Biden Says Putin Will 'Bear the Penalties,' Broadcasts New Sanctions

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

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

Mr. Biden stated america would minimize off Russia’s largest banks and largest corporations from the western monetary markets and would limit exports of know-how to Russia, saying that will vastly degrade the nation’s means to thrive within the weeks, months and years forward.

He additionally stated america was freezing trillions of {dollars} in Russian property, 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 licensed sending extra troops to Jap European international locations within the NATO alliance. Whereas he vowed once more that American troops is not going to have interaction with Russia in Ukraine, he stated that america would defend its NATO allies if Russia moved past Ukraine’s borders.

“America will defend each inch of NATO territory with the total pressure of American energy,” he stated.

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

“America stands as much as bullies,” he stated. “That is 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 assist for the besieged nation.

On Thursday morning, Mr. Biden met along with his nationwide safety staff within the Scenario 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 struggle in Europe begun by Mr. Putin.

Mr. Biden had for weeks threatened extreme sanctions that might 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 licensed the start of these sanctions when the Russian chief declared his intention to wage struggle.

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