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Russian Federation Subjected to Increased International Sanctions

03/21/2022

The U.S. in cooperation with the E.U. and seven other nations will revoke the current trade status for Russia that currently enjoys Permanent Normal Trade Relations. This action will be taken together with the previously announced ban on importation of gas and oil. If imports of other than energy are effected, cooperating nations opposed to the aggression by Russia will impose higher tariffs that in many cases will make exports non-competitive.

 

The international community is intensifying pressure on Russia that is indiscriminately bombing and shelling cities in Ukraine destroying residential buildings and infrastructure with no military significance.  The United Nations Office of the High Commissioner for Human Rights, recorded over 1,500 civilian causalities in Ukraine during the first seven days of the invasion by Russia that is now in its third week.  Fatalities and injuries have increased since early March with intensification of bombardment and deliberate action against civilians. The Russian military practice of bombing hospitals, places of sanctuary and schools is reminiscent of their strategy in Chechnia and Syria, making life more dangerous and miserable for citizens in urban areas.

 

Disruption of shipping in the Black Sea and the inevitability of reduced supplies of commodities including wheat from Ukraine have raised prices for livestock producers and food manufacturers worldwide.  Recent reports suggest that Avangardco, a major egg producer is in danger of losing up to three million hens in the Kherson Region of southeast Ukraine as a result of Russian military action that has prevented deliveries of feed.  It is assumed that in the absence of any specific company release that competitor Ovostar is similarly impacted. 

 

It is hoped that the fierce resistance by brave Ukrainian defenders against the onslaught by the Russian Federation will soon contribute to a cease fire and eventual withdrawal of the invaders, allowing Ukraine to begin repairing damage and planting their spring crop.