U.S. imposes new sanctions as Biden warns Russia of escalating response
Posted February 24, 2022 11:33 am.
Last Updated February 25, 2022 6:42 am.
U.S. President Joe Biden has issued a stern warning to Russia, saying its aggression toward Ukraine will not be tolerated by the international community.
Biden addressed the public Thursday after a virtual G7 meeting, announcing a number of new sanctions against the Kremlin. His announcement came after Canada laid out its measures against Russia, in response to that country’s military’s invasion of Ukraine.
“(Vladimir) Putin’s aggression against Ukraine will end up costing Russia dearly, economically, and strategically. We will make sure of that. Putin will be a pariah on the international stage. Any nation that countenances Russia’s naked aggression against Ukraine will be stained by association,” he said.
The U.S. president called Russia’s attack a “brutal assault on the people of Ukraine,” adding it came “without provocation, without justification, without necessity.”
“This is a premeditated attack,” Biden told reporters, adding Putin had been planning this military effort for months.
He reaffirmed this war unfolding between Russia and Ukraine was Putin’s decision, and that his country would now face the consequences.
The U.S. has authorized additional strong sanctions, with new limitations on exports to Russia.
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America and its allies are taking steps to limit the Russian government’s ability to “do business in dollars, euros, pounds, and yen,” with its sanctions, with Biden adding measures will also “stomp” Russia’s ability to funnel more money into its military.
“This is going to impose severe costs on the Russian economy, both immediately and over time. We have purposefully designed these sanctions to maximize the long-term impact on Russia and to minimize the impact on the United States and our allies,” Biden said, noting a coalition of partners across Europe, the Americas, and abroad stand united.
In addition to new sanctions, Biden says additional troops are being deployed to Germany to bolster NATO forces.
Meanwhile, the United Nations is freeing up $20 million in urgent humanitarian funding for Ukraine.
