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Biden hits Russia with new sanctions for ‘premeditated’ Ukraine attack

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President Joe Biden hit Russia with a wave of sanctions on Thursday after Moscow invaded Ukraine, measures that impede Russia’s ability to do business in major currencies along with sanctions against banks and state-owned enterprises, Reuters reported.

Biden described Russian President Vladimir Putin as an aggressor with a “sinister vision of the world” and a misguided dream of recreating the Soviet Union.

But he held back from imposing sanctions on Putin himself and from disconnecting Russia from the SWIFT international banking system, amid differences with Western allies over how far to go at this juncture and criticism from Republicans that he should have done more.

According to Reuters Ukrainian forces battled Russian invaders on three sides on Thursday, prompting tens of thousands of people to flee their homes.

“This is a premeditated attack,” Biden told reporters at the White House. “Putin is the aggressor. Putin chose this war. And now he and his country will bear the consequences.”

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. And he said Washington was prepared to do more.

The sanctions are aimed at limiting Russia’s ability to do business in dollars, euros, pounds and yen. Among the targets were five major banks, including state-backed Sberbank and VTB, as well as members of the Russian elite and their families. Sberbank, Russia’s largest lender, will no longer be able to transfer money with the assistance of U.S. banks.

The White House also announced export restrictions aimed at curbing Russia’s access to everything from commercial electronics and computers to semiconductors and aircraft parts, read the report.

‘DANGEROUS MOMENT’

Biden said NATO would meet on Friday to map out further measures and reiterated that the United States would not engage in war with Russia. But he said the United States would meet its Article 5 commitments, in which NATO members agree an armed attack against one of them in Europe or North America will be considered an attack against them all. Since Ukraine is not a NATO member, those protections do not apply.

Biden said this was “a dangerous moment for all of Europe,” and that he had authorized troops that had been placed on standby to deploy to Germany. He declined to comment on whether he would urge China to join the West’s drive to isolate Russia.

U.S. Senate Republican leader Mitch McConnell said the world was watching how Washington responds, Reuters reported.

He said Congress would support “truly devastating sanctions” against the Kremlin, but he said Biden should have imposed tough sanctions early enough to deter an invasion and weaken Russia.

“Sadly, deterrence after the fact is not deterrence at all,” McConnell said in a statement.

Biden met with his counterparts from the Group of Seven allies and his National Security Council on Thursday, after speaking with Ukrainian President Volodymyr Zelenskiy late on Wednesday.

His 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 United States had warned it would initiate waves of sanctions against Moscow if it further invaded Ukraine, and Russia’s full-on military assault launched on Thursday led to the latest round of Western penalties, read the report.

White House press secretary Jen Psaki later told reporters the Biden administration believes Putin has “grander ambitions than Ukraine” without offering further details.

On Wednesday Washington imposed sanctions on the company in charge of building Russia’s Nord Stream 2 gas pipeline, and on Tuesday it sanctioned two large Russian financial institutions and Russian sovereign debt along with some members of the Russian elite and their family members.

The moves are aimed at pushing up inflation and interest rates in Russia, lowering purchasing power, investment, growth and living standards, White House economic adviser Daleep Singh told reporters on Thursday.

Biden has become the face of the Western response to Russian aggression at a time when he is battling low poll numbers at home, rising inflation that could be exacerbated by the Ukraine conflict, and looming midterm elections that could hand control of the Senate and House of Representatives from his fellow Democrats to Republicans, Reuters reported.

Officials said he briefed leaders in the U.S. Congress about the Ukraine crisis during a secure call on Thursday.

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. U.S. officials have been working with counterparts in other countries on a combined release of additional oil from global strategic crude reserves, two sources said on Thursday.

Biden warned oil and gas companies not to “exploit” this moment to raise prices.

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Hong Kong tycoon Jimmy Lai sentenced to 20 years in jail in national security trial

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Hong Kong’s most prominent media tycoon Jimmy Lai was sentenced on Monday to a total of 20 years in jail on national security charges comprising two counts of conspiracy to collude with foreign forces and one of publishing seditious materials.

