US Treasury Secretary Janet Yellen said the United States is consulting with European allies about their concerns if sanctions are imposed on Russia.
“We want to remain united with our allies,” Yellen told CNBC. “Of course, the economic ties between Russia and Europe are stronger than those between Russia and the United States. So we are working closely with them (European allies) to understand their concerns.”
Yellen also noted that US President Joe Biden had threatened to impose “severe” sanctions on Moscow. It added that the restrictions put in place jointly with allies would become “concrete” for the Russian economy.
The day before, President Joe Biden, during a press conference dedicated to commemorating his anniversary, said Washington was ready to take a new set of restrictions on Moscow should the situation around Ukraine worsen. Among the possible steps, he cited a ban on Russian banks to conduct dollar transactions, and the disconnection of Russia from the SWIFT system for settling international business transactions.
Western politicians and officials in Kiev have claimed in recent months that Russia has “concentrated its forces on the border with Ukraine”. While the Kremlin spokesman, Dmitry Peskov, explained that the Russian armed forces are moving within the territory of Russia, and this does not threaten anyone and should not worry anyone. Moscow also stressed that statements about “possible Russian aggression” are used as a pretext to increase NATO’s strength in areas close to Russias borders.
Source: RIA Novosti