Washington: After the attack of Russia on Ukraine, there is a stir in the whole world. The US has not yet announced any military action. But US President Joe Biden announced new economic sanctions against Russia late last night. Responding to an attack by Russian President Vladimir Putin, Biden has targeted Moscow’s banking, technology and aerospace sectors. Under this, Russia will no longer be able to trade dollars, pounds, and euros.
The sanctions are intended to limit Russia’s ability to trade in dollars, euros, pounds, and yen. Along with this, America has also targeted five major Russian banks. This also includes state-run banks Sberbank and VTB. Russia’s largest lender Sberbank will no longer be able to transfer money with the help of American banks.
On Thursday, Ukrainian President Volodymyr Zelensky tweeted demanding Russia’s separation from SWIFT. But America has not yet imposed any sanctions on Russia regarding this. Explain that money is sent or called from abroad only through SWIFT code. This is the largest medium of global banking. In the current era, it is called the backbone of the economic sector. It has long been seen as the financial equivalent of a nuclear weapon.
The White House also announced export sanctions aimed at restricting Russia’s access to everything from commercial electronics and computers to semiconductors and aircraft parts. Biden announced tough economic sanctions against Russia but flatly refused to send US forces to Ukraine to wage war against Russian forces. He said that the world is united against Russia. Biden said that if Russia attacks America, America is ready to respond. He also announced the sending of more forces to assist NATO forces.
