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Free AccessBiden Announces Russia Sanctions
President Biden has announced US sanctions on Russia. He has said that Russia has followed the playbook outlined by Sec of State Blinken at the UN last week. Here is a summary of Bidens comments from the White House.
- 'Putin authorised Russian troops to deploy into Ukraine. Claiming large areas under the jurisdiction of Ukrainian government.'
- 'This is the beginning of a Russian invasion of Ukraine'.
- 'We are enacting sanctions far beyond what we did in 2014'.
- 'It is a flagrant violation of international law.' 'Russia has now undeniably moved against Ukraine'.
- 'I am announcing the first tranche of sanctions. Closely coordinated with allies. We are implementing full blocking sanctions on VEB and military bank. Comprehensive sanctions on Russian sovereign debt. Russia can no longer raise money on US or EU markets.'
- 'Starting tomorrow we are imposing sanctions of Russian elites and their family members.'
- 'We are working with Germany to ensure Nordstream 2 WILL NOT move forward.'
- 'US will continue to provide defensive support of Ukraine. US equipment will be moved to Baltic states. This is a defensive move. We will defend every inch of NATO territory.'
- 'We believe Russia will go further. There are still more that 150k troops surrounding Ukraine.'
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.