The sentence ends a legal saga spanning almost five years, and Hong Kong’s most high-profile national security hearing. Lai, founder of the now-shuttered Apple Daily newspaper, was first arrested in August 2020 and convicted last year, Reuters reported.

Lai’s sentence of 20 years was within the most severe penalty “band” of 10 years to life imprisonment for offences of a “grave nature”.

The Hong Kong court said Lai’s sentence was enhanced by the fact that he was “mastermind” and driving force behind foreign collusion conspiracies.

The 78-year-old, a British citizen, has denied all the charges against him, saying in court he is a “political prisoner” facing persecution from Beijing.

Lai’s plight has been criticised by global leaders, opens new tab including U.S. President Donald Trump and British Prime Minister Keir Starmer, spotlighting a years-long national security crackdown in the China-ruled Asian financial hub, following mass pro-democracy protests in 2019.

“The rule of law has been completely shattered in Hong Kong. Today’s egregious decision is the final nail in the coffin for freedom of the press in Hong Kong,” said Jodie Ginsberg, CEO of the Committee to Protect Journalism.

“The international community must step up its pressure to free Jimmy Lai if we want press freedom to be respected anywhere in the world.”

Lai arrived to court in a white jacket, with hands held together in a praying gesture as he smiled and waved at supporters.

The case has drawn calls for the long-standing critic of the Chinese Communist Party, who friends and supporters say is in frail health, to be freed.

“The harsh 20-year sentence against 78-year-old Jimmy Lai is effectively a death sentence,” said Elaine Pearson, Asia Director of Human Rghts Watch. “A sentence of this magnitude is both cruel and profoundly unjust.”

Dozens of Lai’s supporters queued for several days to secure a spot in the courtroom, with scores of police officers, sniffer dogs and police vehicles including an armoured truck and a bomb disposal van deployed around the area.

“I feel that Mr. Lai is the conscience of Hong Kong,” said a man named Sum, 64, who was in the queue.

“He speaks up for Hong Kong people, and even for many wrongful cases in mainland China and for the development of democracy. So I feel that spending a few days of my own freedom sleeping out here is better than seeing him locked up inside.”

Starmer raised the case of Lai, who holds British citizenship, in detail during a tête-à-tête with Chinese leader Xi Jinping last month in Beijing’s Great Hall of the People, according to people briefed on the discussions. Britain’s national security adviser, Jonathan Powell, and China’s foreign minister, Wang Yi, were also present.

“I raised the case of Jimmy Lai and called for his release,” Starmer told the UK parliament after his trip.

Trump too, raised Lai’s case with Xi during a meeting last October. Several Western diplomats told Reuters that negotiations to free Lai would likely begin in earnest after he is sentenced, and depending on whether Lai will appeal.

LIFE IN PRISON?

Lai’s family, lawyer, supporters and former colleagues have warned that he could die in prison as he suffers from health conditions including heart palpitations and high blood pressure.

Besides Lai, six former senior Apple Daily staffers, an activist and a paralegal will also be sentenced.

“Jimmy Lai’s trial has been nothing but a charade from the start and shows total contempt for Hong Kong laws that are supposed to protect press freedom,” said the Committee to Protect Journalists’ Asia-Pacific Director Beh Lih Yi.

Beijing, however, says Lai has received a fair trial and all are treated equally under the national security law that has restored order to the city.

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Trump signs order threatening tariffs on nations doing business with Iran

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U.S. President Donald Trump signed an executive order on Friday that may impose a 25% tariff on countries that do business with Iran.

The order comes as tensions between Iran and U.S. continue to simmer even as the two countries engaged in talks this week.

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Trump rejects Putin offer of one-year extension of New START deployment limits

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U.S. President Donald Trump on Thursday rejected an offer from his Russian counterpart to voluntarily extend the caps on strategic nuclear weapons deployments after the treaty that held them in check for more than two decades expired.

