United States President Joe Biden announced that the US will impose sanctions directly on Russia this Tuesday (22/Feb/2022).
President Joe Biden said Russia had begun “an invasion” of Ukraine and announced sweeping sanctions on the Russian bank VEB and its military bank.
Biden also announced comprehensive sanctions on Russia’s sovereign debt.
In addition, a few individuals who may be significant to the Russian leader will be included in these sanctions. (Learn more at the end of the article)
“As Russia contemplates its next move, we have our next move prepared as well,” he added.
Click Here to learn about two regions Eastern Ukraine, recognized by Putin as Independent Republics
Immediately after Vladimir Putin announced his new move over Ukraine on Monday (21/Feb/2022), US President issued executive orders prohibiting any sort of trade with Russian backed rebel-held regions of Eastern Ukraine. Putin recognized these particular regions as independent states and ordered Russian troops to enter those two regions to a “peacekeeping” mission in his speech on Monday.
US immediate action was targeted those two recognized regions. United Kingdom took the lead just after that US action, PM Boris informed the house of parliament that the UK will impose sanctions on 5 Russian banks and 3 Russian Billionaires with effect immediately. It was directly targeting Moscow and the United States announced new updated sanctions on Tuesday by subjecting directly Russia as the UK did.
“That means we’ve cut off Russia’s government from Western financing,” Biden said in remarks at the White House. “It can no longer raise money from the West and cannot trade its new debt on our markets, or European markets either.”
In addition to the sanctions on VEB and Russian debt, the Biden administration sanctioned three individuals, two of whom are the sons of high-ranking Russian government officials.
In announcing the individual sanctions, Biden said the adult children of members of Putin’s inner circle “share the corrupt gains of the Kremlin’s policies, and so they ought to share in the pain as well.”
Until Tuesday, the U.S. president had not used the word “invasion” himself to describe the Russian military deployment in the two breakaway regions of eastern Ukraine. But he said Putin’s actions in recent days had made his intentions clear
Click here to learn about UK’s complete sanctions on Russia
Source of President Speech: CNBC