Biden imposes further sanctions on Russia: ‘Putin selected this conflict’

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“Putin is the aggressor. Putin selected this conflict. And now he and his nation will bear the results,” Biden stated, laying out a set of measures that may “impose extreme price on the Russian financial system, each instantly and over time.”

The brand new sanctions embody export blocks on know-how, a centerpiece of Biden’s method that he stated would severely restrict Russia’s means to advance its army and aerospace sector. He additionally utilized sanctions on Russian banks and “corrupt billionaires” and their households who’re near the Kremlin.

The targets weren’t restricted to Russia. The US additionally went after people in Belarus, together with the nation’s protection minister, for that nation’s function in facilitating the Russian assault.

“Our forces will not be and won’t be engaged within the battle,” he stated. “Our forces will not be going to Europe to struggle in Ukraine however defend our NATO allies and reassure these allies within the east.”

Biden addressed the nation from the White Home East Room, his first look in public because the Russian assault commenced late Wednesday. In his remarks, Biden forged Russia’s invasion of its neighbor as a generational second that has the potential to upend international order.

“Putin’s actions betray a sinister imaginative and prescient for the way forward for our world, one the place nations take what they need by pressure,” he stated.

He declared the Russian president’s actions would “find yourself costing Russia dearly, economically and strategically.”

The brand new sanctions, the newest US reprisals towards Moscow this week, had been reserved as Biden hoped to take care of some leverage in dissuading Putin from a full-scale invasion. However to date, Western threats of financial punishment, in addition to Biden’s technique of revealing what the US knew about Putin’s buildup of forces to attempt to make the Russian chief second-guess himself, have confirmed ineffective.
After months of predictions and warnings, Russian forces began their attack on Ukraine Thursday morning native time, with experiences of troops crossing the border to the north and south, explosions in a number of cities together with the capital Kyiv, and warnings from Putin of future bloodshed until Ukrainian forces lay down their arms.

Biden’s sanctions at the moment are meant to punish Putin’s actions, reasonably than forestall them, by going after Russia’s financial system, its army capabilities and people closest to the Russian president. How a lot they will alter Putin’s decision-making going ahead, nevertheless, stays an open query.

“Nobody anticipated the sanctions to stop something from taking place. It is going to take time. We now have to indicate resolve. He is aware of what’s coming,” Biden stated.

Conscious of rising gasoline costs in america, Biden stated he was working to restrict the fallout the brand new sanctions would have on vitality costs. He stated the US was able to launch barrels from the Strategic Petroleum Reserve alongside its allies.

“I do know that is arduous and that People are already hurting,” he stated. “I will do all the things in my energy to restrict the ache the American persons are feeling on the gasoline pump.”

Earlier than he spoke, Biden conferred with the leaders from the Group of seven industrialized nations about which sanctions they deliberate to impose, hoping to coordinate a response that initiatives unity amongst Western allies. US and European officers spoke by cellphone in a single day into Thursday to coordinate their responses.

In a joint assertion following the digital assembly, the leaders of the G7 stated Putin has “re-introduced conflict to the European continent.”

“He has put himself on the mistaken aspect of historical past,” the leaders wrote.

Why Putin's long-feared attack on Ukraine will rock America and the world

On Thursday morning, EU Fee President Ursula von der Leyen promised to “weaken Russia’s financial base and its capability to modernize” following the “barbaric assault” by Russia towards Ukraine.

“We are going to freeze Russian property within the European Union and cease the entry of Russian banks to European monetary markets,” she stated.

Biden additionally convened a gathering of his Nationwide Safety Council on Thursday morning to debate the state of affairs in Ukraine, a White Home official stated.

Biden’s high nationwide safety aides convened emergency conferences late Wednesday as Putin introduced his plan to launch a “army operation” towards Ukraine in a televised deal with. The speech was aired in Russia on the similar time the United Nations Safety Council was convening to sentence Moscow’s conduct, catching some delegates off-guard.

Huddled within the West Wing, Biden’s nationwide safety adviser Jake Sullivan and different high officers ready a press release from Biden condemning Russia’s assault as “unprovoked and unjustified.”

“President Putin has chosen a premeditated conflict that may carry a catastrophic lack of life and human struggling,” Biden wrote within the assertion, issued at 10:25 p.m. ET simply as explosions started in Kyiv.

An hour later, Biden was on the cellphone with Ukrainian President Volodymyr Zelensky, who reached out to the White Home as his nation was coming below siege.

“He requested me to name on the leaders of the world to talk out clearly towards President Putin’s flagrant aggression, and to face with the folks of Ukraine,” Biden stated afterward in a press release. He stated the US and its companions deliberate on “imposing extreme sanctions on Russia.”

Biden introduced a extra restricted bundle of sanctions on Monday following Putin’s initial decision to ship troops into Ukraine following recognition of two pro-Russia areas within the Japanese a part of the nation. These measures went after two state-owned monetary establishments, three members of Putin’s inside circle and Russia’s sovereign debt.

This story and headline have been up to date with further developments Thursday.

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