President Joe Biden Announces Sanctions on Russia Amid Escalating Tensions With Ukraine
justjared.comPresident Joe Biden is making an announcement about the Russia-Ukraine crisis. The President of the United States made a speech on Tuesday (February 22), addressing conflict in the region and making a big announcement about how the U.S.
is responding to the belief that Vladimir Putin is preparing to invade Ukraine. Click inside to read more… The President announced sanctions against Russia, following Putin‘s announcement of two regions of Ukraine as independent republics. “This is the beginning of a Russian invasion of Ukraine,” he said, adding that “if Russia goes further with this invasion, we stand prepared to go further as with sanctions.” The first “tranche” of sanctions would be on two Russian financial institutions, as well as Russian sovereign debt, which means that the country can no longer raise money from the West and cannot trade debt on U.S.
and European markets, via Deadline. He also said that sanctions would be imposed on Russian elites and their family members. “Yesterday, the world heard clearly the full extent of Vladimir Putin’s twisted rewrite of history,” he said, adding that there is still time for diplomacy to avoid a “worst case scenario.” Earlier in the day, Germany halted the Nord Stream 2, a pipeline set to bring natural gas from Russia to Western Europe.
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