All Russian Assets in America to be Frozen, Says Biden; Vows to Defend ‘Every Inch’ of NATO Territory

US President Joe Biden got here down closely on Russia for launching a navy offensive on its southern neighbour, Ukraine, calling it a “premeditated attack”, which President Vladimir Putin had been planning for months. Biden additionally imposed contemporary sanctions on Russia to “maximize the long-term impact” on the nation.

“Today I’m authorising additional strong sanctions and new limitations on what can be exported to Russia,” mentioned Biden in an announcement on the White House, including that “every asset they have in America will be frozen,”, noting they are going to add names of elite figures in Russia to the sanctions checklist as properly.

The US President additional mentioned that America will restrict Russia’s capability to do enterprise in {dollars}, euros, kilos and yen to be a part of the worldwide financial system. “We’re going to stop the ability to finance and grow the Russian military. We’re going to impair their ability to compete in a high-tech 21st-century economy,” he added.

Further, he mentioned that the US can also be blocking 4 extra main banks. “That means every asset they have in America will be frozen. This includes VTB, the second largest bank in Russia, which has $250 billion in assets,” Biden said.

He also said that today he is “authorising additional US Force capabilities to deploy to Germany as part of NATO’s response, including some of the US-based forces that the Department of Defense placed on standby weeks ago”.

Biden also added: “I have no plans to talk with President Putin.”

He also vowed to defend “every inch” of NATO territory however reaffirmed that no American troops can be deployed to Washington’s ally.

“As I made crystal clear, the United States will defend every inch of NATO territory with a full force of American power,” he said. The president added, however, “Our forces will not be engaged in a conflict with Russia in Ukraine. “

(With company inputs)

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