Biden hits Russia with new sanctions, says Putin ‘chose’ war

President Joe Biden speaks in regards to the Russian invasion of Ukraine within the East Room of the White Home, Thursday in Washington. (Alex Brandon, Related Press)

Estimated learn time: 2-3 minutes

WASHINGTON — President Joe Biden on Thursday introduced a brand new spherical of sanctions focusing on Russia after its invasion of Ukraine, charging that Russian chief Vladimir Putin “selected this warfare” and that his nation will bear the results of his motion.

The sanctions goal Russian banks, oligarchs and high-tech sectors, Biden stated. The USA and its allies will block property of 4 giant Russian banks, impose export controls and sanction oligarchs.

Biden additionally stated the U.S. will likely be deploying further forces to Germany to bolster NATO after the invasion of Ukraine, which isn’t a member of the protection group.

The penalties fall consistent with the White Home’s insistence that it could look to hit Russia’s monetary system and Putin’s internal circle, whereas additionally imposing export controls that may goal to starve Russia’s industries and army of U.S. semiconductors and different high-tech merchandise.

“Putin is the aggressor,” Biden stated. “Putin selected this warfare, and now he and his nation will bear the results.”

Biden, for now, held off imposing among the most extreme sanctions, together with chopping Russia out of the SWIFT cost system, which permits for the transfers of cash from financial institution to financial institution across the globe, or Russia’s power sector.

Biden introduced the sanctions whereas Ukraine’s authorities reported mounting casualties as Russian forces assault from the east, north and south.

Biden spoke to Individuals from the White Home hours after holding a digital assembly with the leaders of Britain, Canada, France, Italy and Japan. European Fee President Ursula von der Leyen, European Council President Charles Michel, and NATO Secretary-Normal Jens Stoltenberg additionally joined the assembly.

The president additionally met along with his nationwide safety crew on Thursday morning within the State of affairs Room as he regarded to flesh out U.S. strikes within the quickly escalating disaster.

Whereas Biden described the sanctions as extreme, Ukrainian officers urged the U.S. and West to go additional and lower the Russians from the SWIFT monetary system.

“We demand the disconnection of Russia from SWIFT, the introduction of a no-fly zone over Ukraine and different efficient steps to cease the aggressor,” Ukraine President Volodymyr Zelenskyy stated in a tweet.

The Biden administration, nevertheless, has proven some reluctance to chop Russia from SWIFT, no less than instantly, due to considerations the transfer might even have monumental ramifications for Europe and different Western economies. Biden, answering questions from reporters, appeared to push a choice on SWIFT to European allies.

“It’s at all times an choice however proper now that is not the place that the remainder of Europe needs to take,” Biden stated. He additionally contended that the monetary sanctions he introduced could be extra damaging to Russia.

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