Every asset they have in America will be frozen - President Biden announces sanctions on Russian banks that hold one trillion dollars in assets
The United States president, Joe Biden, has issued a presidential memorandum aimed at expanding protection of the rights of lesbian, gay, bisexual, transgender and queer and intersex (LGBTQI) people worldwide.
In the memo, he threatened” “swift and meaningful” responses, including financial sanctions against countries found guilty of human rights abuses of LGBTQI+ persons.
The Section 4 of the memo reads: The Department of State shall lead a standing group, with appropriate interagency representation, to help ensure the Federal Government’s swift and meaningful response to serious incidents that threaten the human rights of LGBTQI+ persons abroad.
When foreign governments move to restrict the rights of LGBTQI+ persons or fail to enforce legal protections in place, thereby contributing to a climate of intolerance, agencies engaged abroad shall consider appropriate responses, including using the full range of diplomatic and assistance tools and, as appropriate, financial sanctions, visa restrictions, and other actions.”
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