Biden freezes all assets of 5 big Russian banks
Following Russia’s attack on Ukraine, countries all over the world have reacted strongly. More sanctions against Russia have been announced by US President Joe Biden and British Prime Minister Boris Johnson. Joe Biden has threatened Russia, saying that if it attacks Ukraine, it will pay a high price. At the same time, while speaking to Parliament, British Prime Minister David Cameron said that Putin has stained his hands with the blood of innocent Ukrainians, and that these stains will never be removed.
Direct Action in the United States of America…
The G-7 will respond to Russia as a group.
In a White House address, US President Joe Biden stated that he has no intention of speaking with Russian President Vladimir Putin. Russia’s president chose war, and now he must bear the consequences. We, the G-7, will respond to Russia as a group. Four more Russian banks, including VTB, will face sanctions. All of these banks’ assets have been frozen. More than half of Russia’s high-tech imports will be prohibited as a result of this.
Joe Biden called Russia’s first strike a pre-planned attack and stated that “our support for all NATO countries will continue.” For all of us, this is a time of crisis. Putin wants to bring the Soviet Union back to life, but his ambitions are at odds with the current situation. Biden, on the other hand, has stated unequivocally that NATO forces will not be deployed in Ukraine.
Russia will be weak, while the rest of the world will be powerful.
Russia will be weak now, according to Biden, while the rest of the world will be strong. Russia’s financial system will no longer be able to trade in dollars, euros, pounds, or yen in the same way it did previously. His military system will be harmed as well. Russian banks’ assets are now valued at around $1 trillion. Biden also stated that the Ukraine crisis will be discussed with India.
Britain’s firm stance…
Putin smeared innocent blood on his hands.
Boris Johnson, the British Prime Minister, spoke to parliament late Thursday night about the Russian-Ukraine conflict. Johnson sneered at Putin, saying, “He’s started a war to cover up domestic failure.” Putin’s hands are stained with the blood of innocent Ukrainians, and these stains will never be removed. All Russian banks have been removed from our financial system. Russia will now be aware of the attack’s consequences.
Russian banks’ assets will be frozen by the British government.
Boris Johnson promised on Thursday that more sanctions would be imposed on Russian banks, companies, and elites, as well as tougher rules for importing British technology into Russia and sanctions on Russian airline Aeroflot. All major Russian banks’ assets will be frozen, and they will be barred from trading on London’s financial markets, according to the British government. In addition, the Russian bank VTB will be subjected to immediate action.
Kirill Shamalov, Putin’s ex-son-in-law, has been expelled from the United Kingdom.
The new restrictions, according to Johnson, will apply to 100 companies, entities, and elite classes. President Putin’s former son-in-law Kirill Shamalov, as well as PAB Bank President and Chief Executive Officer Petr Fradkov and VTB Bank Vice President Denis Bortnikov, will have their assets confiscated and deported.
We now live on a continent where an expansionist force is attempting to redraw the map of Europe, according to Johnson. Putin’s efforts must fail for the sake of every country’s security. Along with Russia, the British government would impose sanctions on Belarus. The United Kingdom will lobby for Russia’s exclusion from the SWIFT payment system, which connects banks all over the world.