Prohibit New Investment: President Joe Biden signed an Executive Order on Monday (local time) prohibiting US people’s new investment, trade, or finance to, from, the “so-called Donetsk and Luhansk People’s Republics.”
“I have signed an Executive Order to deny Russia the chance to profit from its blatant violations of international law. We are continuing to closely consult with Allies and partners, including Ukraine, on the next steps,” Biden added on Twitter.
“Russia’s commitments under the Minsk agreements further threatens the peace, stability, sovereignty, and territorial integrity of Ukraine, and thereby constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States,” Biden wrote in the prohibition order.
According to ANI, the US and its allies called an emergency meeting of the United Nations Security Council (UNSC) on Ukraine on Monday.
Putin signed a decree on Monday recognizing the independence of the breakaway republics of Donetsk and Luhansk. Putin made the statement to Russians during a televised address.
Prohibit New Investment
Published By: Khushboo Mehta
Edited By: Kritika Kashyap
