How the world is punishing Russia for the Ukraine invasion
Since launching an invasion into Ukraine last week, Russian President Vladimir Putin and his country have faced intense international backlash, ranging from crippling economic sanctions to condemnation from the worlds of sports and culture.
The backlash has even included countries thought to be in Putin’s orbit, as well as nations that have prized themselves for decades as being above the fray. Other states have taken unprecedented steps to deliver aid to Ukraine. And the reactions have come swiftly, surprising many observers unused to this level of international unity.
The punishments have already had a severe impact on Russia’s economy, sparking a financial meltdown as the ruble collapsed in value.
Here’s a list of some of the reactions to Moscow’s attack.
The EU has taken comprehensive action against Russia, including the unprecedented action of sending $500 million in military aid. The group is also freezing the assets of Putin and other Russian officials, as well as freezing roughly half of the country’s foreign currency reserves. It is also targeting Belarus and its president, Alexander Lukashenko, who is allowing his country to be a military base for the assault.
On Saturday, the U.S., Canada, the United Kingdom and the EU announced they were partially removing Russia from the SWIFT financial messaging system, which handles billions in transactions daily. BP said it was exiting its $14 billion stake in the Russian state oil company Rosneft, reportedly after pressure from the British government. Additionally, the EU said it would be banning Russia Today, Sputnik and their Russian state media affiliates from the airwaves so they will “no longer be able to spread their lies to justify Putin’s war.”
German Chancellor Olaf Scholz said in a speech Sunday that Germany would be increasing its defense budget in response to the invasion, calling it a “a turning point in the history of our continent” and adding, “It is clear that we need to invest significantly more in the security of our country.” Scholz had already announced last week that his country was halting certification of the Nord Stream 2 gas pipeline.
Far-right Hungarian Prime Minister Viktor Orbán, considered an ally of Putin, announced that his country would not block any of the EU sanctions against Russia. This represents a notable departure for Orbán, who met with Putin in Moscow on Feb. 1 and said afterward that Russia’s security concerns were reasonable and that sanctions against the nation were pointless and “doomed to failure.”
Hungary, which borders Ukraine, is also bracing for a flow of refugees fleeing the war.
The U.S. announced it was targeting Russia’s banks, oligarchs close to Putin and Putin himself.
“Some of the most powerful impacts of our actions will come over time, as we squeeze Russia’s access to finance and technology for strategic sectors of its economy and degrade its industrial capacity for years to come,” President Biden said last week.
“We’ll strike a blow to their ability to continue to modernize their military. It’ll degrade their space industry, including their space program. It’ll hurt their ability to build ships, reducing their ability to compete economically. And it will be a major hit to Putin’s long-term strategic ambitions,” Biden continued.
The U.S. has also been pushing other countries to take similarly harsh measures.
One of the latest and most notable reactions to the invasion is the fact that Switzerland has chosen a side. On Monday, the famously neutral country said it would adopt European Union sanctions against Moscow and freeze Russian assets located in its banks. In addition, the government adopted sanctions specifically against Putin, Prime Minister Mikhail Mishustin and Foreign Minister Sergey Lavrov.
“In view of Russia’s continuing military intervention in Ukraine, the Federal Council took the decision on February 28 to adopt the packages of sanctions imposed by the EU on February 23 and 25,” the government said in a statement.
Finland and Sweden considering NATO
The two nations that border Russia were threatened with “serious military-political consequences” by Moscow if they were to join NATO, but both of them brushed off the threats. Finnish Foreign Minister Pekka Haavisto said, “We’ve heard this before” and “Don’t think that it calls for a military threat.” Finland’s 830-mile border with Russia is the longest of any European Union country.
“I want to be extremely clear: It is Sweden that itself and independently decides on our security policy line,” Swedish Prime Minister Magdalena Andersson said in a statement, responding to Russian allegations that the U.S. and its allies were attempting to “drag” the nation into joining NATO.
The development is significant, as one of Russia’s chief stated aims before the war was preventing NATO’s eastward expansion toward its borders. Any growth in the military alliance would be a blow to the Kremlin’s underlying security interests in the region.
Japan, South Korea and Taiwan are among the nations to announce their support of Ukraine and condemnation of Russia. Japanese Prime Minister Fumio Kishida said his country would join in freezing transactions from Russia’s central bank and limiting exports, as well as pledging $100 million in humanitarian aid to Ukraine.
“I told [Ukrainian President Volodymyr Zelensky] that Japan is with Ukraine … and offered firm support for Ukraine’s sovereignty and territorial integrity,” Kishida said.
South Korea announced it would also be blocking strategic exports — potentially including electronics, semiconductors and computers — as well as helping to limit Russia’s access to the SWIFT system. Taiwan said that it would be joining in the sanctions and that its computer chip companies would be complying.
Russian aircraft have been banned from flying over the entire European Union, a move taken over the weekend by all 27 countries.
“We are shutting down the EU airspace for Russian-owned, Russian-registered or Russian-controlled aircraft,” said European Commission President Ursula von der Leyen. “They won’t be able to land in, take off or overfly the territory of the EU. Including the private jets of oligarchs.”
Canada has announced similar measures. On Sunday, Transportation Minister Omar Alghabara said, “All of Canada is united in its outrage of President Putin’s aggression against Ukraine.”