US Sanctions 500 Targets Connected to Russia
The opposition leader Alexey Navalny was killed in prison three years ago, and in retaliation, Moscow invaded Ukraine. The United States imposed sanctions on Russia over 500 Russian-affiliated targets.
Additionally, US President Joe Biden stated on Friday that Washington has taken steps to further cut Russia’s energy income and has placed additional export restrictions on almost 100 organisations for support of Russia.
The Russian financial system, its military industrial base, future energy production, evading sanctions, and officials thought to be involved in Navalny’s death are among the entities and sectors targeted, according to the Treasury and State departments.
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The measures, which target Russian businessmen, including the head of state-owned VTB Bank, Russia’s second-largest bank, are the largest single tranche of penalties since Russia invaded Ukraine on February 24, 2022. The announcement was made by the US Department of Justice on Thursday.
Regarding the penalties, Biden stated, “They will ensure Putin pays an even steeper price for his aggression abroad and repression at home.”
The White House announced last week that it was planning “major” punishments following the murder of Russian President Vladimir Putin’s main rival, Navalny, in an Arctic prison colony. last announcement prompted the additional economic restrictions.
After meeting with Navalny’s widow Yulia and daughter Dasha in California on Thursday, Biden declared that “sanctions against Putin, who is responsible for his death, will be announced tomorrow.”
The Kremlin has denied that Putin was the reason behind Navalny’s demise and has chastised the West for drawing conclusions before there was sufficient evidence to support them.
Wally Adeyemo, the deputy secretary of the US Treasury, said the Reuters news agency on Thursday that additional nations will join forces with the US to impose sanctions on Russia for its war on Ukraine.
“We’re going to announce hundreds of sanctions just in the United States tomorrow, but it’s crucial to take a broader view and recognise that other countries are also acting in this way,” Adeyemo stated.
Washington has been working with its partners in Europe to isolate Russia from the international economy.
On Friday, the European Union unveiled its thirteenth round of sanctions against Russia, prohibiting almost two hundred more organisations and people who are said to have been involved in the two-year conflict.
EU foreign policy leader Joseph Borrell declared, “Today, we are further tightening the restrictive measures against Russia’s military and defence sector.” “We are steadfast in our resolve to undermine Russia’s military apparatus and support Ukraine in triumphing in its just battle for self-defense.”
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Sanctions have been placed by the UK on six personnel in charge of the prison colony where Navalny passed away.
According to Wally Adeyemo, “the goal of sanctions and export controls is to slow down Russia and make it more difficult for them to fight their preferred war in Ukraine.”
Money previously allocated for Ukraine by the Biden administration has run out, and a request for further money to support Ukraine militarily is stalled in the Republican-controlled House of Representatives.
“But in the end, Congress must take action to give Ukraine the resources and weapons they need in order to expedite their progress and enable them to defend themselves.” Adeyemo mentioned
In an effort to obstruct Moscow’s use of technology and equipment to support its military, the US and its allies have also placed trade restrictions, frozen billions of dollars’ worth of assets held by the Russian central bank, and capped the price at which Russian crude oil could be traded on international markets. They haven’t, however, diminished Russia’s capacity for warfare.
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Putin asserted on Friday that four new supersonic nuclear-capable bombers had recently been delivered to the Air Force and that 95% of Russia’s strategic nuclear forces had been upgraded.
He also hailed the soldiers fighting in Ukraine as heroes who are fighting for “truth and justice” in a speech that was filmed to commemorate Russia’s annual Defender of the Fatherland Day, which honours the military services.