BIDEN UNVEILS SANCTIONS, SAYS PUTIN AND RUSSIA ''WILL BEAR THE CONSEQUENCES''
Feb 24, 2022
By Bob Komsic
Like Canada, the U.S. has announced a new round of sanctions against Russia.
”Putin is the aggressor. Putin chose this war. And now he and his country will bear the consequences,” says President Joe Biden.
The new measures target Russian oligarchs, banks, high-tech sectors.
”This is going to impose severe cost on the Russian economy, both immediately and over time.
Some of the most powerful impacts of our actions will come over time, as we squeeze Russia’s access to finances and technology for strategic sectors of its economy and degrade its industrial capacity for years to come.”
Biden says NATO would meet Friday to plan further measures.
The president repeated the U.S. would not engage in war with Russia but that it would meet its commitments to defend NATO partners.
Biden has also authorized troops that had been on standby to deploy to Germany.