The U.S. and its European allies will impose stiff new sanctions, including a ban on new investments in Russia on Wednesday in retaliation for Russia’s “war crimes” in Ukraine, according to the White House
President Joe Biden speaks to the media at Fort Lesley J. McNair, Monday, April 4, 2022, as he returns to Washington and the White House after spending the weekend in Wilmington, Del. WASHINGTON — — The United States and western allies plan to pile additional sanctions on Russia on Wednesday after the emergence of troubling new evidence of war crimes in Ukraine, according to the White House. The new penalties will include a ban on all new investment in Russia.
Separately, the Treasury Department moved Tuesday to block any Russian government debt payments with U.S. dollars from accounts at U.S. financial institutions, making it harder for Russia to meet its financial obligations. Psaki said the administration is assessing “additional consequences and steps we can put in place” but underscored that Biden is not weighing any military action.
On Monday, Biden called for his Russian counterpart, Vladimir Putin, to be tried for war crimes and face new sanctions because of the atrocities and abuses seen around Kyiv after Russian forces pulled back from the Ukrainian capital. The corpses of what appeared to be civilians were seen strewn in yards, many of them likely killed at close range.
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