US President Joe Biden authorized a government order that blocks fresh investments into Russia and curbs the provision of a broad range of services to individuals in the Russian Federation. This move was reported by the agency TASS, citing a statement from the White House press service.
The decree covers the export, re-export, sale, or supply of any category of service that may be defined by the Secretary of the Treasury in consultation with the Minister of State. It applies to persons located in Russia or acting through any intermediary, and it enforces restrictions on all such transactions by U.S. entities or others under U.S. jurisdiction, with the goal of constraining financial activity connected to the Russian economy.
In addition, the order prohibits new investments by U.S. persons in Russia, regardless of the investment’s nature or location. The move is part of a broader set of measures designed to limit Russia’s access to capital and to slow the country’s economic activities tied to its government plans.
Former Deputy National Security Advisor to the President, Duleep Singh, later commented that Washington and its allies are determined to deprive Russia of revenue from its oil and gas exports over time. This perspective reflects a strategic aim to apply sustained pressure on Moscow through energy market channels, aligning with Washington’s broader policy approach in response to ongoing tensions.
On February 24, Vladimir Putin announced that Russia would undertake a military operation in Ukraine in response to requests for assistance from the heads of the LPR and DPR. The president outlined the operation as necessary to protect people perceived to face violence and persecution after years of conflict in the region. The decision to proceed with this operation triggered a fresh wave of sanctions from the United States and its allies, intensifying the existing economic and political pressure on Moscow.
Observers note that the sanctions landscape continues to evolve as Western governments coordinate measures across finance, trade, and energy sectors. The White House statement, alongside reporting from international agencies, underscores the ongoing effort to shape a unified stance aimed at pressuring Russia while seeking to limit unintended consequences for global markets. Analysts emphasize the importance of monitoring policy developments and market responses as new restrictions unfold and as diplomatic efforts persist in addressing the broader security concerns raised by the Ukraine crisis.