Biden announces sweeping new sanctions against Russia one year into Ukraine war

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Biden announces sweeping new sanctions against Russia one year into Ukraine war
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President Joe Biden's new sanctions against Russia will target 'key sectors that generate revenue for Putin,' the White House said.

The White House said Friday the United States will impose sanctions on 200 individuals and entities, which include both Russian as well as third-country actors in Europe, Asia and the Middle East that are supporting Russia's war efforts. A dozen Russian financial institutions will also be targeted.

In addition, the Department of Commerce will take several export control actions against nearly 90 Russian and third country companies, including in China, for sanction evasion. Biden will also sign proclamations Friday to raise tariffs on more than 100 Russian metals, minerals and chemical products.

During his unannounced visit to Kyiv on Monday, Biden pledged an additional $460 million in security assistance to the former Soviet ally but has resisted Zelenskyy's request for F-16 fighter jets.Takeaways Resilience among allies was a major theme of Biden's speech Wednesday in Warsaw, commemorating the one-year mark of a war that has no end in sight.

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