Biden announces more than 500 new sanctions on Russia after Navalny’s death

Source: Politico | February 23, 2024 | Jonathan Lemire

The new sanctions come as Russia’s invasion into Ukraine reaches two-year anniversary

President Joe Biden on Friday announced more than 500 new sanctions on Russia and its war machine in the largest tranche of penalties since Moscow’s invasion of Ukraine nearly two years ago.

Biden followed through on a promise to further punish Russian President Vladimir Putin one week after opposition leader Alexei Navalny died in a Siberian prison. The sanctions — as well as those added Friday by the European Union — come one day before the second anniversary of Putin’s invasion of Ukraine.

“The American people and people around the world understand that the stakes of this fight extend far beyond Ukraine,” Biden said in a statement announcing the sanctions. “If Putin does not pay the price for his death and destruction, he will keep going. And the costs to the United States — along with our NATO Allies and partners in Europe and around the world — will rise.”

The bulk of the sanctions, to be unveiled later Friday by the Treasury Department, were already in the works for the invasion anniversary, though a few were added this week to target those involved in Navalny’s death at an Arctic penal colony. Biden met Thursday with Navalny’s widow and daughter in San Francisco and praised her late husband’s bravery.

“Russia’s financial sector, defense industrial base, procurement networks and sanctions evaders across multiple continents,” Biden said. “They will ensure Putin pays an even steeper price for his aggression abroad and repression at home.”

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