Kremlin 'Cut Off' From Western Cash As Ukraine Invasion Begins, Biden Says - TrendyNewsReporters Kremlin 'Cut Off' From Western Cash As Ukraine Invasion Begins, Biden Says - TrendyNewsReporters
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Kremlin ‘Cut Off’ From Western Cash As Ukraine Invasion Begins, Biden Says

The Russian government has been cut off from western financing as the US and its allies impose a first tranche of sanctions against Moscow following its military advances into Ukraine, President Joe Biden said on Tuesday.

The “beginning” of the Russian invasion demanded a firm international response to impose tough initial costs that can be ramped up as Moscow pushes further into Ukraine, Mr Biden said.

“We still believe that Russia is poised to go much further in launching a massive military attack against Ukraine … We will continue to escalate sanctions if Russia escalates,” he said at the White House.

Moscow can “no longer raise money from the West and cannot trade in its new debt on our markets or new European markets”, he added. “We’ve cut off Russia’s government from western financing.” Details later

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