United States President Joe Biden announced a ban on the supply of oil liquefied natural gas and coal from Russia and supported Ukraine.
"Apostrophe” highlights the key points of the statement of the head of the White House.
Economic and energy restrictions
Official Washington introduced the most significant package of economic sanctions in history, and it has caused the Russian economy to, quite frankly, crater. The Russian ruble is now down to 50 percent — by 50 percent since Putin announced his war. One ruble is now worth less than one American penny.
And preventing Russia’s Central Bank from propping up the ruble and keeping its value up. They’re not going to be able to do that now.
Biden has also mentioned that the price of the gas at the pump in America went up 75 cents, and he is going to do everything he can to minimize Putin’s price hike “here at home”.
Restrictions in the field of high technologies
The American president announced the imposition of an embargo on Russians' access to high technologies.
“In addition, we’re choking off Russia’s access to technology, like semiconductors that are — and sap its economic strength and weaken its military for years to come,” Biden said.
Financial assistance to Ukraine
The U.S. leader also said that Washington will allocate a $12 billion Ukraine assistance package, and called on Congress to approve it.
“The Ukrainian people are demonstrating by their physical courage that they are not about to just let Putin take what he wants. That’s clear. They’ll defend their freedom, their democracy, their lives. And we’re going to keep providing security assistance, economic assistance, and humanitarian assistance. We’re going to support them against tyranny, oppression, violent acts of subjugation,” Biden stated.