War in Ukraine: Joe Biden to call for end to normal trade relations with Russia

The president of USA, Joe Bidenwill call on Congress today to approve the termination of normal trade relations with Russia and to pave the way for the imposition of additional, punitive tariffs on Russian imports in retaliation for the war in Ukrainesaid a source informed about it to the Reuters news agency.

Earlier, the International Monetary Fund did not rule out the possibility of Russia going bankrupt as economic sanctions imposed by the United States, the European Union, the United Kingdom, Canada, Japan and Australia have hit the Russian economy.

White House spokeswoman Jen Psaki made further threats of “financial pain.” “We have seen reports that Russia may be considering seizing the assets of US and multinational companies that have announced plans to close or postpone their trade in the Russian market.

Any illegal decision to seize assets from these companies will lead to more financial pain for Russia. “It will send a clear message to the global business community that Russia is not a safe place to invest and do business,” he said in a series of Twitter posts.

US Congress approves nearly $ 14 billion in aid to Ukraine

The US Senate has approved a bill that would provide $ 13.6 billion in aid to Ukraine.

The text also provides for 1.5 trillion public expenditures. guarantees US federal funding by September 30th.

The amount of aid has an economic and humanitarian aspect, while approving the supply of weapons and ammunition to the Ukrainian army.

It only remains for US President Joe Biden to sign it so that this text becomes state law.


Source: News Beast

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