President Biden announces new sanctions against Russia after its invasion of Ukraine in the East Room of the White House on Thursday.
Brendan Smialowski/AFP via Getty Images
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Brendan Smialowski/AFP via Getty Images
President Biden announces new sanctions against Russia after its invasion of Ukraine in the East Room of the White House on Thursday.
Brendan Smialowski/AFP via Getty Images
A slew of world leaders are hitting Russia with additional sanctions in response to its invasion of Ukraine.
President Biden announced new sanctions on Russia’s military and economy Thursday, saying Russian President Vladimir Putin and his country will bear the costs of the attack. This latest batch will limit exports to Russia, target its largest state-owned enterprises and “stunt the ability to finance and grow the Russian military.”
They follow a “first tranche” of sanctions announced earlier this week, which targeted Russian financial institutions, oligarchs, access to Western financing and the Nord Stream 2 gas pipeline.
“This aggression cannot go unanswered,” Biden said from the East Room of the White House. “America stands up to bullies, we stand up for freedom. This is who we are.”
The U.S. and its allies have for months pledged to enact severe sanctions in the case of a Russian invasion, warnings that evidently did not serve to deter the Kremlin.