US President Joe Biden said on Thursday that he had convened a NATO emergency summit to ensure international sanctions against Russia over its invasion of Ukraine remain in place in the long term.
“Maintaining sanctions… (is) increasing the pain….Why I’ve asked for this NATO meeting today is to make sure that after a month we will stick to what we’re doing — not just next month, next month – but for the rest of this whole year,” he told a news conference at NATO headquarters.
“That will stop him,” he said, referring to Russian President Vladimir Putin.
Biden insisted he had never used the threat of sanctions as a form of deterrence to avert Putin’s ordered invasion of Ukraine.
“Let’s get things straight. Remember, if you covered me up from the start, I didn’t say sanctions would deter him. Sanctions never deter. You keep talking about that! Sanctions never deter,” he said. journalists.
The United States, the European Union and its allies have unleashed several coordinated waves of sanctions against Russia since the invasion of Ukraine on Feb. 24.
The punishment has hit Russia’s finances and economy hard, and has also targeted Russian defense companies and oligarchs, as well as Putin and his closest ministers and aides.
Washington and Brussels have warned of further sanctions against Moscow to increase the costs of continuing the war.
(This story was not edited by DailyExpertNews staff and was generated automatically from a syndicated feed.)