The United States said it would announce a new round of sanctions against Russia later this week targeting government officials, financial institutions and state-owned enterprises.
“You can expect, as many of you have reported, that they will target Russian government officials, their family members, Russian-owned financial institutions. , [and] are also state-owned enterprises,” White House spokeswoman Jen Psaki said at a news conference on Tuesday.
The new US sanctions are intended to cause more instability and challenges to Russia’s financial system amid Moscow’s “special military operation” in Ukraine, Psaki said.
“Russia doesn’t have limitless resources, especially now with the crippling sanctions we’ve put in place, and it will be forced to choose between draining its remaining valuable dollar reserves or new revenue arrives or defaults,” Psaki said at a press conference.
“The biggest part of our goal here is to deplete the resources Putin has to continue his war against Ukraine and obviously cause more instability and challenges to their financial system. be part of that.”
Psaki further explained that the US will no longer allow Russia to repay its debt using dollars hoarded in American banks, a change intended to put more pressure on Moscow.
The goal of the move, in part, is to drain Russia’s financial resources, the White House press secretary said.
“The aim is to force them to make a choice. So Russia doesn’t have unlimited resources, especially now, with the crippling sanctions we’ve put in place and they’ll be forced to choose. between draining the remaining valuable reserve of dollars, or Psaki said.
She continued, “The biggest part of our goal here is to deplete the resources Putin has to continue the war against Ukraine, and obviously to create more certainty – uncertainty. sure – and the challenges to their financial system are part of that but it’s forcing them to choose those options and also draining resources, making it harder for him to keep fighting.”
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