President Biden is set to address the world today from Warsaw, Poland, ahead of the one-year mark of Russia's brutal full-scale invasion of Ukraine.
Mr. Biden on Monday said more sanctions would be coming, though Deputy Treasury Secretary Wally Adeyemo, in a phone call with reporters Monday, declined to give details ahead of a formal announcement.
In his speech, the president is expected to recap how the U.S. has supported Ukraine and rallied European allies to the cause, as well as what the U.S. has done so far to sanction Moscow. Adeyemo said Mr. Biden will talk about how the U.S. is making it harder for Russia to conduct the war, both by isolating Moscow economically and making it tougher for President Vladimir Putin's regime to fund its military operations.
Adeyemo said Russia had lost about 9,000 pieces of equipment on the battlefield and struggled to find money to replace the equipment. Going forward, the U.S. will continue its cooperation with allies as it sanctions Russia and increase pressure on companies doing business with Moscow.
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