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Free AccessUK: To Deepen Sanctions On Russia As Iranian Involvement In War Increases
The US and the UK are set to announce a deepening on sanctions on Russia and countries seen as helping Moscow evade sanctions.
- According to the FT, a joint statement expected to be released today taking "collabortation to a new level."
- The statement reads: “We will identify opportunities to pool expertise, [...] to align the way we implement sanctions, and to assist our stakeholders...”
- The increased cooperation comes as the US seeks new avenues to restrict Russian access to military components seen as crucial to pursuing strategic objectives.
- The increased focus on third parties is likely a response to the more active role played by Iran in supplying military hardware.
- The Washington Post reported over the weekend that Iran plans to send Fateh-110 and Zolfaghar short-range ballistic missiles to Iran. This is in addition to Iranian Shahed drones which have been effectively used by Russia to target Ukrainian infrastructure.
- A US official told Politico today: “Are we going to do more about Iranian military sales to Russia? Absolutely, yes [...] we are absolutely going to sanction anybody who’s helping Iranians help Russians kill Ukrainians.”
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.