• iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • Say Maaate to a Mate
    • Daily Ladness
    • Lad Files
    • UOKM8?
    • FreeToBe
    • Extinct
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
Joe Biden Announces Tough New Sanctions On Russia As Putin Orders Troops Into Ukraine

Home> News

Updated 20:01 22 Feb 2022 GMTPublished 19:40 22 Feb 2022 GMT

Joe Biden Announces Tough New Sanctions On Russia As Putin Orders Troops Into Ukraine

He's warned of further measures

Claire Reid

Claire Reid

President Joe Biden says the US is sanctioning Russian oligarchs in retaliation for action against Ukraine, and warns of further measures.

In a statement from the White House, Biden said the measures were only the 'first tranche' and he would 'escalate sanctions if Russia escalates'.

He said: “We’re implementing full blocking sanctions on two large Russian financial institutions, VEB and their military bank.

“We’re implementing comprehensive sanctions on Russian sovereign debt. That means we’ve cut off Russia’s government from Western financing, it can no longer raise money from the West and cannot trade in its new debt on our markets or European markets either.”

Advert

Vladimir Putin.
Alamy

He said: “Starting tomorrow and continuing in the days ahead we will also impose sanctions on Russia’s elites and their family members. They share in the corrupt gains of the Kremlin policies and should share in the pain as well.”

Biden said the US had worked with Germany in the halting of Nordstream 2, and he added: “As Russia contemplates its next move, we have our next move prepared as well. Russia will pay an even steeper price if it continues its aggression, including additional sanctions.”

The US isn’t the only country that has announced sanctions against Russia. 

Twenty-seven European Union members nations have unanimously agreed on an initial set of sanctions targeting Russian officials over their actions in Ukraine, French Foreign Minister Jean-Yves Le Drianance said.

Advert

EU foreign affairs chief Josep Borrell said the package, approved on Tuesday, 'will hurt Russia, and it will hurt a lot'.

Borrell said the sanctions would affect members of Russia’s lower house of parliament and other individuals involved in approving the deployment of Russian troops to separatist-held regions of eastern Ukraine.

He says the package will also affect Russia’s financing of policies linked to Ukraine by limiting access to EU financial markets.

Meanwhile, Britain is also sanctioning three billionaire allies of Putin and five Russian banks.

Earlier today, Boris Johnson announced a 'first barrage' of punitive measures in response to the 'renewed invasion' of Ukraine.

Advert

Boris Johnson.
Alamy

The three oligarchs, who Johnson said are ‘very close to the Putin regime’, are Gennady Timchenko, Boris Rotenberg and his brother Igor Rotenberg.

Speaking about his decision, Johnson told UK Parliament: "Any assets they hold in the UK will be frozen, the individuals concerned will be banned from travelling here, and we will prohibit all UK individuals and entities from having any dealings with them."

He also sanctioned five banks: Rossiya, IS Bank, General Bank, Promsvyazbank and the Black Sea Bank.

Featured Image Credit: Alamy

Topics: US News

Claire Reid
Claire Reid

Claire is a journalist at LADbible who, after dossing around for a few years, went to Liverpool John Moores University. She graduated with a degree in Journalism and a whole load of debt. When not writing words in exchange for money she is usually at home watching serial killer documentaries surrounded by cats. You can contact Claire at [email protected]

Advert

Advert

Advert

Choose your content:

5 hours ago
  • 5 hours ago

    Man dies from brain-eating amoeba that enters the body through the nose

    More than 97 percent of people infected with it die

    News
  • 5 hours ago

    Family of US woman found living in Scottish forest with self-proclaimed leaders of lost ‘African’ tribe speak out

    Kaura Taylor fled home with her infant child earlier this year, worrying her family

    News
  • 5 hours ago

    Donald Trump's hands go viral as large blotches of 'foundation' appear leaving people concerned

    People have noticed it looks smeared in makeup

    News
  • 5 hours ago

    Doctor gives surprising answer at how much sex is 'normal' for a couple to have

    It's not so much about quantity as quality

    News
  • Trump reveals how Zelenskyy can end war with Russia ’almost immediately’ after Putin 'names his condition'
  • Major conspiracy theory sparked after Russia leaks unseen behind the scenes footage from Trump-Putin meet
  • Putin 'names his condition' to end Ukraine war following face-to-face meet with Trump
  • Joe Biden announces surprising presidential pardon for his son over federal charges