Cuts Russian banks off from Western financing at beginning of invasion.
President Biden announced on Tuesday that the White House has imposed sanctions against the Russian bank VEB and Russia’s sovereign debt, effectively cutting off the country from Western financing. The president reaffirmed that the U.S. military will not be directly involved in any fight against Russia, but clearly communicated that more and worse sanctions will be on the way if Russia continues its invasion into Ukraine.
“We still believe that Russia is poised to go much further and launch a massive military attack against Ukraine,” President Biden said. “As Russia contemplates this next move, we have our next move prepared as well. Russia will pay an even steeper price if it continues its aggression, including additional sanctions.”
As the Lord Leads, Pray with Us…
- For the president and foreign policy advisors as measures are taken to dissuade Russian aggression.
- For wisdom for the president and secretary of state as they seek to deescalate hostilities in Eastern Europe.
- For discernment for Secretary Blinken as diplomatic meetings regarding Ukraine continue.
Sources: AP, MSN
