President Biden said he has “no plans to talk” with Russian President Vladimir Putin after he announced a military strike on Ukraine.
Earlier in his address, Biden said, “Putin’s aggression against Ukraine will end up costing Russia dearly economically and strategically.”
“Putin will be a pariah on the international stage,” he added. “Putin’s choice to make a totally unjustifiable war on Ukraine will have left Russia weaker and the rest of the world stronger.”2 min ago
Biden pledges to limit US spike in gas prices in response to Russian aggression
President Biden said as the US responds to Russian attack on Ukraine, he will try “to limit the pain the American people are feeling at the gas pump” as well.
“As we respond, my administration is using … every tool at [our] disposal to protect American families and businesses from rising prices at the gas pump. We’re taking active steps to bring down the cost, and American oil and gas companies should not — should not — exploit this moment to hike their respect prices to raise profits,” he said.
Biden said officials are monitoring energy supplies for disruptions.
“We’ve been coordinating with major oil-producing and consuming countries toward our common interest to secure global energy supplies. We are actively working with countries around the world to elevate collective release from the strategic petroleum reserves for major energy-consuming countries,” he said. “And the United States will release additional barrels of oil as conditions warrant.”
Biden said he knows that gas prices have already been rising in the US.
“I know this is hard and that Americans are already hurting. I will do everything in my power to limit the pain the American people are feeling at the gas pump. This is critical to me. But this aggression cannot go unanswered. If it did, the consequences for America would be much worse. America stands up to bullies. We stand up for freedom. This is who we are,” he said.14 min ago
Biden announces sanctions as Russia invades Ukraine
US President Joe Biden gave an address on the situation in Ukraine, condemned Russia for launching the military strike on Thursday, and announced new strong sanctions and limitations on what can be exported to Russia.
“This is going to impose severe cost on the Russian economy, both immediately and over time. We have purposefully designed these sanctions to maximize a long-term impact on Russia and to minimize the impact on the United States and our allies,” he said.
The United States is not doing this alone, he said, adding that the 27 EU members and G7 members will participate in these sanctions.
Here are the sanctions he announced:
- Limit Russia’s ability to do business in dollars, euros, pounds and yen to be part of the global economy.
- Stop the ability to finance and grow the Russian military.
- Impair their ability to compete in high-tech 21st century economy.
- US sanctioned Russian banks that together hold around $1 trillion in assets.
He added, “we’re also blocking four more major banks. That means every asset they have in America will be frozen.”8 min ago
“Putin chose this war,” Biden says about Ukraine attack
US President Biden said Russian President Vladimir Putin bears full responsibility for attacking Ukraine and said Russia will face the consequences because of it.
“Putin is the aggressor. Putin chose this war. And now he and his country will bear the consequences,” Biden said in remarks at the White House.
Biden is now announcing additional sanctions on Russia.
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