The U.S., U.K., and the European Union are set Wednesday to impose new punishing sanctions targeting Russia including a ban on all new investment in the country after evidence of torture and killings emerged in recent days from a town outside of Kyiv.
President Joe Biden speaks during an event about the Affordable Care Act, in the East Room of the White House in Washington, Tuesday, April 5, 2022. sanctions targeting Russian President Vladimir Putin’s two adult daughters and said it was toughening penalties against Russian banks
The penalties cut off all of Putin’s close family members from the U.S. financial system and freeze any assets they hold in the United States.“I made clear that Russia would pay a severe and immediate price for its atrocities in Bucha,” Biden said in a tweet. Britain has not ended imports of Russian natural gas, which accounts for 4% of its supply, saying only that it will do so “as soon as possible.”
The steady intensifying in sanctions is less a sign of their shortcomings than the building pressure against Russia as it seeks foreign investment and basic goods, Brian Deese, director of the White House National Economic Council, told reporters at a Wednesday breakfast. “We need to have patience and perspective when it comes to the impacts on Russia of this unprecedented and crippling sanctions regime,” Deese said at the event sponsored by The Christian Science Monitor.
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