Biden Readies Address on Plan for ‘Severe’ Russia Sanctions
- US assails Putin for choosing a ‘premeditated war’ on Ukraine
- Biden will address the nation on Thursday after G-7 meeting
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U.S. President Joe Biden promised to impose “severe sanctions” against Russia for its invasion of Ukraine and will spell out the economic penalties in a public address scheduled for Thursday afternoon.
The question is how far he and allies will to go to punish President Vladimir Putin. Possible measures include cutting Russia’s top banks from the financial system and imposing sanctions on Putin himself. Kicking Russia out of the messaging system used for financial transactions called Swift would be the most extreme step.