Biden Slammed for Weak Response to Russia Aggression Against Ukraine
President Joe Biden delivers remarks on developments in Ukraine and Russia, and announces sanctions against Russia, from the East Room of the White House in Washington, D.C., on Feb. 22. (Drew Angerer/Getty Images)
By Brian Freeman | Wednesday, 23 February 2022 09:51 AM
The sanctions imposed on Russia by President Joe Biden after Moscow sent soldiers into Ukraine's separatist regions were harshly criticized as a weak response and were shrugged off by the markets, Bloomberg reported on Tuesday.
The sanctions — which targeted a pair of Russian banks and three members of the country's elite, as well as seeking to freeze future purchases of Russian sovereign debt — were a far cry from the precedent-shattering, economy-crippling measures the United States and its partners long vowed to enact if Russian troops invaded.
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