Biden imposes 'profound sanctions', moves troops and vows to cut off Moscow from the global economy

Russia-Ukraine War Latest News: US President Joe Biden imposed stiff sanctions on Russia over its invasion of Ukraine as reported indicated that Moscow's attack was continuing. Even as the US President continued to reiterate to sceptics that the extreme sanctions were enough to isolate Moscow from the global economy. Here are the steps taken-:

The Sanctions

• US imposed strong sanctions on Russia, along with European allies

• Joe Biden: Sanctions will limit Russia's ability to do business in dollars, pound, euro and Yen

• Will limit Russia's ability raise funds overseas

• Top Russian banks sanctioned, $1 trillion worth of assets cut off

• VTB with $250 billion has been sanctioned, all assets in US will be frozen

• Joe Biden: Sanctions will strike a blow to their ability to modernise their military

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Troops Deployed by US, Biden moves to defend NATO

• Joe Biden: Our forces will not be engaged in Ukraine but will be mobilised to defend allies

• We will defend all NATO regions

On Rising Gas, Oil Prices

To cushion the impact of the conflict and fresh sanctions on Americans, Biden said the U.S. will release additional barrels of oil from the U.S. Strategic Petroleum Reserve as conditions warrant.

The Economic War on Russia

“As a result of Putin’s war of choice, Russia will face immediate and intense pressure on its economy, and massive costs from its isolation from the global financial system, global trade, and cutting-edge technology,” the White House said in a statement after the president’s speech.

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