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

Previous Story

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

Next Story

Biden announces sanctions against Russia

Latest from -Top News

The Man In The Middle Of A World At War

From a young volunteer in Lisbon to the UN’s top diplomat, António Guterres’ journey has been shaped by politics, refugees, war and a belief in human solidarity….reports Asian Lite News Desk António

G20 Agrees to Condemn Food Weaponisation: Greer

G20 members have agreed to condemn the use of food and agricultural trade as a tool for economic or political coercion…reports Asian Lite News Desk G20 countries have reached consensus on condemning

Putin Hails Modi’s ‘Very Good’ Peace Ideas

Russian President Vladimir Putin has praised Prime Minister Narendra Modi’s efforts to promote peace in Ukraine, citing his ideas for a mutually acceptable solution…reports Asian Lite News Desk Russian President Vladimir Putin
Go toTop

Don't Miss

India Ties Evolve Differently Under Trump, Harris

Regardless of who takes the White House, relations between the

US to enforce IPEF Supply Chain Agreement on Feb 24

The IPEF agreement, relating to supply chain resilience is also