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Biden to prohibit trade, investment with Ukraine breakaway regions -White House By Reuters

by wdctvnews staff
February 21, 2022
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Biden to prohibit trade, investment with Ukraine breakaway regions -White House By Reuters
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© Reuters. U.S. President Joe Biden waves as he departs the Hamilton restaurant the place he had lunch along with his granddaughters Finnegan Biden, Naomi Biden, and Peter Neal in Washington, U.S., February 19, 2022. REUTERS/Joshua Roberts

By Jeff Mason

WASHINGTON (Reuters) -President Joe Biden will difficulty an govt order quickly that can prohibit financial exercise between U.S. people and the 2 breakaway areas of jap Ukraine that Russian President Vladimir Putin acknowledged as impartial entities on Monday, the White Home stated.

Putin’s recognition of the rebel-held areas might pave the way in which for Moscow to ship navy forces into the 2 areas – Donetsk and Luhansk – and argue that it’s intervening as an ally to guard them towards Ukraine.

“We’ve anticipated a transfer like this from Russia and are prepared to reply instantly,” White Home spokesperson Jen Psaki stated in an announcement. “President Biden will quickly difficulty an Govt Order that can prohibit new funding, commerce, and financing by U.S. individuals to, from, or within the so-called DNR and LNR areas of Ukraine.”

The order will “additionally present authority to impose sanctions on any individual decided to function in these areas of Ukraine,” Psaki stated.

Psaki stated extra measures had been forthcoming and stated these had been separate from sanctions that america and its allies have been getting ready if Russia invades Ukraine.

“To be clear: these measures are separate from and can be along with the swift and extreme financial measures we’ve got been getting ready in coordination with Allies and companions ought to Russia additional invade Ukraine,” she stated.

Biden, who convened a gathering along with his nationwide safety group on the White Home earlier within the day, held a 35-minute name with Ukrainian President Volodymyr Zelenskiy and had a name with French President Emmanuel Macron and German Chancellor Olaf Scholz.

“We’re persevering with to carefully seek the advice of with Allies and companions, together with Ukraine, on subsequent steps and on Russia’s ongoing escalation alongside the border with Ukraine,” Psaki stated.

Disclaimer: Fusion Media want to remind you that the information contained on this web site will not be essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs aren’t supplied by exchanges however moderately by market makers, and so costs will not be correct and should differ from the precise market value, which means costs are indicative and never acceptable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any duty for any buying and selling losses you may incur on account of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media won’t settle for any legal responsibility for loss or injury on account of reliance on the data together with knowledge, quotes, charts and purchase/promote alerts contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is likely one of the riskiest funding varieties potential.



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