Today: 11 July 2025
25 February 2022
2 mins read

China cannot cover for impact of sanctions on Russia: White House

When asked whether the US was prepared to accept refugees from Ukraine, Psaki said, “We are, but we certainly expect that most, if not the majority, will want to go to Europe in neighbouring countries.”…reports Asian Lite News

China cannot cover Russia for the impact caused by the US and European sanctions, said White House spokesperson Jen Psaki on Thursday.

“[China] they cannot cover what the impact of the sanctions that have been announced in coordination with Europe would, how they would impact Russia,” Psaki said during a press briefing.

This comes at a time when Russian President Vladimir Putin recognized the independence of Ukraine breakaway regions following which Biden has imposed “severe” sanctions on Russia.

When asked whether the US was prepared to accept refugees from Ukraine, Psaki said, “We are, but we certainly expect that most, if not the majority, will want to go to Europe in neighbouring countries.”

Furthermore, she said, “We are in conversations with Congress, and I mentioned the President spoke with leaders just earlier this afternoon. I don’t have an exact number, but those are ongoing conversations about what needs the Ukrainians have on the ground in a variety of categories: security, humanitarian, other economic assistance.”

Speaking on any nuclear threats from Russia, Psaky said, “[W]e don’t see any increased threat in that regard at this point in time.”

Biden on Thursday said that the US will introduce a new wave of sanctions against Russia in a broad effort to isolate Moscow from the global economy.

The new package of sanctions aims to cut Russia off from the US financial markets and includes freezing the assets of four major Russian banks, including VTB Bank, the nation’s second-biggest bank, Biden said Thursday.

“Today, I’m authorizing additional strong sanctions and new limitations on what can be exported to Russia,” Biden said. “This is going to impose a severe cost on the Russian economy both immediately and over time.”

“I just spoke with the G-7 leaders this morning,” Biden said Thursday afternoon. “And we’re in full and total agreement: We will limit Russia’s ability to do business in dollars, euros, pounds, and yen to be part of the global economy. We’ll limit their ability to do that.” (ANI)

ALSO READ: Pakistan and China move to takeover Gilgit-Baltistan

Previous Story

Beijing, Moscow discuss Donetsk, Luhansk recognition

Next Story

Biden announces sanctions against Russia

Latest from -Top News

Pakistan, Turkey Cement Defence Ties

Turkey and Pakistan aim to enhance bilateral trade volume to USD $ 5billion, especially in defence, trade, energy, and infrastructure sectors….reports Asian Lite News Turkey and Pakistan have further solidified their longstanding,

US Issues Iran Travel Alert

The statement came amid the recent tensions between the US and Iran following the 12 days of escalating conflict between Iran and Israel…reports Asian Lite News The US Department of State announced

No Lifetime Visas, Says UAE

The UAE’s ICP has dismissed media claims of lifetime Golden Visas for select nationalities, calling them inaccurate…reports Asian Lite News The Federal Authority for Identity, Citizenship, Customs and Ports Security (ICP) has

Netanyahu Nominates Trump for Nobel

Netanyahu hails Trump’s role in Middle East diplomacy with Nobel nomination gesture…reports Asian Lite News Israeli Prime Minister Benjamin Netanyahu formally nominated US President Donald Trump for the Nobel Peace Prize, handing
Go toTop

Don't Miss

Russian, US troops operating at same base in Niger

The presence of Russian troops at the base has fueled

Imran Khan rues decision of Pak siding with US

Khan believes that committing Pakistan’s support to the American occupation