According to the White House press service, President Biden will soon issue a decree prohibiting new investments, trade and financing of separatist “republics” by American individuals.
White House press Secretary Jen Psaki said by Monday evening about Russia’s recognition of the self-proclaimed “republics” of the DPR and LPR in the Donbas that the United States “expected such a step from Russia and is ready to respond immediately.”
“President Biden will soon issue a decree prohibiting new investments, trade and financing by American individuals with, from or in the so-called regions of the DPR and LPR of Ukraine, Psaki explained. – This executive order will also provide the authority to impose sanctions on any person carrying out such actions in these areas of Ukraine. In the near future, the Department of State and the Ministry of Finance will receive additional information. Also, in the near future we will announce additional measures related to today’s gross violation of Russia’s international obligations,” the spokeswoman said.
She added that “these measures are being introduced separately from the rapid and harsh economic measures that we are preparing in coordination with allies and partners, and will complement them in the event of a further Russian invasion of Ukraine.”