![]() Navalny’s imprisonment.Īs the war approaches its third year, the Biden administration has become increasingly reliant on using its financial tools to try to damage and isolate Russia’s economy. The president added that the sanctions were in response to Russia’s “ongoing war of conquest on Ukraine and for the death of Aleksey Navalny, who was a courageous anti-corruption activist and Putin’s fiercest opposition leader.” They will include new measures targeting Russia’s defense industrial base, its financial sector and people connected to Mr. “And the costs to the United States - along with our NATO allies and partners in Europe and around the world - will rise.” “If Putin does not pay the price for his death and destruction, he will keep going,” Mr. It is not clear which sectors or individuals the Biden administration plans to target, a crucial variable in the sanctions’ ultimate expansiveness and effectiveness. The new measures, which are set to be rolled out by the Treasury and State Departments on Friday morning, come after the White House signaled this week that it was preparing “major” penalties after the recent death of Mr. ![]() Navalny, the largest single package in a flurry of economic restrictions since the country’s invasion of Ukraine two years ago. President Biden announced on Friday that the United States would impose sanctions on more than 500 targets in its response to Russia over the death of the opposition leader Aleksei A.
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