'This is going to impose severe cost on the Russian economy, both immediately and over time,' said U.S. President Joe Biden.
that Washington is imposing additional sanctions to limit exports to Russia, freeze assets held by powerful banks, and restrict the economic activities of oligarchs in the country.
"Today I am authorizing additional strong sanctions and new limitations on what can be exported to Russia," the president continued."This is going to impose severe cost on the Russian economy, both immediately and over time.""We have purposefully designed these sanctions to maximize the long-term impact on Russia and to minimize the impact on the United States and our allies," added Biden.
The U.S. is also expanding its list of Russian elites and their family members subject to sanctions, though Putin is not yet being targeted directly.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russian President Vladimir Putin declares war in Ukraine; Biden condemns attack - live updatesRussian President Vladimir Putin warned other countries that any attempt to interfere with the Russian action would lead to “consequences they have never seen.”
Read more »
Biden has chance to deliver on 'severe' Russian sanctions: The NoteAs Ukraine prepares for a full-scale Russian invasion, the White House is clearly reiterating President Biden’s pledge not to send U.S. troops into Ukraine.
Read more »
Russian military operation in Ukraine ‘unjustified,’ Biden saysThe president said the U.S. and its allies “will hold Russia accountable.”
Read more »
‘Unprovoked and Unjustified': Biden, Western Leaders Denounce Russian Attack on UkraineIn a statement Wednesday evening, President Joe Biden expressed solidarity with Ukraine as Russia launched what Biden described as an 'unprovoked and unjustified attack,' with shelling reported in multiple Ukrainian cities.
Read more »
Biden Slams ‘Unprovoked’ Russian Attack on UkraineBiden: “Russia alone is responsible for the death and destruction this attack will bring, and the United States and its Allies and partners will respond in a united and decisive way.”
Read more »