read more"This is a premeditated attack," Biden told reporters at the White House. Biden said the sanctions were designed to have a long-term impact on Russia and to minimize the impact on the United States and its allies. [1/2] U.S. President Joe Biden provides an update on Russia and Ukraine during remarks in the East Room of the White House in Washington, U.S., February 22, 2022. read moreHis announcement represented the second major tranche of sanctions against Russia since Putin earlier this week declared two breakaway regions of Ukraine independent and sent troops there. The White House has warned Americans that the conflict could lead to higher fuel prices in the United States, though it is taking measures to help soften that blow.

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