Russia has become a global economic and financial pariah, a senior US administration official said after President Joe Biden announced sanctions on imports of Russian oil, natural gas and coal into the US.
A senior US administration official said the US is united in its resolve to stand with Russian President Vladimir Putin, “through curbing energy exports to undermine Putin’s economy and war machine power across the country.” has broad support”.
The official said the sanctions would deprive Putin of economic resources for his “unnecessary war of choice”.
US President Biden termed the package of economic sanctions against Russia as “the most significant in history” and claimed it had resulted in damage to the Russian economy.
“It has crippled the Russian economy,” he told reporters at the White House after announcing an immediate ban on Russian oil imports. The ruble is now down 50 percent since Putin’s declaration of war and is worth less than a US penny. ” gas.
“We have cut off Russia’s biggest banks from the international financial system and it has crippled their ability to do business with the rest of the world,” Biden said.
President Joe Biden on Tuesday announced a ban on Russian oil and gas imports “targeting the main artery of Russia’s economy” in response to the invasion of Ukraine.
“More than 30 counties, representing more than half of the world’s economy, have announced sanctions that impose immediate and debilitating economic costs on Russia, cutting off its access to high technology, its growth potential.” and weaken its army for years to come.”
By isolating Russia’s central bank from the global financial system, the US has disarmed Putin’s war chest of foreign reserves and can do little to slow the release of its currency, the official claimed. claimed.
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