President Biden plans to sign an executive order blocking new U.S. investment, trade and financing from flowing into two Russian separatist-held regions in Ukraine after Russian President Vladimir Putin signed a decree recognizing the areas as independent.
The executive order, detailed by the White House shortly after Putin delivered a lengthy address on his decision, will also give Biden the power to “impose sanctions on any person determined to operate in” the so-called Donetsk and Luhansk people’s republics.
