U.S. Lawmakers Say Latest Russia Sanctions Too Mild, To Seek More

Posted by Joseph R. Fonseca
Monday, April 28, 2014
US Sanctions

 

Senior U.S. Republican lawmakers said on Monday the latest sanctions imposed on Russian individuals and companies are too mild to deter Moscow from further action in Ukraine and promised to offer legislation as soon as this week to pressure the Obama administration to take stronger action.

Tennessee Senator Bob Corker, the top Republican on the Senate Foreign Relations Committee, who earlier this month visited Ukraine and neighboring countries, called the new sanctions "just a slap on the wrist," and said it was time for measures that would affect the Russian economy.

"Until you hit three or four of the large banks - the financial institutions - until you hit one of the energy producers at least, Gazprom, or someone, I just don't think it's going to have the effect on Putin to change his behavior," Corker told reporters at the U.S. Capitol.

He said he likely would introduce legislation this week seeking to strengthen NATO, impose tough sanctions on Russian energy and some of its "significant" financial institutions and provide military aid and other assistance to Ukraine and neighboring countries.

Another Republican working on sanctions legislation, Indiana Senator Dan Coats, a former U.S. Ambassador to Germany, said he was confident both Republicans and President Barack Obama's fellow Democrats would back tougher sanctions if Obama were to back more diplomatic, economic and financial sanctions.

The United States imposed new sanctions on allies of Russian President Vladimir Putin on Monday, prompting Moscow to denounce "Cold War" tactics amid more violence in eastern Ukraine. Banning visas and freezing assets of the likes of Putin's friend Igor Sechin, head of oil giant Rosneft, the new sanctions came as European allies wrangled over how to follow suit without badly hurting their own economies.

Obama's fellow Democrats were more positive, but said they thought more sanctions would be needed. They also stressed the importance of imposing sanctions in connection with Europe.

U.S. Senator Chris Murphy, chairman of the Senate's Europe subcommittee, said the sanctions announced Monday "send a strong signal to Moscow." However, the Connecticut Democrat added that Washington's European allies must also impose sanctions and that tougher measures might be needed without "real action" from Russia.

Democratic U.S. Representative Adam Schiff also said the U.S. sanctions announced on Monday must be matched quickly by Europe, and that he thought wider measures would be required over time.

"Regrettably, it will likely be necessary to go further and sanction whole sectors of the Russian economy - their banking, mining, energy and arms industries among others," Schiff, a California representative, said in a statement.

Many members of Congress have been clamoring for the Obama administration to impose broad sectoral sanctions on Moscow. Several have urged more aid for Ukraine's military, including light weapons.

(Editing by Doina Chiacu and G Crosse)


Legal

DNV GL Launches New Approach to Manage Uncertainty in Risk Assessment

There is increasing emphasis from regulators on addressing uncertainty in risk assessments to improve safety. DNV GL’s new paper, ‘Enabling confidence – addressing uncertainty in risk assessments’,

Industry Wants Hanjin Shipping to Merge with Hyundai Merchant Marine

The Korea Shipowners’ Association (KSA) has officially suggested Hanjin Shipping merge with Hyundai Merchant Marine (HMM) to prevent  court receivership and liquidation, reports Business Korea.

Securing the Scorpene: DCNS to Move Court

The French shipbuilder DCNS plans to seek an injunction to prevent further publication of information contained in 22,400 secret documents about stealth submarines built for India,

Energy

Jt Study by MOL, Yokohama University for Improving Ocean Shipping Market Forecast

Mitsui O.S.K. Lines, Ltd. today announced that the company and its subsidiary MOL Information Systems, Ltd. have signed a contract with Yokohama National University

DNV GL Launches New Approach to Manage Uncertainty in Risk Assessment

There is increasing emphasis from regulators on addressing uncertainty in risk assessments to improve safety. DNV GL’s new paper, ‘Enabling confidence – addressing uncertainty in risk assessments’,

Gasum, Wärtsilä Join Forces to develop Gas Value Chain

New joint co-operation between Gasum and Wärtsilä aims to develop the utilization and distribution of natural energy gases in marine and land markets. Gasum,

News

Jt Study by MOL, Yokohama University for Improving Ocean Shipping Market Forecast

Mitsui O.S.K. Lines, Ltd. today announced that the company and its subsidiary MOL Information Systems, Ltd. have signed a contract with Yokohama National University

Krishnapatnam Port, Maersk Launches Mainline Service for China

Krishnapatnam, the country’s largest all-weather; deep water port on the east-coast of India has marked another milestone towards operational excellence as it launched

DNV GL Launches New Approach to Manage Uncertainty in Risk Assessment

There is increasing emphasis from regulators on addressing uncertainty in risk assessments to improve safety. DNV GL’s new paper, ‘Enabling confidence – addressing uncertainty in risk assessments’,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0935 sec (11 req/sec)