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Biden Pronounces New Russia Sanctions: Putin Will 'Bear the Penalties'

WASHINGTON — President Biden on Thursday stated the USA is imposing what he stated could be crushing sanctions on Russia for waging battle on Ukraine, denouncing President Vladimir V. Putin of Russia for launching a “brutal assault on the individuals of Ukraine” in a single day.

“Putin is the aggressor. Putin selected this battle,” Mr. Biden stated in remarks from the White Home. “And now he and his nation will bear the implications.”

Mr. Biden stated the USA would reduce off Russia’s largest banks and largest corporations from the western monetary markets and would limit exports of expertise to Russia, saying that may vastly degrade the nation’s potential to thrive within the weeks, months and years forward.

He additionally stated the USA was freezing trillions of {dollars} in Russian belongings, together with the funds managed by Russian elites and their households, making them pay for what Mr. Biden referred to as “a premeditated assault” in opposition to a free nation in Europe.

And the president stated that he had approved sending extra troops to Japanese European international locations within the NATO alliance. Whereas he vowed once more that American troops is not going to interact with Russia in Ukraine, he stated that the USA would defend its NATO allies if Russia moved past Ukraine’s borders.

“The US will defend each inch of NATO territory with the complete power of American energy,” he stated.

He warned People that they might really feel some financial ache from the Russian invasion, however he stated there was no query that the USA and its allies wanted to reply aggressively to the invasion.

“America stands as much as bullies,” he stated. “That’s who we’re.”

In a single day, as Russian armament started raining down on Ukraine’s cities, Mr. Biden spoke by telephone with President Volodymyr Zelensky of Ukraine and pledged to rally the world behind help for the besieged nation.

On Thursday morning, Mr. Biden met together with his nationwide safety staff within the State of affairs Room. Officers stated they mentioned “how we are going to maintain Russia accountable for its unprovoked and unjustified assault on Ukraine.” He additionally met by video with leaders of the Group of seven nations in an effort to coordinate the worldwide response to the battle in Europe begun by Mr. Putin.

Mr. Biden had for weeks threatened extreme sanctions that would cripple Russia’s economic system, within the hopes that Mr. Putin would again down from plans to invade his neighbor. Earlier this week, Mr. Biden approved the start of these sanctions when the Russian chief declared his intention to wage battle.

However the president and European allies had held again essentially the most aggressive sanctions and warned Mr. Putin that the punishment would enhance if his tanks rolled throughout Ukraine’s border.

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