WATCH: Biden Hits Russia with New Sanctions, Says Putin “Chose” War
President Biden speaks at the White House on new sanctions against Russia for invading Ukraine – February 24, 2022
President Joe Biden has announced a new round of sanctions targeting Russia after its invasion of Ukraine, charging that Russia’s Vladimir Putin “chose this war” and that his country will bear the consequences of his action.
The sanctions target Russian banks, oligarchs, and high-tech sectors.
The penalties fall in line with the White House’s insistence that it would look to hit Russia’s financial system and Putin’s inner circle, while also imposing export controls that would aim to starve Russia’s industries and military of U.S. semiconductors and other high-tech products.
Biden, for now, is holding off imposing some of the most severe sanctions, including cutting Russia out of the SWIFT payment system.
NATO will convene a summit Friday to bring together the leaders of 30 allied nation to map out their next steps, Biden said. Still, the president emphasized U.S. forces “are not going to Europe to fight in Ukraine,” but to defend and reassure NATO allies in the region.
Mr. Biden told reporters he has “no plans” to talk to Putin.
(Copyright 2022 The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.)
