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Updated: May 23, 2025
While this invasion continues, we and the other nations of the world cannot conduct business as usual with the Soviet Union. That's why the United States has imposed stiff economic penalties on the Soviet Union. I will not issue any permits for Soviet ships to fish in the coastal waters of the United States. I've cut Soviet access to high-technology equipment and to agricultural products.
Commercial technology and products are turning over on ever shortening cycles. Performance, especially in high-technology products, is improving and costs are being driven downwards. Sadly, the opposite trends are still found in the defense sector, where cost is high and will create even tougher choices among competing programs, especially as the budget shrinks.
While this invasion continues, we and the other nations of the world cannot conduct business as usual with the Soviet Union. That's why the United States has imposed stiff economic penalties on the Soviet Union. I will not issue any permits for Soviet ships to fish in the coastal waters of the United States. I've cut Soviet access to high-technology equipment and to agricultural products.
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