UKRAINE: Russia will have to pay as Joe Biden issue new strict sanctions

President Joe Biden imposed further sanctions against Russia on Thursday in response to the nation’s invasion of Ukraine, alleging that Russian President Vladimir Putin “choosed this conflict” and that his country would pay the repercussions of his decision.

According to Biden, the penalties are aimed at Russian banks, billionaires, and high-tech industries. The US and its partners will freeze the assets of four major Russian banks, impose export restrictions, and penalize billionaires.

Biden also said that the US would send more troops to Germany to buttress NATO after the invasion of Ukraine, which is not a member of the alliance.

The sanctions are consistent with the White House’s assertion that it will target Russia’s banking system and Putin’s inner circle, as well as impose export curbs aimed at depriving Russia’s industry and military of American semiconductors and other high-tech equipment.

Biden said, “Putin is the aggressor.” “Putin chose this conflict, and he and his people are now paying the price.”

For the time being, Biden has refrained from applying the most severe penalties, such as shutting Russia out of the SWIFT payment system, which permits money to be transferred from bank to bank throughout the world, or sanctioning Russia’s energy industry.

As Russian soldiers advance from the east, north, and south, Biden announced the penalties while the Ukrainian government reported rising deaths.

Hours after conducting a virtual conference with the leaders of the United Kingdom, Canada, France, Italy, and Japan, Biden spoke to Americans from the White House. Ursula von der Leyen, President of the European Commission, Charles Michel, President of the European Council, and NATO Secretary-General Jens Stoltenberg all attended the meeting.

On Thursday morning, the president convened with his national security team in the Situation Room to discuss U.S. steps in the rapidly growing situation.

While Biden called the penalties “serious,” Ukrainian authorities encouraged the US and the rest of the world to go even farther and shut Russia out of the SWIFT payment system.

“We demand that Russia be disconnected from SWIFT, that a no-fly zone be established over Ukraine, and that additional effective measures be taken to halt the aggressor,” Ukraine President Volodymyr Zelenskyy stated in a tweet.

The Biden administration, on the other hand, has expressed reservations about removing Russia from SWIFT, at least for the time being, because to fears that the action would have far-reaching consequences for Europe and other Western economies. In response to reporters’ questioning, Biden seemed to press European partners to make a decision on SWIFT.

“It’s always a possibility,” Biden added, “but right now, that’s not the stance that the rest of Europe wants to take.” He further claimed that the economic penalties he issued will harm Russia more.

Secretary of Defense Austin has authorized the deployment of about 7,000 extra Service Members to Europe at the President’s request.

An armored brigade combat team with accompanying capabilities and enablers would be part of this. They will be stationed in Germany to reassure NATO allies, prevent Russian aggression, and assist a variety of regional needs.

They are expected to leave in the next days.

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