White House announces new sanctions against Russian oligarchs and Putin’s ‘cronies’ – live | US News

The White House is about to impose new sanctions on Russian oligarchs and their families as Vladimir Putin has shown no signs of de-escalating Russia’s devastating military attacks on Ukraine.

Confirming the upcoming sanctions, White House press secretary Jen Psaki said the move was intended to put more pressure on Putin by targeting his inner circle of allies.

“We want him to feel the pressure. We want people around him to feel the pressure,” Psaki said. “I don’t think this will be the last group of oligarchs.”

Psaki didn’t give many details about the sanctions, although she did hint that they would include a US travel ban on the oligarchs. Joe Biden He is expected to announce further details of the sanctions at his cabinet meeting on Thursday afternoon.

The announcement marks an escalation by the Biden administration, which had already imposed sanctions on Putin, his foreign minister and some of the top executives of Russia’s largest companies after invading Ukraine. Biden hinted in Tuesday’s State of the Union address that his administration would crack down on oligarchs’ fortunes as part of Western efforts to further isolate Putin.

“I say to the Russian oligarchs and the corrupt leaders who have extorted billions of dollars from this violent regime: no more,” Biden said Tuesday. “We join the European allies in finding and seizing their yachts, their luxury apartments and their private jets. We come for your ill-gotten gains.”

The new sanctions came as the White House asked Congress for an additional $10 billion in aid to Ukraine. Shalanda Young, Acting Director of the Office of Management and Budget, called The money would be used to provide Ukraine with more defense equipment and emergency food aid, as well as strengthen enforcement of sanctions against Russia.

“Given the rapidly evolving situation in Ukraine, additional needs may arise over time,” Young said.

House Speaker Nancy Pelosi said Thursday that she supports the inclusion of funding for Ukraine in the omnibus spending package currently being discussed in Congress. Pelosi also reiterated calls to ban US imports of Russian oil, telling reporters, “I’m for it. Forbid it. Ban the oil from Russia.”

However, the White House has expressed a more skeptical view of sanctions against Russian oil companies amid fears that Ukraine’s crisis could push up gas prices. “We have no strategic interest in reducing the global energy supply,” Psaki said. “That would raise prices at the pump for the American people.”

Any sanctions from the White House could come too late for millions of Ukrainians. More than 1 million people have already fled the country because of the Russian invasion, and Ukraine’s President Volodymyr Zelenskyy has asked for more support from Western allies to end Putin’s airstrikes.

“If you don’t have the power to close the skies, then give me planes!” he said Thursday. “If we are no more, then, God forbid, Latvia, Lithuania, Estonia will be next.”

Expectations for the second round of peace talks between Ukrainian and Russian officials in Belarus are low. A Call There were no major breakthroughs between Putin and French President Emmanuel Macron on Thursday, and concerns over one are mounting massive Russian convoy of tanks and artillery in front of the Ukrainian capital Kyiv.

France’s Élysée Palace said after the call: “We expect the worst is yet to come.”

White House announces new sanctions against Russian oligarchs and Putin’s ‘cronies’ – live | US News

Source link White House announces new sanctions against Russian oligarchs and Putin’s ‘cronies’ – live | US News

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