President Biden is attending a NATO summit, a gathering of the Group of Seven industrialized nations and a summit of the European Union.
President Joe Biden is attending an emergency NATO summit, a gathering of the Group of Seven industrialized nations and summit of the European Union.– The United States will expand its sanctions on Russia in response to the invasion of Ukraine, targeting members of the country’s parliament and the central bank’s gold reserves, the White House announced Thursday.
A U.S. official, who requested anonymity to discuss internal deliberations, said Western nations are discussing the possibility of providing anti-ship weapons amid concerns that Russia will launch amphibious assaults along the Black Sea coast. While the West has been largely unified in confronting Russia after it invaded Ukraine, there's wide acknowledgement that unity will be tested as the costs of war chip at the global economy.
German Chancellor Olaf Scholz has dismissed calls to boycott Russian energy supplies, saying it would cause significant damage to his country's economy. Scholz is facing pressure from environmental activists to quickly wean Germany off Russian energy, but he said the process will have to be gradual. Four new NATO battlegroups, which usually number between 1,000-1,500 troops, are being set up in Hungary, Slovakia, Romania and Bulgaria.
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