President Joe Biden announced new financial sanctions on Russia, and more sanctions on Russian elites and their families are coming soon.
President Joe Biden on Tuesday announced new financial sanctions on Russia, cutting off the country from some Western financing after Russian troops were authorized to enter eastern Ukraine on Monday, a move Biden called the “beginning of a Russian invasion.”
Biden also announced that U.S. troops stationed in Europe will adjust their positions to back up the United States’ Baltic allies “That means we’ve cut off Russia’s government from Western finance,” the president said. “It can no longer raise money from the West and cannot trade in its new debt on our markets or European markets either.”
“Let me be clear: These are totally defensive moves on our part. We have no intention of fighting Russia,” the president said. “We want to send an unmistakable message that the United States, together with our allies, will defend every inch of NATO territory.”
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