One year ago today, Russia launched its invasion of Ukraine, setting off a series of events that has global tensions at an all-time high.
The Biden Administration has certainly talked tough on Russia while rounding up as much aid as possible for Ukraine – as well as promising more – and there’s even a push now to start including more advanced military equipment.
Now, with the anniversary of that war’s beginning, the U.S. has announced more sanctions on Russia as part of its effort to deter the Russians from continuing it.
The sanctions will:
👉 Target actors tied to Russia’s defense, technology, energy, metals and mining industries
👉 Restrict exports to the country
👉 Raise tariffs on Russian productshttps://t.co/6xg0SHOBt1
— POLITICO (@politico) February 24, 2023
The Treasury and State departments will implement sweeping additional sanctions aimed at further degrading the Russian economy, the White House said in a news release. The new sanctions will target more than 200 individuals and entities — including both Russians and third-party actors across Europe — as well as Russian officials, proxy authorities illegitimately operating in Ukraine and a dozen Russian financial institutions.
“President Putin started this illegal war, and he has the power to end it,” Secretary of State Antony Blinken said in a statement Friday. “The United States stands strongly with Ukraine as it defends itself, and we will continue to do so until Ukraine’s sovereignty is respected and the people of Ukraine can shape their chosen, democratic future in freedom and peace.”
These new measures were announced in coordination with G7 leaders, all of whom met virtually on Thursday, and they also include additional economic support for Ukraine.
According to POLITICO, the group of leaders “increased its 2023 commitment of budget and economic support to Ukraine to $39 billion, and the U.S. plans to provide up to $250 million in additional emergency energy assistance to Ukraine to help strengthen its electrical grid.”
It is not likely that such sanctions will make Russia suddenly decide to call off its war, but the sanctions can hurt some of the war effort – as well as some of Putin’s supporters.