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US announces more than 500 fresh sanctions against Russia

Boom RadioNG | February 23, 2024
Alexei Navalny

The United States has announced the unprecedented package of sanctions targeted at Russia to mark the second anniversary of Russia’s invasion of Ukraine and the death of Russian opposition leader, Alexei Navalny.

The more than 500 sanctions are targeted at individuals implicated in Navalny’s death, as well as the country’s financial, defense and energy sectors and entities on several continents that evade sanctions.

This was announced by the U.S. President, Joe Biden in a statement released on the eve of the two-year anniversary of the Feb. 24, 2022, invasion.

Alexei Navalny

Alexei Navalny

Biden said the United States would also impose new export restrictions on nearly 100 entities “for providing back-door support for Russia’s war machine.”

The US president said the measures would ensure Russian President Vladimir Putin “pays an even steeper price for his aggression abroad and repression at home.”

The Treasury Department said it was joining with the State Department in “the largest number of sanctions imposed since Russia’s full-scale invasion of Ukraine” as well as the department of Commerce as they add more than 90 companies to its Entity List.

Written by Boom RadioNG

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