Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Joe Biden unveils Russia sanctions as Putin sets rationale for further invasion

Joe Biden unveils Russia sanctions as Putin sets rationale for further invasion

President Joe Biden on Tuesday afternoon unveiled the ‘first tranche’ of sanctions on Russia after acknowledging that Russian President Vladimir Putin started an invasion of Ukraine and has laid the foundation to go further.


‘He’s setting up a rationale to go much further. This is the beginning of a Russian invasion of Ukraine,’ Biden said of Putin.

‘Russia has now undeniably moved against Ukraine. Today, I’m announcing the first tranche of sanctions to impose costs on Russia.’

Speaking from the White House, Biden said the US is imposing ‘full blocking’ of two large Russian financial institutions.

‘That means we’ve cut off Russia’s government from Western finance,’ he said. ‘It can no longer raise money from the West and cannot trade in its new debt on our markets or European markets either.’

Biden also revealed ‘comprehensive sanctions’ on Russian debt and the nation’s elites and their family members.

‘They share in the corrupt games of the Kremlin policies and should share in the pain as well,’ Biden said of the family members.

Biden warned that the US is prepared to step up sanctions against Putin.

‘We’ll continue to escalate sanctions if Russia escalates,’ Biden said.

The US has joined its European allies in punishing measures against Russia. Germany on Tuesday said it will halt certification of the Nord Stream 2 gas pipeline connecting it with Russia. The UK declared it would sanction Russian Parliament members who voted to recognize the independence of Donetsk and Luhansk, two pro-Russia separatist regions of Ukraine.

‘This is the first tranche, the first barrage of what we are prepared to do,’ British Prime Minister Boris Johnson told the Parliament on Tuesday.

Biden acknowledged that the new sanctions could lead to higher gas prices for Americans and vowed to work to limit the impact at home.

‘Defending freedom will have costs for us as well and here at home,’ he said. ‘We need to be honest about that.’

Biden spoke hours after US principal deputy national security adviser Jon Finer officially referred to Russia’s troops deployment as an ‘invasion’ of Ukraine.

‘We think this is, yes, the beginning of an invasion, Russia’s latest invasion into Ukraine,’ Finer said on CNN’s New Day show. ‘An invasion is an invasion and that is what is underway.’

Finer added that sanctions the White House announced on the two breakaway regions were just the ‘beginning’ of the US’s response. They were issued on Monday after Putin in a fiery speech recognized the so-called Donetsk and Luhansk People’s Republics.

Two European officials on Tuesday said that Russia had ordered troops into Ukraine, but Russia’s Foreign Ministry denied doing so. While there was no clear sign of a huge Russian military escalation in eastern Ukraine, many Ukrainians fled the separatist regions by bus.

Ukrainian President Volodymyr Zelensky urged his country to ‘keep a cool head’ and insisted he would not yield territory to Russia.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
Western Europe Records Hottest June on Record
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
China’s Central Bank Consults European Peers on Low-Rate Strategies
France Requests Airlines to Cut Flights at Paris Airports Amid Planned Air Traffic Controller Strike
Poland Implements Border Checks Amid Growing Migration Tensions
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
China Unveils Miniature Insect-Like Surveillance Drone
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Massive Anti-Government Protests Erupt in Belgrade
Iran Executes Alleged Israeli Spies and Arrests Hundreds Amid Post-War Crackdown
Hungary's Prime Minister Criticizes NATO's Role in Ukraine
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Hungarian Scientist to Conduct 30 Research Experiments on the International Space Station
NATO Members Agree to 5% Defense Spending Target by 2035
NATO Leaders Endorse Plan for Increased Defence Spending
U.S. Crude Oil Prices Drop Below $65 Amid Market Volatility
International Astronaut Team Launched to Space Station
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Iran Intensifies Crackdown on Alleged Mossad Operatives After Sabotage Claims
Trump Praises Iran’s ‘Very Weak’ Response After U.S. Strikes and Presses Israel to Pursue Peace
Oil Prices Set to Surge After US Strikes Iran
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
United States Conducts Precision Strikes on Iran’s Nuclear Sites
US strikes Iran nuclear sites, Trump says
Telegram Founder: I Will Leave My Fortune to Over 100 of My Children
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
×