Biden announces sanctions against big Russian banks and oligarchs

Biden announces sanctions against big Russian banks and oligarchs

In addition, Joe Biden has confirmed that the United States will strengthen its military presence in Ukraine and has assured that “it will defend every inch of NATO territory.”

US President Joe Biden announced this afternoon sanctions against four large Russian financial entitiesincluding VTB, the second largest bank in the country, as well as new economic punishments against oligarchs close to the Kremlin, in response to the invasion of Ukraine.

“This means that all its assets in the US will be frozen (…) We are going to stop Russia’s ability to finance itself,” Biden remarked during a speech from the Banking House.

In addition to the VTB, the assets of the banks Sberbank, Otkritie and Sovcombank have also been blocked, according to the Treasury Department in a statement.

It has also announced additional measures such as the export restrictions technology to Russia and the expansion of sanctions on the oligarch elite Close to Russian President Vladimir Putin.

Those sanctioned include Alexander Vedyakhin, deputy director of Sberbank; Andrey Puchkov and Yuriy Soloviev, senior officials of the VTB bank, and Soloviev’s wife, Galina Ulyutina.

“Putin has chosen this war and Russia will suffer the consequences”

Biden, who does not plan to speak with Putin in the short term, has pointed out that the Russian leader has “ambitions greater than Ukraine” and that, in fact, he aspires to “restore the Soviet Union”. “These ambitions are absolutely contrary to where the rest of the world is,” she said.

“Putin is the aggressor, Putin has chosen this war and now he and his country have to bear the consequences,” said Biden, who aspires to Russia becoming increasingly “weak” while the world becomes “increasingly stronger”. “.

In this sense, he assured that, in the current scenario, in which Russia has committed “a flagrant violation of international law”there is no other way than to react, and that the United States “is not alone”, in a message of unity that is also transferred to the other side of the Atlantic Ocean.

In the military sphere, Biden has confirmed that the United States will reinforce its military presence in Ukraine and “will defend every inch of NATO territory”which does not include Ukrainian territory.

“Our forces are not going to Europe to fight in Ukraine, but to defend our allies,” he clarified in his appearance.

Subsequently, the Pentagon has specified that The United States will send about 7,000 soldiers to Germany to strengthen NATO after the invasion of Ukraine.


Source: Eitb

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