Biden imposes ‘long-term impact’ sanctions on Russia over Ukraine — RT Russia & Former Soviet Union

“Putin is the aggressor. Putin selected this warfare. And now he and his nation will bear the implications,” Biden advised reporters on the White Home. The sanctions by the G7 international locations will restrict Russia’s skill to do enterprise in {dollars}, kilos or yen, he added. All US belongings of 5 high Russian banks can be frozen, together with people who “personally profit” from Kremlin’s insurance policies.

The banking sanctions don’t embody slicing of Russia from the SWIFT system, as a number of European international locations objected, however Biden mentioned they “exceed” SWIFT and their full impact can be felt within the coming months.

Biden mentioned the US has spent months assembling a world coalition representing half the worldwide economic system. The sanctions are designed to “degrade [Russia’s] industrial capability for years to come back,” together with crippling the shipbuilding, air and area business and entry to high-tech imports. Will probably be a “main hit to Putin’s long-term strategic ambitions,” the US president argued.

Requested if India and China have been on board with the sanctions, Biden mentioned the US was “in consultations” with New Delhi however has “not resolved” something but, whereas declining to touch upon Beijing.

Biden made it clear the sanctions have been meant as a long-term coverage, telling reporters that “nobody anticipated sanctions to stop something.” 

He accused the Russian president of desirous to create an “empire by any means essential” and claimed that the disaster was “by no means” about real Russian safety issues however “at all times about bare aggression.” 

Moscow introduced early on Thursday that the Russian navy would enter Ukraine to “demilitarize and de-nazify” the “regime” in Kiev. The Russian military has carried out strikes on navy infrastructure throughout Ukraine.