China cannot cover for the impact of US, European sanctions on Russia, Psaki says
China cannot cover for the impact of US, European sanctions on Russia, Psaki says

China cannot cover for the impact of US, European sanctions on Russia, Psaki says



ANI |
Up to date:
25 February 2022 05:57 IST

Washington [US]February 25 (ANI): China can not cover Russia for the impact caused by US and European sanctions, White House spokesman Jen Psaki said on Thursday.
“[China] “they can not cover what the impact of the sanctions that have been announced in coordination with Europe would be, how they would affect Russia,” Psaki said during a press briefing.
This comes at a time when Russian President Vladimir Putin has recognized the independence of Ukraine’s breakaway regions, after which Biden has imposed “severe” sanctions on Russia.
Asked whether the United States was ready to receive refugees from Ukraine, Psaki said: “It is us, but we certainly expect that most, if not the majority, will want to go to Europe in neighboring countries.”
In addition, she said: “We are in talks with Congress, and I mentioned that the President spoke with leaders just earlier this afternoon. I do not have an exact number, but there are ongoing talks about what needs the Ukrainians have on the ground in a number of categories. : security, humanitarian aid, other financial assistance. “

Speaking of nuclear threats from Russia, Psaky said, “[W]I do not see any increased threat in that regard at this time. “
Biden said Thursday that the United States 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 off Russia from US financial markets and includes the freezing of assets of four major Russian banks, including VTB Bank, the country’s second-largest bank, Biden said on Thursday.
“Today, I approve further strong sanctions and new restrictions on what can be exported to Russia,” Biden said. “This will impose large costs on the Russian economy both immediately and over time.”
“I just talked to the G-7 leaders this morning,” Biden said Thursday afternoon. “And we are in full and complete agreement: We want to limit Russia’s ability to do business in dollars, euros, pounds and yen to be part of the global economy. We want to limit their ability to do so.” (ANI)


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