The latest sanctions target Russian banks oligarchs and high-tech sectors. The United States and its allies would block assets of four large Russian banks, impose export controls, and sanction oligarchs, said Joe Biden.
® Biden imposes a new sanction, as Russia choose War
On Thursday, Joe Biden, U.S. President, announced the latest round of sanctions targeting Russia after it invades Ukraine. While in the media conference, Joe Biden Attacked Russian leader Vladimir Putin as he chose the Russia-Ukraine War. Now, Russia will bear the consequences of its action.
· Biden announced the new sanctions after Ukraine’s government reported mounting casualties as Russian forces attacked east, north and south.
· The new sanctions target Russian banks oligarchs and high-tech sectors.
· The United States and its allies would block assets of four large Russian banks, impose export controls, and sanction oligarchs.
· The penalties fall in line with the White Houses’ insistence, and it would hit Russia’s financial system. In addition to this, Putin’s inner circle also imposes export controls that would aim to starve Russia’s industries and military of US semiconductors and other high-tech products.
· Biden also imposes some of the most severe sanctions, including cutting Russia out of the SWIFT payment system, which allows for the transfers of money from bank to bank around the globe or Russia’s energy sector.
Edited by- Subbuthai Padma
Published by- Radhika.N
