President Biden outlined a new round of sanctions against Russia on Thursday in response to an invasion of Ukraine that threatens to embroil Europe in a major war.
WASHINGTON — , as well as some of the nation's wealthiest individuals.
Biden depicted the measures as a necessary punishment for Russian President Vladimir Putin's decision to invade Ukraine, a sovereign nation that has been desperate to avoid conflict. “Putin is the aggressor,” Biden said in remarks from the White House of the burgeoning conflict that he and his administration had been“Putin chose this war, and now he and his country will bear the consequences,” the president said.
“This is going to impose severe costs on the Russian economy, both immediately and over time. We have purposefully designed these sanctions to maximize the long-term impact on Russia — and to minimize the impact on the United States and our allies.”, which would bring Russian gas directly to Western Europe. Russia is a major exporter of oil and gas, and the energy sector is central to its faltering economy.
. Over the weekend, French President Emmanuel Macron had endeavored to arrange a summit between Putin and Biden, but the Russian invasion scuttled hopes of a meeting.Where are Russian forces surrounding Ukraine? Check out this explainer from Yahoo Immersive to find out.
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