The United States has said it will announce a new round of sanctions against Russia later this week, which will target government officials, financial institutions and state-owned companies.
“You can expect, as many of you have reported, that they will target Russian government officials, their family members, Russian financial institutions, [and] also public companies,” White House spokeswoman Jen Psaki said during a press briefing on Tuesday.
PSAKI said the new US sanctions were aimed at creating more uncertainty and challenges for the Russian financial system as part of Moscow’s “special military operation” in Ukraine.
“Russia does not have unlimited resources, especially now given the crippling sanctions we have put in place and it is going to be forced to choose between depleting precious remaining dollar reserves or new revenue coming in or defaulting.” , Psaki said during a press briefing.
“Most of our goal here is to deplete the resources Putin has to continue his war against Ukraine and obviously causing more uncertainty and challenges to their financial system is part of that.”
PSAKI further explained how the US will no longer allow Russia to repay its debt using dollars stored in US banks, a change aimed at putting additional pressure on Moscow.
The goals of the move were, in part, to drain Russia’s financial resources, the White House press secretary said.
“The goal is to force them to make a choice. So Russia does not have unlimited resources, especially now, given the crippling sanctions we have put in place and they are going to be forced to choose between depleting the precious reserves of remaining dollars, or new revenue coming in or defaulting,” Psaki said.
She continued: “Most of our goal here is to exhaust the resources that Putin has to continue his war against Ukraine, and obviously create more certainty – uncertainty – and challenges to their financial system. are part of it, but it forces him to choose those options and also drain the resources, which makes it more difficult for him to continue fighting the war.”
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