"US Imposes 500 New Sanctions on Russia, Meets with Navalny Family"

1 min read
Source: The Associated Press
"US Imposes 500 New Sanctions on Russia, Meets with Navalny Family"
Photo: The Associated Press
TL;DR Summary

The US plans to impose over 500 new sanctions on Russia and its war machine, representing the largest single tranche of penalties since Russia’s invasion of Ukraine in 2022. The Treasury Department's move comes alongside a series of new arrests and indictments targeting Russian businessmen, including the head of Russia’s second-largest bank, and their middlemen in five separate federal cases. The Biden administration seeks to demonstrate unwavering support for Ukraine, with additional sanctions expected from the State Department. The Justice Department has also secured court orders for the restraint, seizure, and forfeiture of nearly $700 million in assets and has charged more than 70 people with violating sanctions and export controls.

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