Joe Biden announces 500 sanctions on Russia for Ukraine war, Alexei Navalny death

The United States marked the second anniversary of Russia’s invasion of Ukraine with the announcement Friday of an unprecedented package of sanctions penalizing Moscow for its “war of conquest on Ukraine” and the death of opposition leader Alexei Navalny.

The more than 500 sanctions target 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, U.S. President Joe Biden said in a statement released on the eve of the two-year anniversary of the Feb. 24, 2022, invasion.

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.”

“We are taking action to further reduce Russia’s energy revenues. And I’ve directed my team to strengthen support for civil society, independent media and those who fight for democracy around the world,” he said.

Biden 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” targeting three Russian government officials in connection with Navalny’s death as well as more than “imposing additional costs for Russia’s repression, human rights abuses, and aggression against Ukraine” on more than 500 targets,

The Department of Commerce would also add more than 90 companies to its Entity List.

Among the sanctioned Russian targets are the National Payment Card System Joint Stock Company, a state-owned operator of Russia’s Mir National Payment System.

Iran’s Ministry of Defense and Armed Forces Logistics, which Treasury said is part of a network Russia uses to acquire drones, was sanctioned along with foreign financial institutions that help facilitate transactions for Russia’s military-industrial base.

The wide-ranging sanctions target Russian weapons production, manufacturing, machine tools, lubricants, coolants, industrial chemicals, semiconductor and electronics components, industrial automation, optics, military-industrial base information technology and Russia’s aerospace sector among other things.

The new sanctions include China and Serbia-based tech suppliers as well as Russian financial infrastructure including Russia-based investment and venture capital firms.

https://www.breitbart.com/news/biden-announces-more-than-500-sanctions-on-russia-for-ukraine-war-navalny-death/