| Translate This News In |
|---|
The White House warned Tuesday that it is becoming increasingly difficult for Russian President Vladimir Putin to pay his conflict in Ukraine, and that tougher sanctions will be unveiled on Wednesday.
“What we’re doing and what we’re seeing now is that Russia’s financial system is on the verge of imploding.” They forecast 15% inflation and a 15% economic catastrophe. The country’s private-sector businesses are departing. President Putin’s ability to fund this war is becoming increasingly challenging. “That has an impact,” stated White House Press Secretary Jen Psaki during her regular news briefing.
“But we’re also providing an unprecedented amount of military and security assistance, which they’ve been effectively deploying over the last two weeks to fight this war and push back the Russians,” she said.
At the same time, Psaki stressed that the US is not advocating for regime change.
“That has never been and will never be our policy.” But, once again, in our opinion, he is a war criminal who should be investigated by the international system that assesses war crimes,” she said.
The White House is considering further penalties against Russia. This is anticipated to be announced on Wednesday.
“In conjunction with the G-7 and the EU, an extra sweeping package of sanction measures that will inflict costs on Russia, sending it farther down the road of economic, financial, and technological isolation,” she added.
This will include a ban on all new investment in Russia, as well as enhanced penalties on Russian financial institutions and state-owned firms, as well as sanctions on Russian government officials and their families. These actions will undermine major instruments of Russian state power, cause severe and immediate economic hardship to Russia, and hold accountable the Russian kleptocracy that funds and supports Putin’s war, she said.
The US is working to unite the world and is taking actions to hold Russia accountable.
“This does not indicate that they are identical.” It doesn’t imply they’ll all happen at the same moment. “But that’s what we’re going to keep working on from here,” she continued.
In response to a query, Psaki stated that the US is collaborating with the G-7 and the EU, which account for almost half of the world economy and are still a significant cohesive entity in keeping Russia accountable.
“Obviously, in our meetings, we had our Deputy National Security Advisor fly to India recently to convey the application of our own sanctions,” she added when informed that large countries like as China, India, and Brazil are not participating in the penalties.
“Our goal is that other nations will not only follow the rules, but will also play a constructive role in holding Russia accountable,” she said.
Psaki added that Putin has become a “pariah” as a result of a coordinated global campaign to inflict economic and financial consequences that are having a significant impact.
“In addition, we have made it much more difficult due to export limits and other restrictions on the types of materials that President Putin and the Russians can purchase to construct technological systems and capacities to fight wars in addition to funding wars.” “Those are all components that have resulted from previous initiatives,” she explained. RAX RAX PTI LKJ RAX
