The president of the US, Joe Biden, has announced on Twitter that the G7 leaders, during their virtual meeting on Thursday, agreed to impose “devastating” sanctions on Russia, in response to the invasion of Ukraine.
“We support the brave Ukrainian people,” said the American leader before heading to the nation.
After the meeting with G7, Biden has said that “Putin is the aggressor, has chosen this war.”
Step followed he has spoken of sanctions to Russia for his invasion of Ukraine.
They will be limited to the financial sector, the export of technology that can be used in the defense, aerospace, and naval sectors, and some personalities of the Vladimir Putin regime.
They will not include the expulsion of Russia from the International SWIFT Payment System, which would suppose that country from the international financial system.
Nor will they cover the energy sector, which represents 30% of Russian GDP, 50% of State income, and 60% of Russian exports.
And they will not affect Vladimir Putin’s personal accounts, which has an estimated fortune of 180,000 million euros, part of it outside Russia.
The US and its allies will also free part of their strategic oil reserves to compensate for the rebound of this raw material by the invasion of Ukraine.
In the military field, the US will make its troops in Europe go to the countries closest to Russia and Ukraine, but discard their intervention in the war.
Washington has not reported whether it is giving additional weapons to the Ukrainian armed forces, although everything seems to indicate that this is not the case, and that collaboration is limited to sending them intelligence on the unstoppable progress of the invaders.
Meanwhile, for the future, there are more measures that are being analyzed, such as the exclusion of Russia of SWIFT or direct sanctions to Putin.
The Biden press conference coincided with the recognition by Western espionage agencies that the capital of Ukraine, Kiev will probably fall tomorrow or past in the hands of the invaders.
Biden declared that the new sanctions will be so harmful to that country “like bullets and tanks,” and he recalled that the ruble has collapsed a spectacular 35% since the invasion began.
Biden condemned the invasion, but in the field of practical realities the measures imposed by the US will not affect the calculation of Putin.
Five of the largest Russian banks will see their activities forbidden in the US and will see their frozen assets.
The capacity of indebtedness of the large corporations of that country, such as Gas Gazprom giant, will be seen severely limited, since they can only issue short-term debt.
And a series of Putin collaborators will see their frozen assets.
In total, around 2.5 trillion dollars (2.3 trillion euros) of Russian money will be immobilized.
In total, 50% of Russian technology imports will be canceled.
But all those measures were already expected.
The sanctions did not make Putin renounce the invasion.
And they will not make you change your mind.
“United States plants face to the thugares,” said Biden.
“Putin has committed an assault on the principles of global peace,” the American leader continued, ensuring that the coming weeks and months he is going to help the people of Ukraine.
“Putin will be a pariah on the international scene,” he has threatened Biden.
“Putin wants an empire in any way possible, he has a sinister vision for the future of our world,” she continued.
“Our allies and the US will emerge from this stronger,” he concluded before giving way to journalists’ questions.
“His ambitions are totally contrary to the point where the rest of the world is,” he has responded to journalists.
The group of the seven most important democratic economies in the world (G-7) has condemned the Russian invasion of Ukraine and let evidence after the Virtual Summit celebrated this Thursday under German Presidency that Russian President Vladimir Putin has placed on the wrong side of
the history.
In a statement released by the presidency of shift after the meeting of the leaders of the US, Canada, Japan, France, United Kingdom and Italy, in addition to Germany, the G-7 condemns “to President Vladimir Putin for his constant refusal to participate in
A diplomatic process to address issues related to European security, despite our repeated offers “.
The group thus attacks Putin by invading Ukraine despite the diplomatic efforts of the West to avoid war. “President Putin has returned to introduce war on the European continent. He has been placed on the wrong side of history”,
They said in a statement after a meeting presided by Germany.
They also sentenced Moscow to recognize the separatist regions of Donetsk and Luhansk as independent of Ukraine and reiterated that these regions, together with the Crimean Peninsula, which Russia annexed in 2014, is “an integral part” of the Ukrainian territory.
The Powers of the G7 urged Russia to guarantee the safety of OSCE observers in Ukraine and expressed their commitment to “democracy and its common universal values”, with sustainable development and with the need for the international community.
“We are united in the determination of giving common answers both to the challenges of systemic nature and the immediate crises of our time,” says the statement.
Initially, an appearance had been foreseen with the Media of Chancellor Olaf Scholz, at the end of the meeting summoned since its role by the group’s turn.
Subsequently, that appointment was canceled, because of the face-to-face summit among the leaders of the European Union (EU), which will take place on Thursday in Brussels, in which a package of common sanctions against Russia is expected.
In a television statement before traveling to Brussels, Scholz highlighted the Atlantic Alliance Unit in the defense of the Oriental Flanch in the case of a Russian aggression.
“Putin should not question the NATO unit,” he said.
The chancellor argued that Russia’s attack on Ukraine is more than a war, “is a war not lived in Europe for 75 years.”
Scholz affirmed that Putin wants to travel to the clock but “time does not go back, there is no return to the time of the cold war”.
Together with the explicit mention to the Russian invasion, the Declaration of the Seven Leaders expresses the “General” commitment to the defense of democratic systems and multilateralism on issues such as climate, environmental and against Covid struggle.
