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Hot from oven:
After UK, US joins in the melee riaoz..:
https://www.channelnewsasia.com/wor...-elites-sanctions-over-ukraine-crisis-2512501
WASHINGTON: US President Joe Biden on Tuesday (Feb 22) revealed new sanctions on Russian elites and two banks as the West tries to stop an all-out invasion of Ukraine by punishing Moscow for ordering troops to two separatist regions it has recognised.
The European Union, Germany and Britain also announced ways they will hit Russia financially as they fear a further incursion is to come, a move Moscow has consistently denied for months.
One of the worst security crises in Europe in decades is unfolding as Russian President Vladimir Putin ordered Russian troops into eastern Ukraine to "keep the peace." Washington has dismissed as "nonsense" that justification to deploy troops to the regions of Donetsk and Luhansk after Moscow recognised them as independent.
Both adjoin Russia and have been controlled by Russian-backed fighters since 2014.
Weeks of intense diplomacy have so far failed as Moscow calls for security guarantees, including a promise that its neighbour Ukraine will never join NATO, while NATO members offer Putin confidence-building and arms control steps.
"To put it simply Russia just announced that it is carving out a big chunk of Ukraine," Biden said on Tuesday at the White House.
"He's setting up a rationale to take more territory by force," Biden said. "This is the beginning of a Russian invasion of Ukraine."
In response to Russia not withdrawing its forces from Belarus to the north of Ukraine, Biden said he had authorised additional movements of US forces and equipment already in Europe to strengthen Estonia, Latvia and Lithuania.
"Let me be clear, these are totally defensive moves on our part. We have no intention of fighting Russia," he said. "We want to send an unmistakable message though, that the United States, together with our allies, will defend every inch of NATO territory."
Tass news agency cited Promsvyazbank as saying the sanctions would not have a significant effect since it had taken precautionary measures ahead of time. It did not give details.
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After UK, US joins in the melee riaoz..:
https://www.channelnewsasia.com/wor...-elites-sanctions-over-ukraine-crisis-2512501
WASHINGTON: US President Joe Biden on Tuesday (Feb 22) revealed new sanctions on Russian elites and two banks as the West tries to stop an all-out invasion of Ukraine by punishing Moscow for ordering troops to two separatist regions it has recognised.
The European Union, Germany and Britain also announced ways they will hit Russia financially as they fear a further incursion is to come, a move Moscow has consistently denied for months.
One of the worst security crises in Europe in decades is unfolding as Russian President Vladimir Putin ordered Russian troops into eastern Ukraine to "keep the peace." Washington has dismissed as "nonsense" that justification to deploy troops to the regions of Donetsk and Luhansk after Moscow recognised them as independent.
Both adjoin Russia and have been controlled by Russian-backed fighters since 2014.
Weeks of intense diplomacy have so far failed as Moscow calls for security guarantees, including a promise that its neighbour Ukraine will never join NATO, while NATO members offer Putin confidence-building and arms control steps.
"To put it simply Russia just announced that it is carving out a big chunk of Ukraine," Biden said on Tuesday at the White House.
"He's setting up a rationale to take more territory by force," Biden said. "This is the beginning of a Russian invasion of Ukraine."
In response to Russia not withdrawing its forces from Belarus to the north of Ukraine, Biden said he had authorised additional movements of US forces and equipment already in Europe to strengthen Estonia, Latvia and Lithuania.
"Let me be clear, these are totally defensive moves on our part. We have no intention of fighting Russia," he said. "We want to send an unmistakable message though, that the United States, together with our allies, will defend every inch of NATO territory."
MILITARY BANK
Sanctions are being applied to VEB bank and Russia's military bank, Promsvyazbank, which does defence deals, Biden said. Starting on Wednesday US sanctions will begin against Russian elites and their family members.Tass news agency cited Promsvyazbank as saying the sanctions would not have a significant effect since it had taken precautionary measures ahead of time. It did not give details.
