2022-02-24 22:55:49
Biden on new sanctions on Russia over its military operation in Ukraine:
Sanctions will limit Russia’s ability to do business in dollars, euros and yen
"degrade" its aerospace industry, reduce its ability to build ships and compete economically
“stop” the ability to finance and grow the Russian military
maximize long-term impact on Russia while minimizing the effect on America and its allies
target four more major Russian banks, including second-largest bank VTB
SWIFT cutoff is “always an option,” but right now is not the position that Europe wishes to take
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