Politics
Economy
Government
International Relations
Economics
Economic Sanctions
Russian Relations
Sanctions
Today, I am authorizing additional strong sanctions and new limitations on what can be exported to Russia. This will impose severe costs on the Russian economy — both immediately and over time.
With today’s actions, we have now sanctioned Russian banks that hold around $1 trillion in assets.
We cut off Russia’s largest bank — and we are also fully blocking four more major banks.
That means every asset they have in America will be frozen.
We cut off Russia’s largest bank — and we are also fully blocking four more major banks.
That means every asset they have in America will be frozen.
As promised, we’re also adding names to the list of Russian elites and their family members that we are sanctioning.
These are people who personally gain from the Kremlin’s policies — and they should share in the pain.
These are people who personally gain from the Kremlin’s policies — and they should share in the pain.
On Tuesday, we stopped the Russian government from raising money from U.S. or European investors.
Now, we will apply the same restriction to Russia's largest state-owned enterprises — companies with estimated assets of $1.4 trillion.
Now, we will apply the same restriction to Russia's largest state-owned enterprises — companies with estimated assets of $1.4 trillion.
Some of the most powerful impacts of our actions will come over time as we squeeze Russia’s access to finance and technology for strategic sectors of its economy.
Along with our Allies and partners, we estimate we will cut off more than half of Russia’s high-tech imports.
Along with our Allies and partners, we estimate we will cut off more than half of Russia’s high-tech imports.
It will strike a blow to their ability to continue to modernize their military.
It will degrade their aerospace industry.
It will hurt their ability to build ships.
It will be a major hit to Putin’s long-term strategic ambitions.
And we are prepared to do more.
It will degrade their aerospace industry.
It will hurt their ability to build ships.
It will be a major hit to Putin’s long-term strategic ambitions.
And we are prepared to do more.
Loading suggestions...