February 25, 2022
2 mins read

China cannot cover for impact of sanctions on Russia: White House

When asked whether the US was prepared to accept refugees from Ukraine, Psaki said, “We are, but we certainly expect that most, if not the majority, will want to go to Europe in neighbouring countries.”…reports Asian Lite News

China cannot cover Russia for the impact caused by the US and European sanctions, said White House spokesperson Jen Psaki on Thursday.

“[China] they cannot cover what the impact of the sanctions that have been announced in coordination with Europe would, how they would impact Russia,” Psaki said during a press briefing.

This comes at a time when Russian President Vladimir Putin recognized the independence of Ukraine breakaway regions following which Biden has imposed “severe” sanctions on Russia.

When asked whether the US was prepared to accept refugees from Ukraine, Psaki said, “We are, but we certainly expect that most, if not the majority, will want to go to Europe in neighbouring countries.”

Furthermore, she said, “We are in conversations with Congress, and I mentioned the President spoke with leaders just earlier this afternoon. I don’t have an exact number, but those are ongoing conversations about what needs the Ukrainians have on the ground in a variety of categories: security, humanitarian, other economic assistance.”

Speaking on any nuclear threats from Russia, Psaky said, “[W]e don’t see any increased threat in that regard at this point in time.”

Biden on Thursday said that the US will introduce a new wave of sanctions against Russia in a broad effort to isolate Moscow from the global economy.

The new package of sanctions aims to cut Russia off from the US financial markets and includes freezing the assets of four major Russian banks, including VTB Bank, the nation’s second-biggest bank, Biden said Thursday.

“Today, I’m authorizing additional strong sanctions and new limitations on what can be exported to Russia,” Biden said. “This is going to impose a severe cost on the Russian economy both immediately and over time.”

“I just spoke with the G-7 leaders this morning,” Biden said Thursday afternoon. “And we’re in full and total agreement: We will limit Russia’s ability to do business in dollars, euros, pounds, and yen to be part of the global economy. We’ll limit their ability to do that.” (ANI)

ALSO READ: Pakistan and China move to takeover Gilgit-Baltistan

Previous Story

Russia-NATO differences can be resolved through dialogue, Modi to Putin

Next Story

Biden announces sanctions against Russia

Latest from -Top News

US condemns Jaffar Express attack, vows support

Lt Gen Sharif Chaudhry, Pakistan’s military spokesperson, confirmed the completion of the operation, stating that all 33 militants involved had been killed The United States has strongly condemned the terrorist attack on

US shutdown looms as Democrats weigh funding fight

The proposed package would keep the government running through September, but Democratic lawmakers are under intense pressure from their party’s grassroots to reject the bill, which includes deep spending cuts that many

Putin sets out conditions for peace

One of the areas of contention is Russia’s Kursk region, Putin said, where Ukraine launched a military incursion last year and captured some territory. He claimed Russia was fully back in control

Karachi Grapples with Crime Surge

2025 is turning out to be no different than 2024 for residents of Karachi in terms of rampant street crime incidents…reports Asian Lite News Pakistan’s financial capital Karachi continues to witness a

China’s Defence Budget Soars Again 

This marks the third consecutive year that China has maintained the same rate of growth in military expenditure.  China has unveiled its defence budget for 2025, confirming a 7.2% year-on-year increase as
Go toTop

Don't Miss

Texas Republicans reject results of 2020 US prez election

“We believe that substantial election fraud in key metropolitan areas

Arun Subramanian becomes first South Asian judge at New York court

Subramanian’s name for the top appointment was championed by Senator