The White House also announced it will restrict exports to the country and raise tariffs on Russian products.
The announcement marks the one-year anniversary of Russia’s large-scale and unprovoked invasion of Ukraine, which has since led to hundreds of thousands of deaths between both sides. It also comes just after President Joe Biden finished his trip to Poland to mark the anniversary, making a surprise trip to Kyiv on Monday to visit with Ukrainian President Volodymyr Zelenskyy.
“They’re running budget deficits and running down their buffers of assets that they saved for a rainy day, they’re using up those assets,” Yellen said on MSNBC’s “Morning Joe.”
Sanctions have had no effect. China aligning with Russia is very bad. Oil is giving Putin the funding. Rampant up production here, to drop the price of oil worldwide and Putin loses his funding.
The War started by tyranny of Putin & naïveté of Zelenskyy & support of West for their agendas…Zelenskyy needs strongly to work towards ending it politically …end the so called bravery slogans …‼️
Couldn’t we just throw all the sanctions on Russia at once? Incremental increase in sanctions makes it easier for Russia to bypass. Throw everything at once and the hit will be tremendous.
Now do Apartheid Israel.
Brilliant... Way to go USA !
Sanctions are not working, China is helping Putin. We’re $150 billion into the hole sending $ to Ukraine (could’ve been used to shore up SS for example) with no end in sight. Stop this nonsense and have them sit down and negotiate. Ukraine will not have to give up much.
Hurry up and whip the nazis, Russia
Sanctions are acts of war. Democrats are the party of censorship and war
Why didn’t we do this a year ago?
Give ‘em all you got! Sanction sanction sanction!
Oooooh Putin really gives 2 shits.
Ukraine is a European country. US supports Ukraine with 80% of money and weapons in the war efforts while Europe supports Russian economy with 80% of gas and oil purchase; and only 20% of military aid to Ukraine. American economy is been screw with 32T debt and counting.
The sanctions will: 👉 Target actors tied to Russia’s defense, technology, energy, metals and mining industries 👉 Restrict exports to the country 👉 Raise tariffs on Russian products