Biden: 500 New Sanctions On Russia After Navalny Death

by Jacob Fischler, Oregon Capital Chronicle
February 23, 2024

The Biden administration will impose a new round of economic sanctions targeting Russian fuel exports and military-industry imports, the Treasury Department announced Friday.

Coming one week after Russian opposition leader Alexei Navalny died in the custody of Russian President Vladimir Putin’s government and one day short of the two-year anniversary of the country’s invasion of Ukraine, the more than 500 new sanctions include targets inside and outside of Russia and are meant to disrupt Putin’s ability to fund and wage war.

“Our sanctions have two goals,” Deputy Treasury Secretary Wally Adeyemo said Friday. “Reduce the revenues the Kremlin has to fuel its war of choice, and disrupt Russia’s ability to get the goods it needs to build the weapons the Kremlin wants.”

The sanctions were designed to “crack down” on Russia’s efforts to evade existing measures to disrupt the export of Russian energy, Adeyemo said in an appearance Friday at the Council on Foreign Relations, according to a department transcript.

Russia has spent considerable resources to avoid previous sanctions, Adeyemo said. Those efforts take away from what Russia can commit to the battlefield, he added.

Other targets

Friday’s sanctions also target third-country individuals and entities that provide Russia with weapons and other tools of war.

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