President Joe Biden indicated on Tuesday that he intends to impose more sanctions on Russia “this week,” only hours after Russian President Vladimir Putin terminated a nuclear accord with the United States.
Biden talked about Russia’s war against Ukraine, which is founded on decades of territorial claims. Biden stated that he will impose further restrictions on Russia, but did not elaborate.
“Together, we ensured that Russia paid the price for its transgressions,” Biden said. “We continue to apply the most severe sanctions system ever imposed on any country in history.”
“And we’re going to announce further sanctions with our allies this week,” he said. “We will hold those accountable for those guilty for this conflict, and we will pursue justice for the Russians’ ongoing war crimes and crimes against humanity.”
According to the State Dept., the Biden administration has implemented about 1,500 new and 750 revised sanctions and export restrictions against Russia since the Ukraine crisis began last year.
The restrictions’ impact has weakened Russia’s weapons sector, imposed expenses on several Russian billionaires, and froze around $300 billion in Russian Central Bank holdings.
According to critics, the sanctions have exacerbated the dispute and hindered Putin from resolving the issue without jeopardizing his domestic political standing.
On Tuesday, hours prior to Biden’s speech, Putin announced the unilateral suspension of the New START nuclear accord, which attempted to limit Russian and US nuclear development.
“I am compelled to declare today that Russia is withdrawing from the Strategic Arms Reduction Treaty,” Putin stated. “The West is using Ukraine as a scapegoat against Russia.”
Putin concluded the accord by blasting the West for its “moral decay” or “spiritual disaster.”
“They continually target our culture, the Russian Orthodox Church, and many other traditional religions in our nation,” Putin added. “Look at what they do to their own peoples: they declare the annihilation of the family, cultural and national identity, depravity, and child abuse to be the norm. And clerics are compelled to sanction same-sex weddings.”
Putin has begun to emphasize social and religious topics during talks regarding Ukraine, without giving any clear connection. Putin proclaimed the “annexation” of four Ukrainian districts in September, calling Western countries “Satanic.”