Biden announces sanctions on Russia for invading Ukraine. Here’s what that means

Written by on February 23, 2022

Russian invasion of Ukraine triggers US sanctions. What’s on the record?

  • US sanctions hit the internal circle of Russian President Vladimir Putin.
  • Sanctioned Russian banks, VEB and Promsvyazbank, maintain $80B in property and finance Russian protection..
  • Sanctions outlined Tuesday are just the start, the White Home stated.

WASHINGTON –  President Joe Biden on Tuesday introduced biting U.S. sanctions on Moscow within the wake of Russian President Vladimir Putin’s determination to ship troops into two areas in japanese Ukraine, which Biden denounced as a “flagrant violation of worldwide regulation.”

Biden stated the primary wave of U.S. penalties consists of “full blocking sanctions” on two main Russian monetary establishments, in addition to on the nation’s sovereign debt.

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