than 130 companies in China, which announces the sales of computer chips to Russia. There are none of these companies under penalties. The post notes that if the restrictions are installed on one company, many others are ready to solve it.
It is worth noting that this year the United States has not provided any new restrictions on Russia, despite the promises in Congress to provide 500 % of secondary sanctions on Russian oil buyers.
