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US to impose fresh sanctions against Russia

WorldRussiaUS to impose fresh sanctions against Russia

The US on Thursday has made an announcement about the fresh sanctions against Russia in which President of US Joe Biden-led administration has targeted Russian defence firms, members of its parliament and the chief executive of the nation’s largest banks.

The recent announcement comes after NATO (North Atlantic Treaty Alliance) allies, European Council, & G7 members held a meeting in Brussels, Belgium, earlier in the day to discuss the Russian invasion of Ukraine. This was the first meeting between the trio since last month’s war.

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In the recent sanctions, the US will impose complete blocking on over 400 individuals as well as entities, including Russia’s lower house of parliament – Duma & its 328 members, 48 Russian defence firms, and over a dozen of the country’s elites.

Biden tweeted, “I’m announcing additional sanctions on over 400 Russian elites, lawmakers, and defence companies in response to Putin’s war of choice in Ukraine. They personally gain from the Kremlin’s policies, and they should share in the pain.”

But the US said that it is announcing plans to welcome up to 100,000 Ukrainians & others fleeing Russian invasion “through the full range of legal pathways, including the US Refugee Admissions Program”.

Furthermore, the US said that the Biden administration is prepared to provide over $1 billion in new funding towards humanitarian assistance to support people within Ukraine and “assist those affected by the global impacts of Russia’s war”.

 

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