Additional sanctions against Russia over the war in Ukraine is going to consider this week, US President Joe Biden along with the G7 as he said on Wednesday.
“We are always open to additional sanctions,” Biden told reporters at the White House. “I will talk to G7 members this week about what to do or not to do.” he added.
Russia has stepped up its attacks in eastern Ukraine, according to the Ukrainian Defense Ministry, almost 10 weeks after the start of the war in which thousands of people were killed, millions were displaced and entire cities were razed.
Russia has also stepped up strikes on targets in western Ukraine to cut off Western arms deliveries, while Belarus’s allies have announced the launch of large-scale military exercises.
Earlier in the day, European Commission President Ursula von der Leyen presented to the European Parliament the 6th package of sanctions against Moscow, which includes a gradual embargo on Russian oil imports.
Glenn: In constant contact with our partners
The United States is in constant talks with its partners to impose new sanctions on Russia and may take “additional measures” to pressure Moscow to end its attack on Ukraine, US Treasury Secretary Janet Yellen said today. .
Speaking at a Wall Street Journal conference, Glenn declined to elaborate, saying further measures were possible “if Russia continues to wage war on Ukraine.”
Russia calls the invasion of Ukraine a “special military operation.”
As for the US economy, Janet Gellen said, among other things, that the US Federal Reserve (Fed) should be “skilled” but also “lucky” in order to lead it to a … smooth landing, as the The Fed is trying to tame galloping inflation.
She expressed confidence in the current state of the US economy, but inflation – which is at its highest level in four decades – is a major problem and it is the Fed’s job to reduce it.
Glenn’s remarks came hours before the Fed announced it was hoping to raise interest rates by half a percentage point.
Reuters
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