US President Joe Biden Extends Sanctions Against Russia, Has Argued Alternatives Would Involve Waging Third World War – Bitcoin News

US President Joe Biden has decided to extend the sanctions imposed by the US government on Russia for another year, arguing that the country still poses a threat to the nation’s security. Biden had spoken about these sanctions before, explaining that the only option besides enacting them would involve a direct international military conflict.

US President Joe Biden extends sanctions against Russia for another year

US President Joe Biden has it Established to extend sanctions against the Russian Federation for one year, on the grounds that the country’s activities “continue to pose an extraordinary and unusual threat to the national security, foreign policy, and economy of the United States.”

according to Executive Order 14024issued on April 15, 2021, the Russian government is making “efforts to undermine the conduct of free and fair democratic elections and democratic institutions in the United States… and to violate long-established principles of international law, including respect for the territorial integrity of states.”

This sanctions package made it possible to designate many Russian entities, including the Russian State Duma and its members, and a large number of companies participating in the country’s military-industrial complex. The order was later expanded to identify more individuals and companies helping the country evade sanctions.

Two options: sanctions or war

The enactment and expansion of these sanctions, as well as their effectiveness, have been criticized by many analysts, who claim that they have contributed to the processes developed by many countries, such as China and India, to reduce their dependence on the United States. The dollar as a reserve and settlement currency.

Senator Marco Rubio commented on the sanctions, noting that other major governments are working to create an alternative international settlement market away from the dollar. In a March 30 interview with Fox News, he said advertiser:

We won’t have to talk about sanctions in five years because there will be so many countries that deal in currencies other than dollars that we won’t have the ability to sanction.

However, President Biden had expressed his position on the previous and expanded Russian sanctions before, considering them the “widest” in history, indicating that they represent an alternative to direct military confrontation. In an interview with YouTuber Brian Tyler Cohen posted on February 26, 2022, referring to the sanctions issue, Biden advertiser:

You have two options. Start a third world war, go to war with Russia physically. Or, second, ensure that a country that acts contrary to international law ends up paying a price for doing so.

What do you think about extending sanctions against Russia? Tell us in the comments section below.

Sergio Gushchenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, getting into the world of crypto when the price spike occurred during December 2017. Having a background in computer engineering, living in Venezuela, and being affected by the cryptocurrency boom on a social level, he offers a different perspective on the success of crypto and how it helps people. Those who do not deal with banks and the disadvantaged.

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