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Biden Puts Tough Restrictions on Russia’s Military Business with New Sanctions

Biden signs executive order targeting Russia defense industry. (PHOTO: JURIST News)

Biden takes strong action and boosts sanctions on banks that assist Russia’s military in the Ukraine conflict.

Biden signs an executive order targeting the Russian defense industry. (PHOTO: JURIST News)

READ ALSO: Biden Signs Order Aimed at Financial Facilitators of Russian Military

According to a VOA News report, President Biden made the rules tougher for banks that help Russia’s military in Ukraine. Now, these rules also apply to banks in other countries, like China and Turkey. The goal is to make sure no banks anywhere are accidentally helping Russia’s military. This happened after the European Union put more restrictions on Russia. Russia warned that these new rules from the U.S. might hurt their diplomatic relationship. While this is going on, the Netherlands plans to give 18 fighter jets to Ukraine, and other countries like Denmark and Norway are also helping with jets. Some Western politicians are talking about giving Ukraine about $300 billion in frozen Russian money to help them recover from the war. Ukraine and Poland are trying to solve problems in their relationship, especially after a truckers’ blockade at their border. However, during their talks, there was a drone attack in Kyiv, showing that challenges continue. The conflict between Russia and Ukraine is still happening, and both sides are facing difficulties.

READ ALSO: Migration to Europe Increases as Syrians, Afghans Top Asylum-Seekers

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