Biden blocks trade in parts of Ukraine recognised as independent by Russia

Biden blocks trade in parts of Ukraine recognised as independent by Russia

US President Joe Biden on Monday signed an executive order blocking trade and investment in parts of Ukraine recognized as independent by his Russian counterpart Vladimir Putin. The White House, which called the Russian actions a gross violation of Moscow’s international commitments, said economic sanctions were in the pipeline.

The move comes as Putin escalated the Ukrainian crisis by recognizing as independent territories occupied by two Russian separatists in Ukraine. White House Press Secretary Jen Psaki said that we expected such a move from Russia and we are ready to respond immediately.

He said the executive order signed by Biden prohibits new investment, trade and financing by American individuals in the so-called DNR and LNR regions of Ukraine. The executive order also provides the authority to impose sanctions on any person determined to work in those regions of Ukraine.

To be clear: These measures are separate and will be in addition to the rapid and severe economic measures that we are preparing in coordination with allies and partners Russia invades Ukraine further, she said, consulting the US closely. has continued. Allies and partners, including Ukraine, on the next steps and on Russia’s ongoing growth along the border with Ukraine. Biden spoke with French President Emmanuel Macron and German Chancellor Olaf Scholz on Monday about Russia’s ongoing tensions along Ukraine’s borders.

The leaders strongly condemned President Putin’s decision to recognize Ukraine’s so-called DNR and LNR regions as independent. The White House said they discussed how they would continue to coordinate their response on the next steps. Shortly thereafter, Biden also spoke with Ukrainian President Volodymyr Zelensky to reaffirm the United States’ commitment to Ukraine’s sovereignty and territorial integrity.

Biden strongly condemned Russian President Putin’s decision to allegedly recognize the independence of Ukraine’s so-called DNR and LNR regions. The White House said it updated President Zelensky on the United States’ response, including our plan to release the sanctions. Biden reiterated that the United States, along with its allies and partners, will respond swiftly and decisively to advancing Russian aggression against Ukraine.

In a joint statement, House Foreign Affairs Committee lead Republican Michael McCaul and House Armed Services Committee lead Republican Mike Rogers demanded that this coercive act of aggressive and openly infringing Ukraine’s sovereignty and territorial integrity immediately cost the United States the real cost. Should be put Unfortunately, the restrictions previewed so far by the White House are the very definition of impotence. With reports that Putin is now sending troops under the guise of peacekeepers to the regions of Donetsk and Luhansk, ‘now is not the time for symbolic pinpricks that will only serve to encourage Putin and endanger our friends in Ukraine,’ he said. said. Unfortunately, the restrictions previewed so far by the White House are the very definition of impotence.

Now is the time for President Biden to impose sanctions that strike the heart of the Russian economy, and permanently end Nord Stream 2 as he promised the world he would, two Republicans he said.

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