The President of the United States has just finished his speech regarding new sanctions against Russia. The US has decided to ban the import of Russian alcohol, seafood and diamonds. In addition, a ban on the export of luxury goods to Russia will come into force. America will not start a direct conflict with Russia, but Biden announced that if Putin used biological weapons, the consequences would be severe. President Biden described Putin as the aggressor who must pay the price. The US president will sign another document guaranteeing financial aid for Ukraine.
The White House announced that by executive order, President Biden will prohibit future US investments in any sector of the Russian economy. Russia is cut off from obtaining funding from the IMF or the World Bank. Sanctions are imposed on the presidents of Russian banks and members of the State Duma. The US is looking for other nations to join the US in revoking PNTA relations.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app
President's Biden speech did not trigger any major moves on the markets. US30 moved slightly higher and is testing local resistance at 33410 pts. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
