The White House announced Monday that the U.S. would sanction Russia for recognizing two breakaway territories in eastern Ukraine as independent.
White House press secretary Jen Psaki said the U.S. has been prepared for this move and is ready to respond “immediately.” President Joe Biden will sign an executive order to “prohibit new investment, trade, and financing by U.S. persons to, from, or in the so-called DNR and LNR regions of Ukraine” as well as “provide authority to impose sanctions on any person determined to operate in those areas of Ukraine,” Psaki said in a statement.
DNR and LNR refer to the so-called Donetsk People’s Republic and Luhansk People’s Republic, both of which are controlled by Russia-backed forces. Russian President Vladimir Putin on Monday declared these eastern Ukrainian territories as independent.
“To be clear: these measures are separate from and would be in addition to the swift and severe economic measures we have been preparing in coordination with Allies and partners should Russia further invade Ukraine,” the White House said. “We are continuing to closely consult with Allies and partners, including Ukraine, on next steps and on Russia’s ongoing escalation along the border with Ukraine.”
The Departments of State and Treasury will be releasing more details on the measure “shortly,” the White House said.
Go to Source: Politico