US President Joe Biden signs executive order to prohibit new investment, trade in Ukraine breakaway regions

"Taking to Twitter, Biden said, "I have signed an Executive Order to deny Russia the chance to profit from its blatant violations of international law. We are continuing to closely consult with Allies and partners, including Ukraine, on the next steps."

Washington: US President Joe Biden on Monday (local time) signed an Executive Order that will prohibit all new investment, trade, and financing by US persons to, from, or in the "so-called Donetsk and Luhansk People`s Republics.

"Taking to Twitter, Biden said, "I have signed an Executive Order to deny Russia the chance to profit from its blatant violations of international law. We are continuing to closely consult with Allies and partners, including Ukraine, on the next steps."

The Prohibition order was signed by Biden saying that, "Russia`s commitments under the Minsk agreements further threatens the peace, stability, sovereignty, and territorial integrity of Ukraine, and thereby constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States."

The United States and Allies on Monday requested an urgent United Nations Security Council (UNSC) meeting on Ukraine to be held on Monday, a source told ANI.

Notably, Putin on Monday signed a decree recognizing the independence of breakaway regions Donetsk and Luhansk. Putin made this announcement during a televised address to Russians.