President Joe Biden of the United States of America has said
that the war in Ukraine has already taken a toll on Russia.
“Look at the impact that the war on Ukraine has had on
Russia. They’ve had to renege on their national debt for the first time since
the beginning, almost well over 100 years,” the American leader said at a news
conference in Madrid, CBN reports, adding that Russia has already lost 15 years
of its economic gains.
He said that Russia is in a situation where it is having
trouble because of sanctions from America and its allies, especially on
technological equipment, adding that Moscow will have more trouble “maintaining
oil production because they don’t have the technology to do it.”
“And they also are in a similar situation in terms of their
weapons systems and some of their military systems.”
According to Biden, Russia is paying a very heavy price for
its invasion of Ukraine, adding the US and NATO will not abandon Ukraine.
“Ukraine has already dealt a severe blow to Russia,” he
added.
Biden believes that Russia has already lost its
international standing as it has taken them so long to take over major cities
in Ukraine.
Sweden and Finland are now members of NATO, a situation the
alliance has described as a huge blow on Russia.
However, President Putin has since dismissed Finland and
Sweden’s new status, saying it does not bother Russia.
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