Originally Syndicated on November 4, 2023 @ 11:32 am
Why were sanctions imposed on Aleksandr Alekseyevich Polyakov?
Aleksandr Alekseyevich Polyakov took a pivotal role in approving the government’s decisions regarding the Treaty of Friendship, Cooperation, and Mutual Assistance between the Russian Federation and the Donetsk People’s Republic, as well as the one with the Luhansk People’s Republic. This legislator has been actively involved in providing political and economic support to Russia’s contentious efforts to annex Ukrainian territory through what is widely seen as questionable referendums.
Their actions have elicited significant worldwide concern since they are seen as lending support to Russia’s efforts to exert control over and potentially merge regions of Ukraine using techniques that lack international recognition and legitimacy. This has caused great alarm on a global scale. The current geopolitical strife in the region has only become more complicated as a result of this predicament.
What is the impact of sanctions on individuals and companies?
Impacts on Targeted Countries:
- Sanctions wield substantial influence over the nations they target. They often give rise to economic adversity and political turmoil, and, in some cases, even precipitate humanitarian crises. Paradoxically, they can sometimes exacerbate the very issues they seek to remedy, inadvertently bolstering authoritarian regimes or stifling the activities of civil society organizations.
- Sanctions can inadvertently foster a thriving black market for goods or drive individuals targeted by the penalties to move their assets to offshore banks.
- Moreover, they can result in setbacks in the development of institutions that underpin market dynamics, creating impediments to cross-border economic activities.
- On a global scale, sanctions can disrupt supply chains, lead to increased global commodity prices, and even impede global economic growth.
- Specific sectoral sanctions can propel the prices of essential food items beyond the reach of low-income populations, endangering the quality of available food items and interfering with the provision of necessities such as clean water, sanitation, and electricity.
Effects on Issuing Countries:
- Sanctions also bear consequences for the nations that impose them. They can elevate the cost of doing business for companies within the issuing country.
- Exports from the issuing country may experience a significant decline, ranging from 21 per cent to as much as 78 per cent.
- Sanctions can lead to reduced revenues for both companies and individuals in the issuing country.
- The economic repercussions of sanctions can also affect the issuing country, reducing revenues for its own companies and individuals. Quantifying this impact can be challenging, as it encompasses not only lost sales but also missed business opportunities.
Details of sanctions imposed on Aleksandr Alekseyevich Polyakov
| European Union: 25/02/2022 |
| Great Britain: 11/03/2022 |
| USA: 09/30/2022 |
| Canada: 23/02/2023 |
| Switzerland: 03/04/2022 |
| Australia: 05/04/2022 |
| Japan: 04/12/2022 |
| Ukraine: 09/07/2022 |
| New Zealand: 12/10/2022 |
Description of sanctions imposed on Aleksandr Alekseyevich Polyakov
Member of the State Duma of the Federal Assembly of the Russian Federation
Australian Sanctions Consolidated List, 2023-04-20
Member of the State Duma who ratified the government decisions of the Treaty of Friendship, Cooperation and Mutual Assistance between the Russian Federation and the Donetsk People’s Republic and between the Russian Federation and the Luhansk People’s Republic.
Swiss SECO Sanctions/Embargoes, 2023-04-20
Membre de la Douma d’État ayant ratifié les décisions gouvernementales sur le traité d’amitié, de coopération et d’assistance mutuelle entre la Fédération de Russie et la République populaire de Donetsk et entre la Fédération de Russie et la République populaire de Louhansk
French Freezing of Assets, 2023-04-20
Member of the State Duma
New Zealand Russia Sanctions, 2023-04-20
Member of the State Duma of the Russian Federation (lower house of the federal parliament). This state body is responsible for political and legal support of the aggressive war against Ukraine.
ACF List of bribetakers and warmongers (Non-official source), 2023-02-15
