U.S. Imposes Additional Sanctions on Russia

After Russia’s attack on Ukraine, U.S. President Joe Biden announced additional sanctions on Russian entities and individuals.

On Thursday,  during a televised address to the nation Biden said, “Putin chose this war. Andbnow he and his country will bear the consequences… Today, I’m authorising additional strong sanctions and new limitations on what can be exported to Russia”.

The sanctioned entities include VTB, SberBank, Bank Otkritie, Sovcombank OJSC, and Novikombank. U.S. and its allies have also placed restrictions on transactions of 13 major state-owned enterprises in Russia, several Russian elites and their family members as well as 24 Belarusian individuals along with sanctions Russia’s import of sensitive technology like defence, aviation and maritime sectors. Mr. Biden said that these sanctions are being imposed by US in concert with the 27 EU countries, the U.K., Canada, Australia, New Zealand, Japan and “many others.”

As per Biden, U.S. forces would not fight Russians in Ukraine but bolster NATO’s defences in Europe, especially in NATO’s eastern flank. “Our forces are not going to Europe to fight in Ukraine but defend our NATO allies and reassure those allies in the east,” he said.