World leaders on Thursday condemned Russia’s invasion of Ukraine as “barbaric” and immediately imposed harsh sanctions on Russia’s economy, President Vladimir Putin’s inner circle and many of the country’s oligarchs.
“Putin chose this war, and now he and his country will suffer the consequences,” said US President Joe Biden.
Almost jointly, the United States, the 27th European Union and other Western allies announced a round of sanctions against Russian banks and major companies and imposed export controls aimed at starving the country’s semiconductors and other high-tech military industries. products.
From the U.S. to Western Europe and Japan, South Korea, and Australia, nations lined up because the outbreak of the Kremlin’s denunciation fight sparked fears about the appearance of Europe. The invasion initially brought the stock down and the price of oil went up for fear of higher food and fuel costs.
The West and its allies were reluctant to send troops to Ukraine, a non-NATO member, and risked a wider war on the continent. But NATO has strengthened its member states in Eastern Europe as a precaution against an attack on them.
“Make no mistake: we will defend all allies against any attack of an inch from NATO territory,” said NATO Chief Jens Stoltenberg.
Meanwhile, the country began to take steps to isolate Moscow in order to force it to pay such a high price, which changes direction.
President Biden has so far stopped imposing some of the harshest sanctions, including removing Russia from the SWIFT payment system, which allows money to be transferred from bank to bank around the world. The Ukrainian president has called for Russia to be excluded from SWIFT, but the US has expressed concern about the potential damage to European economies.
From the U.S. Congress, there was widespread support for the imposition of destructive sanctions on Russia, although lawmakers from both sides called on the White House to impose further financial cuts to stop Putin’s attack on Ukraine.
Republican Senate leader Mitch McConnell said he had urged President Biden to “raise” sanctions to cause as much economic harm as possible to the Russian regime.
“It’s pretty clear that we want members of the U.S. Congress, regardless of party, to present a fully united front,” McConnell said.
EU leaders held an emergency summit and agreed on sanctions that include the financial, energy and transport sectors and various people in Russia. In a statement, the leaders said the measures would have “serious and serious consequences” for Russia.
Details will not be available until Friday.
“We want to cut Russia’s industry from the technologies needed to build the future today,” said European Commission President Ursula von der Leyen.
Dutch Prime Minister Mark Rutte said: “It’s about Russia’s leadership and its relentless financial and economic turmoil.”
British Prime Minister Boris Johnson also announced financial cuts and export controls. In addition, Great Britain will also ban the landing of the iconic Russian airline, Aeroflot, at British airports.
Johnson described the attack on Ukraine as “horrific and barbaric” and said of Putin, “We now see what it is like: a bloody assailant who believes in imperial conquest.”
Canada imposed sanctions on 58 people and entities, including members of Russia’s elite members and their relatives, including the Wagner Paramilitary Group and Russia’s main banks. The punitive measures announced after Prime Minister Justin Trudeau attended a virtual meeting of the G-7 industrialized nations will also include members of the Russian Security Council, including the chief cabinet minister.
In the days leading up to the attack, Germany suspended its acceptance of the Nord Stream 2 pipeline from Russia.
With Stoltenberg and Johnson, von der Leyen called the invasion a “barbaric” attack on an independent nation, threatening “European stability and the full order of international peace.”
The new US sanctions also targeted Belarusian military and financial institutions, a neighbor of northern Ukraine. Russia is using Belarus as a place for troop movements to Ukraine.
In addition, the UN Security Council is expected to vote on a resolution condemning Russia on Friday and calling for the immediate withdrawal of all forces. But Moscow will veto it for sure.
Emphasizing the growing rupture in relations between the superpowers, China was the only one left to condemn the attack and instead blamed the United States and its allies for exacerbating the crisis.
In a clear Moscow defense, China has “asked the parties to respect the security concerns of others.”
Foreign Ministry spokeswoman Hua Chunying said “all parties should work for peace instead of escalating tensions or praising the possibility of war” – a criticism of the West in China’s ongoing language crisis.
China went further and agreed to import wheat from Russia, a measure to reduce the impact of Western sanctions. Russia, one of the largest producers of wheat, would be vulnerable if foreign markets closed.
The possible consequences extended beyond economics and geopolitics. The director of the African Centers for Disease Control and Prevention is concerned that the crisis will take more global attention to help the world’s least vaccinated continent cope with COVID-19.
In New York, a projection artist is projecting “Stand With Ukraine” and the country’s flag on a wall at the United Nations headquarters. Artist David Forsee says he decided to do it because he was “a worried person who doesn’t want to be surrounded by nuke.”
Additional report by The Associated Press.
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