World News | US Treasury Imposes Sanctions on 24 Belarusian Individuals, Entities

Washington [US], February 25 (ANI): US Department of the Treasury's Office of Foreign Assets Control (OFAC) is sanctioning 24 Belarusian individuals and entities "due to Belarus's support for, and facilitation of, the invasion" of Ukraine by Russian.

Condemning Belarusian President Alexander Lukashenko Secretary of the Treasury Janet L. Yellen said, "Having already sacrificed its legitimacy to suppress the democratic aspirations of the Belarusian people, the Lukashenka regime is now jeopardizing Belarus's sovereignty by supporting Russia's further invasion of Ukraine."

Also Read | Russia-Ukraine Crisis: PM Narendra Modi Speaks to President Vladimir Putin, Calls for Immediate Cessation of Violence.

"Treasury continues to disrupt Belarus's military and financial capabilities through targeted sanctions. Further, due to the interconnectedness between the two countries, the actions Treasury took against Russia today will also impose severe economic pain on the Lukashenka regime," he added.

Earlier, US President Joe Biden, in an address to the nation, said on Thursday (local time) that sanctioning Russian President Vladimir Putin is "on the table".Replying to a question whether he will impose sanctions on Putin, Biden said, "It is on the table". During his address, Biden announced "new strong sanctions and limitations" on Russia.The sanctions include limiting Russia's ability to do business in dollars, euros, pounds, and yen to be part of the global economy, stopping the ability to finance and grow the Russian military and impairing Russia's ability to compete in a high-tech 21st-century economy. Biden said that the United States is not doing this alone adding that the 27 EU members and G7 members will participate in these sanctions as well.

Also Read | 'Russia Was Left With No Other Choice', Says President Vladimir Putin on Military Operations in Ukraine.

The US sanctioned Russian banks that together hold around USD 1 trillion in assets. Biden added, "we're also blocking four more major banks. That means every asset they have in America will be frozen."

"This is going to impose a severe cost on the Russian economy, both immediately and over time. We have purposefully designed these sanctions to maximize a long-term impact on Russia and to minimize the impact on the United States and our allies," he said.

Furthermore, the EU demanded Putin to cease Russian military operations immediately and unconditionally withdraw all forces and military equipment from the entire territory of Ukraine.

"Russia bears full responsibility for this act of aggression and all the destruction and loss of life it will cause. It will be held accountable for its actions," the EU statement said.

Moreover, the statement noted that Russia's military attack against Ukraine - an independent and sovereign State - is a flagrant violation of international law and the core principles on which the international rules-based order is built.

The EU calls on the international community to demand from Russia the immediate end of this aggression which endangers international peace and security at a global scale, according to the statement. (ANI)

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