The White House says the new tools will toughen the impact of the sanctions on Russia's economy and its ruling class by making sanctions more difficult to evade.
There is also $8.5 billion in economic aid to help keep Ukrainian President Volodymyr Zelenskyy’s government functioning and $3 billion for food and humanitarian programs to help civilians, including the more than five million refugees created by the war.
Biden promised that the U.S. would work to support its allies’ energy needs, saying, “We will not let Russia intimidate or blackmail their way out of the sanctions.”There is wide, bipartisan support in Congress for giving Ukraine all the help it needs to fight the Russians, and its eventual approval of assistance seems certain.
Biden said he had no preference whether lawmakers combined the virus funding with the Ukraine package or split them up. “They can do it separately or together,” Biden said, “but we need them both.” Biden also asked Congress to allow the federal government use the proceeds from selling the seized assets of sanctioned Russian oligarchs to help the people of Ukraine.
He said that frozen Russian assets “have to be used to rebuild Ukraine after the war as well as to pay for the losses caused to other nations.’’ In recent weeks, the U.S. and global allies have sanctioned dozens of oligarchs and their family members, along with hundreds of Russian officials involved in or deemed to be supporting its invasion of Ukraine. The White House says the new tools will toughen the impact of the sanctions on Russia’s economy and its ruling class by making sanctions more difficult to evade.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden wants another $33B to help Ukraine battle RussiaPresident Biden will ask Congress for $33 billion to help Ukraine fend off Russia, on top of the $13.6 billion package Congress enacted last month.
Read more »
Biden to ask Congress to enhance Russia sanctions enforcement, pass Ukraine aidPresident Biden expected to ask Congress for additional Ukraine aid and for new Russia sanctions enforcement measures in remarks from the White House on Thursday morning.
Read more »
Top Biden aide working on Russia sanctions to take leave of absenceThe public face of President JoeBiden's Russia sanctions strategy, Daleep Singh, is taking an extended leave of absence from the White House.
Read more »
Russia-Ukraine war live updates: E.U. on alert for more Russian reprisals; Biden to speak as shelling intensifies in eastUkraine’s Zelensky, who hosts the U.N. secretary general on Thursday, called Russia’s suspension of gas deliveries to two E.U. countries “blackmail.”
Read more »
EU tells gas companies not to pay Russia in rublesThe EU warns natural-gas companies not to pay Russia in rubles after the country cut supplies to Poland and Bulgaria
Read more »
What Could Be Next for WNBA Star Brittney Griner, Who Remains Held in Russia?“Diplomacy is still working': Trevor Reed's release from imprisonment in Russia shines a spotlight on fellow Texan and WNBA star Brittney Griner.
Read more »