President Joe Biden on Thursday announced a new round of sanctions targeting Russia after its invasion of Ukraine, charging that Russian leader Vladimir Putin “chose this war" and that his country will bear the consequences of his action.
The sanctions target Russian banks, oligarchs, and high-tech sectors, Biden said. The United States and its allies will block assets of four large Russian banks, impose export controls and sanction oligarchs.
Shortly after Russian President Vladimir Putin announced a military operation in Ukraine, Biden said in a statement late Wednesday night he will announce additional sanctions to Russia on Thursday. Biden pledged the "world will hold Russia accountable."
In announcing the military operation, Putin said it was necessary to protect civilians in eastern Ukraine. He said Russia would move to "demilitarize" rather than occupy the country, which he claimed was a puppet of the West. Ukrainian President Volodymyr Zelenskyy said in a video rejecting Russia's claims that the Kremlin didn't respond to his request late Wednesday night to speak with Putin.
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