On March 8, President Joe Biden declared, in a speech announcing a ban on imports of Russian oil and gas, that these and other actions taken by the United States government “to inflict further pain on [Russia President Vladimir Putin]” would “cost us as well, in the United States.”
Since then, the US government’s economic sanctions on Russia — as well as spending, military training, intelligence sharing, and weapons transfers to attack the Russian military — have increased as the economic conditions in America have declined. Some of that economic decline is a result of the actions against Russia, as Biden suggested would be the case. Other parts of the decline have other causes.
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