Search Results: US President (4606)

Europian Union

For its military intervention in Ukraine, the European Union has imposed fresh sanctions on Russia, including prohibitions on Russian energy sector investments, luxury goods exports to Moscow, and steel imports from Russia. More corporate executives who support Russia’s government have had their assets frozen, including Chelsea football club owner Roman Abramovich as well as the head of Russian state Television Network One, Konstantin Ernst, who have been included to a blacklist that already comprises dozens of wealthy Russians. What are those new sanctions? The new sanctions come after three rounds of punitive measures, including the freezing of the Russian central bank’s assets, the exclusion of some Russian and Belarusian banks from the SWIFT banking system, and the freezing of the assets of oligarchs but also top politicians, along with Russia’s President Vladimir Putin as well as foreign minister Sergey Lavrov. According to the European Commission, the penalties include “a broad restriction on new investment in Russia’s energy industry.” The sanctions will affect Russia’s oil companies Rosneft, Transneft, and Gazprom Neft, who might face a transaction ban, although EU representatives will still be allowed to acquire their oil and gas. Impact on Companies On Monday, the EU achieved a preliminary agreement upon that new measures. The…

US

President Joe Biden of the United States stated on Monday that he would be willing to take action to defend Taiwan, drawing praise from the democratic, self-governing island but fierce rebuke from China. “Yes,” Biden said during a joint press conference alongside Japanese Prime Minister Fumio Kishida when asked if the US would support Taiwan if attacked. “We made that pledge,” Biden stated. “We support the policy of “one China.” We agreed to participate. From then, all of the subsequent agreements were made. But the notion that it can be seized simply by force is absurd. It is simply not proper.” On his first visit to Japan while taking office, He stated that such an act would never be planned or attempted. Taiwan’s foreign ministry expressed gratitude to Biden for confirming US backing for the island in the event of an invasion by Beijing. The remarks made by…

US Military Would Defend Taiwan If China Invades: Joe Biden - Asiana Times

US President Joe Biden stated on Tuesday that there was no change to the US policy of “strategic ambiguity” towards Taiwan, a day after he appeared to push the boundaries of the US position on the island by stating that he would be prepared to use force to defend it.