President Joe Biden of the United States has issued a one-year extension of sanctions on Russia, citing the country’s ongoing danger to US national security, foreign policy, and economy. The judgment is based on Executive Order 14024, which was issued on April 15, 2021, and charged Russia with undermining democratic elections and institutions in the United States, as well as breaking well-established international law norms, such as respect for territorial integrity.
Initially, the sanctions targeted various Russian institutions, including the Russian Duma, its members, and a number of firms involved with the country’s military-industrial complex. The order was then expanded to include other persons and corporations implicated in assisting Russia in evading these sanctions. The extension demonstrates the United States’ persistent concern about Russia’s disruptive behavior, as well as its commitment to resolving the issue.
Several analysts have criticized the imposition and expansion of these sanctions, as well as their effectiveness, claiming that they have contributed to the processes that many countries, including China and India, are currently developing in order to reduce their reliance on the US dollar as a reserve and settlement currency.
”We won’t have to talk about sanctions in five years because there will be so many countries transacting in currencies other than the dollar that we won’t have the ability to sanction.”Senator Marco Rubio, On March, 30 in an interview on Fox News.
Avoiding a Third World War: Biden’s Proposal for Sanctions Over Military Intervention
President Biden already stated his view on previous and increased Russian sanctions, calling them the “broadest” in history and arguing that they provide an alternative to a direct military conflict. On the sanctions problem, Biden noted in an interview with Youtuber Brian Tyler Cohen released on February 26, 2022:
”You have two options. Start a Third World War, go to war with Russia, physically. Or two, make sure that the country that acts so contrary to international law ends up paying a price for having done it.”Joe Biden, President of the United States
President Biden’s decision to prolong sanctions against Russia demonstrates the United States’ continuous commitment to confronting the country’s disruptive operations without resorting to armed war. While the effectiveness of these sanctions has been called into question, Biden’s approach emphasizes the need of considering alternatives to military action in addressing global security concerns.