US to impose sanctions on over 500 targets in Russia amid war with Ukraine
Kremlin hits back at Joe Biden with ‘Hollywood cowboy’ over ‘crazy SOB’ remark The US has targeted Russia's revenue and military-industrial complex. The Us and other allies of Ukraine had hoped to cripple and isolate Russia's economy with a succession of sanctions targeting its financial sector and sources of revenue, including oil sales.
But Putin has worked with Iran and others to blunt the impact of the international sanctions so that the International Monetary Fund reports Russia's economy growing at an unexpectedly healthy pace. Ukraine remains top agenda item for EU, says EU’s Sannino To reduce funding for the war while still ensuring supplies to the global market, a coalition involving the Group of Seven leading economies, the European Union, and Australia had set a price cap of $60 per barrel of Russian crude.
The latest sanctions come after Kremlin opposition leader Alexei Navalny died last week in an Arctic prison. US President Joe Biden earlier reaffirmed plans for sanctions, saying they would be "against Putin, who is responsible for his death." Joe Biden slams Donald Trump for comparing him to Alexei Navalny On Thursday, Biden said he had met privately in California with Navalny's widow and daughter.
Russian authorities announced on February 16 that Navalny, 47, had died suddenly in custody. Since then, a series of European governments also summoned Russian diplomats.Milestone Alert!
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