Biden Announces New Sanctions on Russia
On Thursday, President Biden announced new sanctions on Russia in response to Russian President Vladimir Putin’s decision to invade Ukraine. “Today, the United States, along with Allies and partners, is imposing severe and immediate economic costs on Russia in response to Putin’s war of choice against Ukraine,” the White House said in a statement. “Today’s actions include sweeping financial sanctions and stringent export controls that will have profound impact on Russia’s economy, financial system, and access to cutting-edge technology.” “The sanctions measures impose severe costs on Russia’s largest financial institutions and will further isolate Russia from the global financial system,”