By James Meyers
President Joe Biden announced that he is imposing over 500 sanctions against Russia in response to the death of Russian opposition figure Alexei Navalny and the ongoing war in Ukraine.
Biden said in the announcement on Friday, “If Putin does not pay the price for his death and destruction, he will keep going,” Biden said in a statement. “And the costs to the United States—along with our NATO Allies and partners in Europe and around the world—will rise.”
President Biden: "I'm announcing more than 500 new sanctions in response to Putin's brutal war of conquest and response to Alexei Navalny's death…We in the U.S. are going to continue to ensure that Putin pays the price for his aggression abroad and repression at home." pic.twitter.com/PjGm7P15hg
— CSPAN (@cspan) February 23, 2024
The sanctions will include targeting individuals who are connected to Navalny’s imprisonment, and it will also target Russia’s financial department, defense industrial base, and procurement networks.
Additionally, the U.S. is imposing 100 new export restrictions, which blocks the shipment of items to Russia in a warning to any exporters that they will face American sanctions for sending goods to Russia.
Biden explained further that the sanctions will target Russia’s energy profits, and that the U.S. will “strengthen support for civil society, independent media, and those who fight for democracy around the world.”
A handful of political analysts are claiming that the president will be utilizing the sanctions in order to urge Republican officials to pass the $95 billion national security supplemental, which includes over $60 billion in funding for Ukraine…
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