US & World

The United States is increasing financial pressure on Russia over war | Nationwide

In search of increasing Russia’s financial pressures over the war with Ukraine, many US state governors and legislators have invested in states from Russian companies, encouraging private organizations to do the same. Take action on Monday to bring out.

The effectiveness of US state sanctions is often inferior to national sanctions, but state officials have shown solidarity with Ukraine. Penalties imposed on Russia By the US Government and other Western countries.

Republican Georgian Speaker David Ralston told representatives that he received a bipartisan standing ovation on Monday and hopes to quickly sell the state’s retirement fund from Russian assets.

“I don’t know everything, but I don’t want a penny of Georgian money to subsidize Vladimir Putin,” Ralston said. “Our role in international affairs is limited, but we make it clear that we stand with people who want to live in peace.”

Some actions were mostly symbolic. The governors of Arizona, Pennsylvania, and Tennessee have ordered the Capitol illuminated by the blue and yellow flags of the Ukrainian flag. Minnesota Governor Tim Walz (Democratic Party) and Ohio Governor Mike Dewein (Republican Party) have issued a joint statement condemning Russia’s invasion of Ukraine as co-chair of the Governor’s Council appointed president.

Behavior in other states has potential teeth.

On Monday, the Indiana House passed a law banning Russian-controlled businesses and nonprofits from acquiring Indiana real estate for a year. It goes to the Senate now.

“Indiana will not be able to get Russian funding in the wake of Putin’s rude invasion of Ukraine and will not be a safe haven for the oligarchs to seek financial shelter.” Rep. Ryan Dvorak of the Democratic Party proposed an amendment last week.

Governor of New York Kathy Hokuru Signed a presidential directive On Sunday, her state banned trading with Russia. She ordered state agencies to sell money and assets from companies and institutions that support Russia in the war with Ukraine.The Democratic Governor also said that New York welcomes Ukrainian refugees, and that New York is already the largest Ukrainian home in the United States.

A Pennsylvania parliamentarian said Monday that he would submit a law requiring a state pension fund to withdraw investment related to the Kremlin and its key supporters. The State Treasury has also begun to sell a minimal stake in a Russian-based company.

In a memo to the Democratic Senator, Democratic Senator Sharif Street said Pennsylvania “ensures that Russia faces serious consequences for serious violations of international law and human cooperation. We must use our financial strength to do so. “

Republican Kerry Benninghoff, a majority party leader in Pennsylvania, said that “investment in public funds is engaged in provocative invasion of democratically elected neighbors.” We have a moral obligation not to inadvertently support people. ” “

Arkansas General Assembly has submitted a proposal to freeze Russian oligarch assets and allow state banks to request a boycott of Russian-made goods. A bipartisan group of California State Legislatures said Monday that they would introduce a law to sell public funds from Russian state agencies.

Democratic Colorado Governor Jared Polis has banned state agencies from trading with Russian state-owned enterprises and their subcontractors. Colorado’s $ 61 billion state pension fund withdraws $ 8 million from a Russian state-owned bank identified by federal sanctions.

The governors of Connecticut, New Jersey, Virginia, and Washington have also ordered a review of whether state funds are being used to invest in supporting Russian companies and the Russian government. The North Dakota Investment Commission was scheduled to meet later this week to discuss investment in Russia.

Democratic Governor Jay Inslee said, “If our state could put a brick on the wall around Putin, that would be good and we would do everything we could in this regard.” Said.

Two prominent Republican governors, Ron DeSantis of Florida and Kristi Noem of South Dakota, who are widely seen fishing for White House bids, may issue enforcement orders against Russia. Instead, I mainly aimed at President Joe Biden. They criticized his energy policy, saying it made it difficult to defeat sanctions on Russia’s oil and gas exports.

Other governors are trying to break the well-meaning relationship between their home country and the Russian state.

Republican Governor Larry Hogan announced on Monday that after the invasion of Ukraine, Maryland would end its decades-old sisterhood relationship with Russia’s Leningrad region. Republican Governor of Virginia Glenn Youngkin has called on the cities of Norfolk and Roanoke to end their sister city tie-ups with Russian cities. Republican Governor of Iowa Kim Reynolds called for ending sisterhood relations with Russia’s Stavropol Cry and strengthening sisterhood relations with Ukraine’s Cherkasy Oblast.

Several states have expressed their willingness to provide housing to Ukrainian refugees. The Washington State Capitol and the Senate have each modified their budget to secure $ 19 million to provide services and temporary housing to refugees from Ukraine.

Republican Governor of Texas Greg Abbott posted on Twitter over the weekend that he asked restaurants and retailers. Voluntarily remove all Russian products from the shelves. “

Officials in Alabama, Iowa, New Hampshire, Ohio, Pennsylvania, Utah, Vermont, Virginia, and West Virginia have said that Russian alcohol is available in all states that control the sale of alcohol. I instructed them to remove it from the store shelves.

“Utah is in solidarity with Ukraine and will not support Russian businesses, no matter how small the exchange,” said Republican Governor of Utah Spencercox.


Reeve reported from Jefferson City, Missouri. The Associated Press state government reporters across the United States contributed to this report.

Copyright 2022 AP communication. all rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.

The United States is increasing financial pressure on Russia over war | Nationwide

Source link The United States is increasing financial pressure on Russia over war | Nationwide

Related Articles

Back to top button