February 25, 2022
2 mins read

China cannot cover for impact of sanctions on Russia: White House

When asked whether the US was prepared to accept refugees from Ukraine, Psaki said, “We are, but we certainly expect that most, if not the majority, will want to go to Europe in neighbouring countries.”…reports Asian Lite News

China cannot cover Russia for the impact caused by the US and European sanctions, said White House spokesperson Jen Psaki on Thursday.

“[China] they cannot cover what the impact of the sanctions that have been announced in coordination with Europe would, how they would impact Russia,” Psaki said during a press briefing.

This comes at a time when Russian President Vladimir Putin recognized the independence of Ukraine breakaway regions following which Biden has imposed “severe” sanctions on Russia.

When asked whether the US was prepared to accept refugees from Ukraine, Psaki said, “We are, but we certainly expect that most, if not the majority, will want to go to Europe in neighbouring countries.”

Furthermore, she said, “We are in conversations with Congress, and I mentioned the President spoke with leaders just earlier this afternoon. I don’t have an exact number, but those are ongoing conversations about what needs the Ukrainians have on the ground in a variety of categories: security, humanitarian, other economic assistance.”

Speaking on any nuclear threats from Russia, Psaky said, “[W]e don’t see any increased threat in that regard at this point in time.”

Biden on Thursday said that the US 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 Russia off from the US financial markets and includes freezing the assets of four major Russian banks, including VTB Bank, the nation’s second-biggest bank, Biden said Thursday.

“Today, I’m authorizing additional strong sanctions and new limitations on what can be exported to Russia,” Biden said. “This is going to impose a severe cost on the Russian economy both immediately and over time.”

“I just spoke with the G-7 leaders this morning,” Biden said Thursday afternoon. “And we’re in full and total agreement: We will limit Russia’s ability to do business in dollars, euros, pounds, and yen to be part of the global economy. We’ll limit their ability to do that.” (ANI)

ALSO READ: Pakistan and China move to takeover Gilgit-Baltistan

Previous Story

Russia-NATO differences can be resolved through dialogue, Modi to Putin

Next Story

Biden announces sanctions against Russia

Latest from -Top News

India-UAE trade rockets 34%

India-UAE CEPA delivers record trade growth, expands into AI, sustainability, and space, with UIBC-UC’s new study mapping a blueprint for global innovation-led collaboration. The UAE-India Business Council – UAE Chapter (UIBC-UC) has

H-1B visas hit with $100,000 fee

Tech giants warn of major disruption as US President couples new charges with $1m “gold card” residency scheme US President Donald Trump has unveiled one of the most far-reaching measures of his

India, Canada to Revive Bilateral Talks

officials from both countries reaffirmed the importance of India–Canada ties, anchored in shared democratic values, respect for the rule of law…reports Asian Lite news India and Canada held pre-Foreign Office Consultations (FOC)

Trump Wants Bagram Back

Trump signals possible push for US return to Afghanistan’s Bagram base, raising fresh questions about Washington’s strategy in the region….reports Asian Lite News President Donald Trump declared on Thursday that his administration

India Appreciates Ireland’s Support Amid Attacks

India and Ireland strengthen ties as Ambassador meets parliamentary committee head…reports Asian Lite News In a move to boost diplomatic and economic cooperation, India’s Ambassador to Ireland, Akhilesh Mishra, met with John
Go toTop

Don't Miss

Jaishankar Heads to US for UNGA

Jaishankar’s address at the high-level session of the 78th UNGA

Dragon is watching: China intensifies surveillance

International technology companies continued to facilitate censorship in their operations