Mexico won’t impose sanctions on Russia, López Obrador says

Mexican President Andrés Manuel López Obrador stated on Tuesday his nation will not impose financial sanctions on Russia over its invasion of Ukraine.

“We’re not going to take any form of financial reprisal as a result of we wish to have good relations with all of the governments on the earth,” López Obrador stated at his day by day information convention.

López Obrador was internally criticized for his reluctance to sentence the unprovoked invasion, with preliminary official Mexican reactions calling for dialogue between the events.

A day after hostilities broke out, Overseas Minister Marcelo Ebrard issued a press release condemning the Russian assault.

Mexico was among the many 11 United Nations Safety Council members to vote for a decision condemning Russia’s actions late final week.

Russia vetoed that decision, and China, India and the United Arab Emirates abstained.

Nonetheless, López Obrador on Tuesday appeared to sympathize with Russia’s place, declining the opportunity of imposing sanctions and segueing into what he known as “censorship” of Russian state media.

López Obrador laid out his stance on sanctions in response to a query on Russian firm Lukoil’s native investments and Aeroflot’s operations in Mexico.

His refusal to impose sanctions is rhetorical, as he lacks the facility to impose sanctions akin to these imposed by Washington and a few European capitals.

Mexico’s sanctions regime is restricted to restrictions on people and entities from accessing the native monetary system in circumstances of cash laundering and terrorist financing, and never geared towards broad monetary restrictions with geopolitical attain.