Biden Intensifies Pressure on Russia with 500+ New Sanctions
President Biden's announcement of over 500 new sanctions signals intensified pressure on Moscow, marking the second year since Russia's involvement in Ukraine's conflict.
In a bid to ramp up pressure on Moscow, U.S. President Joe Biden declared on Friday the imposition of over 500 new sanctions targeting Russia, marking the 02 Years of its involvement in the conflict in Ukraine.
Biden underscored that the United States would also enforce new export limitations on nearly 100 entities for their assistance to Russia, alongside taking steps to further diminish Russia’s energy earnings.
The objective of these measures, Joe Biden emphasized, is to hold Russia accountable for its actions in the war and the demise of opposition figure Alexei Navalny. This move underscores Washington’s steadfast support for Ukraine, particularly as the nation grapples with acute shortages of ammunition amid prolonged delays in the disbursement of U.S. military assistance by Congress.
“These measures will ensure that Putin faces an even more severe consequence for his aggressive actions abroad and the suppression of dissent at home,” Biden stated regarding the sanctions.
The newly unveiled measures will target individuals linked to Navalny’s incarceration, as well as key sectors of Russia’s economy, including its financial industry, defense manufacturing, procurement networks, and those entities evading sanctions across various regions, according to Biden.
These sanctions constitute the latest in a series of punitive actions initiated by the United States and its allies in response to Russia’s invasion of Ukraine on February 24, 2022, resulting in significant casualties and extensive destruction.
“As we mark two years since the onset of this conflict, the Ukrainian people persist in their courageous struggle. However, their resources are depleting rapidly. Ukraine urgently requires additional support from the United States to withstand Russia’s relentless assaults, fueled by arms and ammunition from Iran and North Korea,” Biden stressed.
“It is imperative for the House of Representatives to pass the bipartisan national security supplemental bill promptly, before it becomes too late.”
