Biden Announces New Sanctions Against Russia
Biden Says U.S. Allies Are 'United in Support of Ukraine'
February 22, 2022--President Joe Biden announced new sanctions against Russia, two Russian banks and individuals today in the wake of Russia's breach of Ukraine's borders.
Biden said the new sanctions go that "far beyond" those enacted in 2014. This comes in response to Russian President Vladimir Putin's recognition of two Ukrainian regions as independent and Russia's invasion of Ukraine.
New 'First Tranche' of Sanctions
The new U.S. sanctions apply to:
Two state-owned financial institutions, VEB and PSB, which support Russia’s defense capability and its economy.Russian elites, including Denis Aleksandrovich Bortnikov, a Russian official and an executive at VTB Bank, Petr Mikhailovich Fradkov, chairman and CEO of PSB ...