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will vote for a resolution at the plenary session next week to classify the Russian Federation as a terrorist state.
The Commerce Department said it has reclassified Russia as a nonmarket country from a market economy in the middle of November, a move aimed at further reducing bilateral trade and isolating Russia amid its continued war in Ukraine. The department said the decision follows significant increases in Moscow's intervention in economic activities since last year that have made its economy unpredictable and distorted, including in currency markets, labour relations and foreign investments. Russia joins 11 other nations that the US classifies as nonmarket economies for the purpose of antidumping tariff calculation. The list includes China, Vietnam and former Soviet Union republics. Russia had moved off the list in 2002 as it pursued measures to liberalize its economy.
The US has introduced sanctions against 14 more individuals and 28 entities, including family members of Russian tycoon and Federation Senator Suleiman Kerimov, as seen by PRIME in the Department of the Treasury’s documents released on November 14. “The US Department of the Treasury’s Office of Foreign Assets Control (OFAC), alongside the US Department of State, sanctioned a transnational network procuring technology that supports the Russian military-industrial complex... In total, today’s actions designated 14 individuals and 28 entities, and identified eight aircraft as blocked property,” the authority said. The list includes Kerimov’s wife Firuza and his children Said, Amina, and Gulnara.
Russia has become the most sanctioned country in the UK, ahead of Libya and Iran. The British government has frozen assets totaling £18 billion ($20.5B) belonging to Russian oligarchs, other individuals, and entities. All are under sanction for the Russian invasion of Ukraine. According to the British Ministry of Finance, Russia has overtaken Libya and Iran in terms of the number of sanctions applied to it by the UK. To date, the country has imposed sanctions against more than 1,200 individuals and more than 120 organizations in Russia. The government began implementing travel bans, asset freezes, and other sanctions on February 24, the day Russia sent troops into Ukraine. The amount of frozen Russian assets is £6B, more than the amount specified by all other British sanctions.
Shoigu claims mobilization complete in Russia as of the start of November, over 80,000 soldiers already sent to Ukraine. Russian Defence Minister Sergei Shoigu claimed Russia has mobilised 300,000 people with an average age of 35, according to Russian state-controlled media RIA Novosti. Shoigu alleged that 41,000 of the troops sent to Ukraine are already engaged at the front line. Russian President Vladimir Putin has not signed a decree terminating mobilisation in Russia.
28 RUSSIA Country Report December 2022 www.intellinews.com