US will cut off Russia from technology and resources if situation in Ukraine escalates, Treasury Department says

US will cut off Russia from technology and resources if situation in Ukraine escalates, Treasury Department says

Russian President Vladimir Putin can do much more damage in Ukraine, and the United States is prepared to respond by withholding technology and resources if he does, Treasury Deputy Secretary Wally Adeyemo said.

Such measures were not announced Tuesday as part of a round of sanctions unveiled by President Joe Biden to punish Putin for recognizing two breakaway regions of Ukraine as independent and deploying troops to the regions to “Keep the peace”.

President Putin clearly has the ability to do much more than he has done so far”, Adeyemo said in an interview with CNBC.

In response, the Biden administration could deprive Russia of a vast swath of high-tech and low-tech goods made in the United States and abroad, from commercial electronics and computers to semiconductors and aircraft parts, people familiar with the matter have told Reuters. the case.

The key that President Putin has to consider is whether he wants to ensure that Russia’s economy is capable of growth, that it has the resources it needs to be able to project power into the future. If he decides to invade, what we’re telling him very directly is that we’re going to cut that off.”, he added.

We are going to cut off Western technology that is essential for the advancement of your army, we are going to cut off Western financial resources that will be essential to fuel your economy and also to enrich yourselfAdeyemo added.

Source: Gestion

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