further restrain the finances of russia s oligarchs. the group will be dedicated to enforcing sanctions, export restrictions and economic countermeasures designed to freeze russia out of global markets. a senior adviser to congress on a sanctions joins me now from washington. we have the sanctions in place. this agency, it will be the sanctions and forces? then you task force sanctions and forces? then you task force is sanctions and forces? then you task force is not sanctions and forces? then you task force is not an sanctions and forces? then you task force is not an agency - sanctions and forces? then you task force is not an agency but| task force is not an agency but rather a broad grouping of other agencies like the fbi, the doj prosecutors, us marshals and so on and so forth and they will work in a cross border way where the french, british, german authorities are all going to work together with a common purpose and that is to finally, finally going after the
russian elites who are complicit and their family members. those that shared in the kremlin s corrupt games and stored wealth in yachts and cars will share in the pain of the measures. these are the most impactful sanctions the u.s. has taken. financial sanctions are just a part of the response. we are also unveiling an unprecedented set of export restrictions developed closely with japan, canada, new zealand, united states and taiwan. sweeping restrictions to impair putin s military capabilities and will deny exports across russia to sensitive cutting edge technology, primarily targeting russia s defense, aerospace and
these nato institutions as well as additional russian elites who are complacent in his hypocrisy. and their family members. those who have shared in the kremlin s corrupt games store their wealth on yachts and luxury condos and fancy cars, will now share and the pain of these measures. in terms of financial impact as i said, is the most impactful and significant sanctions the u.s. has ever taken. a financial sanctions are just one part of our response. we are also in feeling today an expansive unprecedented set of export restrictions developed historically close coordination with the european union, australia, japan, canada, new zealand, united kingdom, and taiwan. these new measures include sweeping restrictions on russian military users to impair his military capabilities i will deny experts across russia sensitive cutting-edge technology, primarily targeting
political elite. president joebtd announced a package of u.s. sanctions. it goes after russian banks, oligarchs and the military. it announces the strongest from other air kbras announcing new measures. anna stewart, we heard president biden talk about maximizing the long term effects. does this go far enough? let me ask you differently, what s not on the table? yes, banks. companies, oligarchs. incredible export restrictions. what s not here is exports is, sorry, sanctions on oil and gas companies, on wheat.
arms, training, and equipment and clandestine forces. diplomatic support is going to be in the cards. in terms of sanctions, i think we ve taken significant steps. there s more to go. we could sanction spur bank and vtb bank. other banks that are very critical to russian elites. to the russian governing state. once we engage in these export restrictions, probably about six months time, we ll degrade the russian industrial manufacturing capability, their high-tech capability. that s going to be a significant blow to the russian economy. so i think putin s going to have this fundamental choice. an economy in decline is going to do into steeper decline, then govern ukraine, which will be very bloody and difficult for