In Biden’s opinion, “these sanctions are the largest in history from an economic and political point of view.” Furthermore, he reckoned that his goal so far has been to keep NATO together.”
In addition, he considered that the Russian president, Vladimir Putin, is “producing the opposite effect to what he wanted”, because he thought he could divide the allies. “Russia will pay a high price,” he added.
“We are going to apply more sanctions and economic restrictions that are going to have a serious cost on the Russian economy. With these actions we are going to limit Russia’s technological imports by half,” Biden said last Thursday when announcing the series of measures against Putin.
They also affect the five main Russian banks: Sberbank, VTB, Otkritie, Novikombank and Sovcombank. The measure expels banks from the US financial system, prohibits their trade with Americans and freezes their assets in that country.
Great Britain and the European Union also announced that they will apply sanctions, both for Russia and for Putin and his inner circle.
At the moment, the assistance of the US and European countries to Ukraine also includes the provision of weapons and economic support.
Source: Ambito
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