Friday, July 1st, 2022 19:38:35

US President Joe Biden unveils new sanctions on Russia; All Russian assets in America to be frozen

Updated: February 25, 2022 1:19 pm

US President Joe Biden unveiled new sanctions on Russia meant to punish the country for its invasion of Ukraine. Addressing the nation from the White House, Mr. Biden said that Russian President Vladimir Putin is the aggressor and now his country will bear the consequences.

The US President laid out a set of sanctions including export controls that will impose a severe cost on the Russian economy. He said, all Russian assets in America will be frozen. Mr. Biden said, the new sanctions also include four Russian banks and corrupt billionaires and their families who are close to the Kremlin. He also announced a new deployment of ground and air forces to NATO’s eastern flank, even as he reiterated US troops would not engage in direct conflict in Ukraine. He said, US forces are not going to Europe to fight in Ukraine but defend their NATO allies and reassure those allies in the east.

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