Stella Dimoko US Sanctions Russia Over Ukraine Invasion


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Wednesday, February 23, 2022

US Sanctions Russia Over Ukraine Invasion

President Joe Biden said Tuesday that Russia has begun “an invasion” of Ukraine, and he announced sweeping sanctions on the major Russian bank VEB and its military bank, as well as on the country’s sovereign debt and on three individuals.

The bank sanctions will prohibit American financial institutions from processing transactions for VEB and for Russia’s military bank, PSB. This would effectively cut the banks out of transactions involving U.S. dollars, the global reserve currency.

Biden’s announcement came after Russia’s parliament approved President Vladimir Putin’s request on Tuesday to use military force outside the country’s borders, a development that appears designed to authorize a broader attack on Ukraine.

Biden also announced that the United States would implement comprehensive sanctions on Russia’s sovereign debt.

“That means we’ve cut off Russia’s government from Western financing,” Biden said in remarks at the White House. “It can no longer raise money from the West and cannot trade its new debt on our markets, or European markets either.”

In addition to the sanctions on VEB and Russian debt, the Biden administration sanctioned three individuals, two of whom are the sons of high-ranking Russian government officials.

In announcing the individual sanctions, Biden said the adult children of members of Putin’s inner circle “share the corrupt gains of the Kremlin’s policies, and so they ought to share in the pain as well.”

The sanctions on Russia’s sovereign debt build upon existing restrictions that Biden signed in 2021, and prohibit American banks from trading shares in or lending to several major Russian sovereign debt funds.

As Biden announced the tranche of sanctions, he took a major rhetorical step.

Biden said there was little reason to believe that Russia still had any interest in diplomacy. He pointed to Moscow’s recent movements of troops and supplies into place along Ukraine’s border.

“Russia has moved supplies of blood and medical equipment into position on their border,” said Biden. “You don’t need blood unless you plan on starting a war.”

The prospect of a war involving Russia, the largest supplier of gas and oil to Europe, has rattled markets and fueled fears of higher oil prices.

Biden said he would do everything in his power to insulate American consumers from the cost of Russia’s actions, but he acknowledged that gas prices would likely rise.

“Defending freedom will have costs for us as well, here at home. We need to be honest about that,” he said. But he said the United States was working with other major oil-producing countries on a plan to stabilize prices.

“I want to limit the pain the American people are feeling at the gas pump. This is critical to me,” he said.

The possible increase in gas prices comes as Americans endure the highest inflation in decades.

But Biden emphasized that that United States would stand with Ukraine no matter what, and that he was prepared to impose more sanctions if Russia moved forward.

“if Russia goes further with this invasion, we stand prepared to go further as with sanctions,′ he said.


  1. Russia should calm down πŸ”»πŸ”»

  2. So we should all prepare for war na? No problem. Erhm, pls o who remembers the address of the caves the Israelite used to use in hiding from their enemies that year? If you nor know the address sef, just buy map give me abeg. I'll find it myself.

  3. I am wondering how all these we play out? Will Putin retreat?

    1. Putin has declared for Vawulence already; so no retreat. Did you watch his drama with his Spy chief? You've got to see that video @Ekele. As in, the fear of Putin is the beginning of fainting. That man no get joy but who can totally blame him in this situation? He wants the West to stop their incursions into "his territory" and he is using Ukraine [The West's puppet] to send the message.

      It's Ukraine I pity last last. I hope the United State's abandonment of Afghan Citizens to their [ill] fate in the wake of the Taliban takeover is still fresh in their minds. Better to make peace with Putin now even if it's temporary than to trust that the US/UK will save them. May God protect all his people in that region especially our Nigerian youths who went there to study. Make dem no from frypan enter fire as collateral damage.

  4. Just sanctions? Do more to save Ukraine!

  5. USA/UK/EU: Sanctions! Sanctions!!

    Russia: We are not afraid of sanctions!

    Putin saw how Biden handled the Afghanistan issue last year and knows they will not send their cavalry to save Ukraine if push came to shove. Ukraine never even join NATO, na think dem still dey think am but Putin knows the endgame. Of course, the US is the strongest military in the world followed by China. However, Russia and China are "silent" allies. Can the US afford a full scale war with Russia and China at the same time because of Ukraine? The next 72hrs are very crucial. Na prayers and siddon look level I dey. God abeg make WW3 no use style start like play o. The entire world cannot afford the consequences of a global war right now after the katakata of Covid-19.

  6. Baba Putin lahorwowo nor start 3rd world war o😭😭😭😭 I know you are not scared of the Americans, but na innocent people like us go suffer am cause it's the grass that suffers when two elephants re fighting.

    By the way, Bubu abeg nor put mouth for this matter o

    1. Your last paragraph killed it🀣🀣🀣🀣🀣🀣🀣🀣🀣

    2. Hahahhaha Kidjo! You say make Bubu nor put mouth for the matter ke? Shey baba know wetin dey happen for we contri here sef?

  7. The West is broke from their covid stupidity, now they want to use Russia to shine!!! Putin did not invade Ukraine , he went in to protect his citizens in Donetsk and Luhansk People's Republics!!!Na so so dull people full SDK!!! Please understand political issues!!! those of you that took the vaxx , enjoy your falls and fainting spells ! Now only God go save una at this point!!! because the thing don dey damage una brain small small!!! For those of you that are repentant , eat loads of vegetable, the chlorophyll flush with zinc!!! And ask God for forgiveness!!!Shalom

    1. Can you listen to yourself? Its like saying Niger republic will declare sambisa in Nigeria a republic and will now enter sambisa to protect it because it wants to save its citizens there??? Then he should enter all countries in the world and protect its citizens there. You just open your mouth waa and yarn anything.

    2. 12.28, stop with the foul language. How old are you?

  8. Somehow I think this is exactly what Russia wants.


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