September 25 2022 3:13 PM E-paper Subscribe Sign in My Account Sign out

Biden announces sanctions and export controls against Russia

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US President Joe Biden makes a statement from the East Room of the White House about Russia's invasion of Ukraine February 24, 2022, in Washington, DC. Biden announced "devastating" Western sanctions against Russia on Thursday. (Photo: AFP)
US President Joe Biden on Thursday announced severe new sanctions on Russia in response to the invasion of Ukraine, including freezing assets of major banks and cutting off high-tech exports to the country.اضافة اعلان

"This is going to impose severe cost on the Russian economy, both immediately and over time," Biden said.

He said the steps imposed in coordination with Europe will block top Russian banks from the US financial system and "cut off more than half of Russia's high-tech imports."

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