The Biden administration announced Friday that it will hit Russia with hundreds of new sanctions after the death of dissident Alexei Navalny, aiming to constrict the billions of dollars in energy revenue that have financed President Vladimir Putin’s war in Ukraine.
The United States will impose more than 500 new sanctions on Russian companies and individuals, according to a Treasury Department spokeswoman. The sanctions aim to hit Russian banks and suppliers of supply Russian industrial and munitions production.