President Biden announced on Friday that the U.S. will impose over 500 new sanctions against Russia, in response to the full-scale invasion of Ukraine ordered two years ago by Russian President Vladimir Putin and the recent death of Russian opposition figure Alexei Navalny. Biden emphasized that the costs to the U.S., NATO allies, and global partners would escalate without significant repercussions for Putin’s actions. The sanctions aim to undermine Russia’s war capabilities by targeting its financial sector, defense industrial base, procurement networks, and those evading sanctions across continents.
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