The sanctions will be joined by 27 EU members and members of the G7, the US president says.
Biden announced a new package of sanctions against the Russian Federation / photo REUTERS
US President Joe Biden announced tough new sanctions and restrictions on Russia.
This was discussed in his address on the evening of February 24.
Biden assures that the new sanctions will seriously affect the Russian economy – both in the short and long term.
“We purposefully designed these sanctions to maximize the long-term impact on Russia and minimize the impact on the United States and our allies,” he said.
He added that 27 EU members and G7 members would join the sanctions.
We are talking about such measures as limiting Russia’s ability to do business in dollars, euros, pounds and yen. Therefore – to be part of the global economy.
The United States is also imposing sanctions on Russian banks, which collectively own about $1 trillion in assets.
“We are also blocking four other large banks. This means that all their assets in America will be frozen,” he added without specifying.
Biden also announced his intention to deprive Russia of the ability to finance and develop the Russian army, reduce their ability to compete in the high-tech economy of the 21st century. Details have not yet been disclosed.
(C)UNIAN 2022
He refused to sanction Putin…
Biden is subhuman filth, Mickey. No surprises there. The rat knew it too.
when Biden was elected I warned about what he was. He has been the 97 pound weakling on the beach and Russia just kicked sand in his face.
From the article above, the only way Russia can be prevented from developing financing and developing his military is by removing Russia from Swift. That, by itself, will be very damaging to Russia’s economy. It has become a third world nation based on its exports. Commodities supply the overwhelming majority of Russia’s income. If he can’t deal in western currencies, particularly the Dollar, he is screwed.
Biden is the kind of guy that gives politicians a bad name. Everyfuckingthing he says is different from what he does. There is NO other industry in the world that would employ such a person that does that…..well, except maybe the Kremlin or RT.