(DCWatchdog.com) – HAPPENING NOW: Just moments ago, President Joe Biden, along with governments around the world, struck Russia with the most severe economic sanctions ever leveled at a country in history to severely cripple Russia and the Russian people following the single-largest military invasion on the European continent since Adolf Hitler sparked the Second World War.
As recounted by CNBC:
“The president said that the totality of the penalties will target $1.4 trillion in assets and include specific measures against Russian banks including state-owned VTB Bank. The White House has also authorized additional troops to be stationed in Germany as NATO allies look to bolster defenses in Europe, Biden said.
“Prior to Biden remarks, leaders of the Group of Seven nations said they “are appalled by and condemn” Russia’s military aggression in Ukraine and promised to impose “severe and coordinated economic and financial sanctions” against the Kremlin.”
- The U.S. introduced a new wave of sanctions against Russia in a broad effort to isolate Moscow from the global economy.
- The totality of the penalties will target $1.4 trillion in assets and include specific measures against Russian banks, including state-owned VTB Bank.
- Biden has authorized additional troops to be stationed in Germany as NATO allies look to bolster defenses in Europe.
Time will tell if the sanctions will persuade Russian President Vladimir Putin to cease his aggression in Ukraine. The majority of foreign affairs analysts do not believe the sanctions will work.
This is a breaking news report.