US President Joe Biden has launched sanctions against Russia, including measures to deprive the country of financing.
According to Al Jazeera, Joe Biden said that we are imposing sanctions on Russia's debt. The Russian government is now cut off from Western financing. These measures will also target financial institutions and the Russian "elite".
However, he acknowledged that their numbers were not enough to defeat Russia's opposition. We want to send an unwavering message that the United States, together with its allies, will defend every inch of NATO territory and live up to the promises we have made to NATO.
Read more: Ukraine's Defense Minister orders army to be ready for war against Russia
Earlier, the United States said Russia's deployment of troops in two Moscow-backed states in eastern Ukraine was tantamount to launching an offensive.
It is believed that the recent US move comes after the UK imposed sanctions on Russian banks and high-profile individuals.
On the other hand, Russia has called the retaliatory measures by the West ineffective and said that Russia has been accustomed to sanctions before.
