United States Damns Putin, Places Heavy Sanctions On Russia

The President of the United States of America Joe Biden has placed heavy sanctions on Russia following their invasion of Ukraine.

Biden announced strong sanctions on Russia banks with assets in the US and has also placed limitations on what can be exported to Russia.

The leader of the free world gave the update while speaking from the white house on Thursday.

He said: “This is going to impose severe cost on the Russian economy, both immediately and over time. We have purposefully designed these sanctions to maximize a long-term impact on Russia and to minimize the impact on the United States and our allies,”

“We’re also blocking four more major banks. That means every asset they have in America will be frozen.”

“It’s going to take time and we have to show resolve, so he knows what is coming. So the people of Russia know what he’s brought on them. That’s what this is all about. This is going to take time.”

He also stated that the United States would not be carrying out the sanction alone as 27 EU members and G7 members will follow suit.

Here are the sanctions he announced:

– Limit Russia’s ability to do business in dollars, euros, pounds and yen to be part of the global economy.

– Stop the ability to finance and grow the Russian military.

– Impair their ability to compete in high-tech 21st century economy.

US sanctioned Russian banks that together hold around $1 trillion in assets.