Biden extends sanctions against Russia for another year

US President Joe Biden has extended a series of sanctions against Russia imposed due to the situation in Ukraine. On March 1, it was reported on website White House.

“In accordance with the National Emergency Act, I am extending for 1 year the national emergency declared on March 6, 2014 by Executive Order 13660,” the Biden administration said in a statement.

Decree No. 13660 is the basis for regulating a number of sanctions imposed by the United States in 2014, 2018 and 2022 in connection with the events in Ukraine.

Earlier, on February 24, the United States expanded the list of anti-Russian sanctions, supplementing it with restrictive measures against the metallurgical and mining sectors of the Russian economy. Restrictions also affected 22 individuals and 83 legal entities.

On February 21, Russian President Vladimir Putin, during a message to the Federal Assembly, said that sanctions are a means by which the West, by its own admission, wants to make Russian citizens suffer. According to him, the Russian economy and management system turned out to be much stronger than the West believed.

Before that, on January 15, the Russian leader also noted that the situation in the Russian economy is stable. He made such conclusions based on macroeconomic indicators. He also noted that the Russian economy turned out to be “much better than what not only our opponents, but even we predicted.”

Moscow has repeatedly criticized the sanctions policy of the West. On December 15, 2022, Putin stressed that Europe, trying to hit Russia economically, first of all harmed itself, and anti-Russian sanctions caused a powerful jump in inflation in the region.

Western countries have stepped up sanctions pressure on Moscow against the backdrop of a special operation by Russia to protect Donbass, which began on February 24, 2022.

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