President Joe Biden will be signing an executive order blocking any new investments in Russia by Americans, White House economics adviser Brian Deese told reporters Wednesday.
“We will prohibit all inbound investment in the Russian Federation by any U.S. person. So, we have seen an overwhelming move by companies to take actions on their own to pull out of Russia and end investment in Russia,” Deese, director of the National Economic Council, said.
He said the new order would bar investment by domestic companies in their own facilities in Russia or in new companies through mergers or venture capital.
