US imposes new restrictions on Russia | MENAFN.COM

Thursday, 08 December 2022 01:56 GMT

US imposes new restrictions on Russia


(MENAFN) The US stated on Friday full new penalties against Russia when Leader Vladimir Putin moved to formally annex additional Ukrainian territories in an action the Biden administration stated was a "fraudulent" land grab.

In defiance of Putin's declaration, Leader Joe Biden stated the US "will always honor Ukraine’s internationally recognized borders," and will carry on aiding Kyiv "regain control of its territory by strengthening its hand militarily and diplomatically."

Biden continued the new tranche of penalties on Russia, taken in coordination with US partners, "will impose costs on individuals and entities -- inside and outside of Russia -- that provide political or economic support to illegal attempts to change the status of Ukrainian territory."

"We will rally the international community to both denounce these moves and to hold Russia accountable," he added.

"We will continue to provide Ukraine with the equipment it needs to defend itself, undeterred by Russia’s brazen effort to redraw the borders of its neighbor. And I look forward to signing legislation from Congress that will provide an additional USD12 billion to support Ukraine," he as well declared.

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