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April 13, 2023
President Joe Biden signed an executive order on Monday prohibiting investment in areas of Ukraine that Russian President Vladimir Putin recognises as separatist states.
The order came after Putin signed a decree recognising the separatist regions of Donetsk and Luhansk in Ukraine’s east as independent entities.
Antony Blinken tweeted the following; “Kremlin recognition of the so-called “Donetsk and Luhansk People’s Republics” as “independent” requires a swift and firm response, and we will take appropriate steps in coordination with partners.”
White House press secretary Jen Psaki said that the White House had anticipated such a move and that Biden’s executive order would prohibit new investment, trade and financing by Americans to, from and in the so-called Donetsk People’s Republic and Luhansk People’s Republic.
The order would also prohibit “the importation into the United States, directly or indirectly, of any goods, services, or technology from the Covered Regions,” as well as “the exportation, reexportation, sale, or supply, directly or indirectly, from the United States, or by a United States person, wherever located, of any goods, services, or technology” to the regions.
In a letter to House Speaker Nancy Pelosi, Biden said he is “also creating the authority to impose sanctions on persons determined to operate or have operated since the date of the order in the Covered Regions,” as well as leaders, officials, senior executive officers or members of the board of directors of an entity operating in the regions, among other groups of people.
Jen Psaki added that the Treasury and State Departments will have additional details on the sanctions and that additional measures will be announced.
“To be clear: these measures are separate from and would be in addition to the swift and severe economic measures we have been preparing in coordination with Allies and partners should Russia further invade Ukraine,” Psaki said.
ARTICLE: PAUL MURDOCH
MANAGING EDITOR: CARSON CHOATE
PHOTO CREDITS: YAHOO NEWS