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US, Europe agree to freeze assets of Russia’s Putin, Lavrov

by News Wires
February 26, 2022
in World
French Foreign Minister Jean-Yves Le Drian, second right, speaks with Austria's Foreign Minister Alexander Schallenberg, second left, during a meeting of EU foreign ministers in Brussels, on Feb. 25, 2022.

French Foreign Minister Jean-Yves Le Drian, second right, speaks with Austria's Foreign Minister Alexander Schallenberg, second left, during a meeting of EU foreign ministers in Brussels, on Feb. 25, 2022.

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BRUSSELS – With a military intervention in Ukraine off the table, and countries around the world looking to heap more financial punishment on Moscow, the United States, Britain and European Union said that they will move to sanction Russian President Vladimir Putin and Foreign Minister Sergey Lavrov.

The EU’s unanimous decision, part of a broader sanctions package, indicated that Western powers are moving toward unprecedented measures to try to force Putin to stop the invasion of Russia’s neighbor and from unleashing a major war in Europe.

British Prime Minister Boris Johnson also told NATO leaders during a call Friday that Britain would move to impose sanctions against Putin and Lavrov. The EU said it would move to freeze Putin’s assets.

White House press secretary Jen Psaki indicated the US sanctions will include a travel ban. President Joe Biden, who had previously said sanctions targeting Putin were under consideration, decided to make the move in the last 24 hours after talks with European leaders.

Psaki said according to AP that the move is intended send “a clear message about the  strength of the opposition to the actions” by the West against President Putin.

Austrian Foreign Minister Alexander Schallenberg said the move would be “a unique step in history toward a nuclear power, a country that has a permanent seat on the Security Council, but also shows … how united we are.”

It was unclear what the practical impact on the two men would be and how important their assets in the EU were.

“I can assure you that if you got major assets and all of a sudden you can´t get hold of them, it will cost you,” said EU foreign affairs chief Josep Borrell. He did not provide details.

Tags: RussiaUKRAINEUS

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