US introduces large-scale sanctions package against Russia

The United States has imposed a significant sanctions package against Russia for its war against Ukraine and the death of Russian opposition figure Alexei Navalny.

US President Joe Biden announced over 500 new sanctions, Rubryka reports, citing the White House.

According to him, the sanctions will target individuals associated with Navalny's imprisonment, as well as the Russian financial sector, defense-industrial base, procurement networks, and individuals evading sanctions on multiple continents.

"They will ensure Putin pays an even steeper price for his aggression abroad and repression at home," he stressed.

The United States is also imposing new export restrictions on nearly 100 organizations for "providing covert support to the Russian military 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," Biden said.

As previously reported by Rubryka, on February 23, the European Union adopted the 13th sanctions package against Russia for its invasion of Ukraine.

What we know about the US sanctions against Russia

On February 8, the United States imposed new sanctions, including those related to the import of diamonds from Russia.

In December last year, the US government imposed sanctions against over 250 individuals and organizations in Russia and other countries associated with Russia's full-scale invasion of Ukraine, as well as assisting the Russian side in circumventing previously imposed restrictions.

Also, the United States imposed new sanctions against suppliers of military technology to Russia. In particular, over 30 individuals and nearly 200 legal entities fell under the restrictions.

The United States government announced a new sanctions package against two dozen individuals and organizations in Iran and other countries that provided financial support to the Iranian regime, including its military machine.