“Rather than extend “New START … we should have our Nuclear Experts work on a new, improved and modernized Treaty that can last long into the future,” Trump wrote in a post on his Truth Social platform, Reuters reported.

Arms control advocates warn that the expiration of the treaty will fuel an accelerated nuclear arms race, while U.S. opponents say the pact constrained the U.S. ability to deploy enough weapons to deter nuclear threats posed by both Russia and China.

Trump’s post was in response to a proposal by Russian President Vladimir Putin for the sides to adhere for a year to the 2010 accord’s limit of 1,550 warheads on 700 delivery systems — missiles, aircraft and submarines.

New START was the last in a series of arms control treaties between the world’s two largest nuclear weapons powers dating back more than half a century to the Cold War. It allowed for only a single extension, which Putin and former U.S. President Joe Biden agreed to for five years in 2021.

In his post, Trump called New START “a badly negotiated deal” that he said “is being grossly violated,” an apparent reference to Putin’s 2023 decision to halt on-site inspections and other measures designed to reassure each side that the other was complying with the treaty.

Putin cited U.S. support for Ukraine’s battle against Russia’s 2022 full-scale invasion as the reason for his decision.

White House spokeswoman Karoline Leavitt told reporters that the U.S. would continue talks with Russia.

BOTH SIDES SIGNAL OPENNESS TO TALKS

Earlier, Kremlin spokesman Dmitry Peskov said Russia was still ready to engage in dialogue with the U.S. if Washington responded constructively to Putin’s proposal.

“Listen, if there are any constructive replies, of course we will conduct a dialogue,” Peskov told reporters.

The UN has urged both sides to restore the treaty.

Besides setting numerical limits on weapons, New START included inspection regimes experts say served to build a level of trust and confidence between the nuclear adversaries, helping make the world safer.

If nothing replaces the treaty, security analysts see a more dangerous environment with a higher risk of miscalculation. Forced to rely on worst-case assumptions about the other’s intentions, the U.S. and Russia would see an incentive to increase their arsenals, especially as China plays catch-up with its own rapid nuclear build-up.

Trump has said he wants to replace New START with a better deal, bringing in China. But Beijing has declined negotiations with Moscow and Washington. It has a fraction of their warhead numbers – an estimated 600, compared to around 4,000 each for Russia and the U.S.

Repeating that position on Thursday, China said the expiration of the treaty was regrettable, and urged the U.S. to resume dialogue with Russia on “strategic stability.”

UNCERTAINTY OVER TREATY EXPIRY DATE

There was confusion over the exact timing of the expiry, but Peskov said it would be at the end of Thursday.

Russia’s Foreign Ministry said Moscow’s assumption was that the treaty no longer applied and both sides were free to choose their next steps.

It said Russia was prepared to take “decisive military-technical countermeasures to mitigate potential additional threats to national security” but was also open to diplomacy.

That warning was in apparent response to the possibility that Trump could expand U.S. nuclear deployments by reversing steps taken to comply with New START, including reloading warheads on intercontinental ballistic missiles and submarine-launched missiles from which they were removed.

A bipartisan congressionally appointed commission in 2023 recommended that the U.S. develop plans to reload some or all of its reserve warheads, saying the country should prepare to fight simultaneous wars with Russia and China.

Ukraine, which has been at war with Russia since Moscow’s 2022 invasion, said the treaty’s expiry was a consequence of Russian efforts to achieve the “fragmentation of the global security architecture” and called it “another tool for nuclear blackmail to undermine international support for Ukraine.”

Strategic nuclear weapons are the long-range systems that each side would use to strike the other’s capital, military and industrial centres in the event of a nuclear war. They differ from so-called tactical nuclear weapons that have a lower yield and are designed for limited strikes or battlefield use.

If left unconstrained by any agreement, Russia and the U.S. could each, within a couple of years, deploy hundreds more warheads, experts say.

“Transparency and predictability are among the more intangible benefits of arms control and underpin deterrence and strategic stability,” said Karim Haggag, director of the Stockholm International Peace Research Institute.

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