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US imposes more sanctions on Russia over Ukraine war, Navalny death [Video]

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Oil and Gas Industry News

The United States on Friday imposed extensive sanctions against Russia, targeting more than 500 people and entities to mark the second anniversary of Moscow’s invasion of Ukraine and retaliate for the death of Russian opposition leader Alexei Navalny.

President Joe Biden said the measures aim to ensure Russian President Vladimir Putin “pays an even steeper price for his aggression abroad and repression at home.”

The sanctions targeted Russia’s Mir payment system, financial institutions and its military industrial base, sanctions evasion, future energy production and other areas. They also hit prison officials the U.S. says are linked to Navalny’s death.

“Doesn’t Washington realize that sanctions won’t take us down?” Russia’s ambassador to Washington, Anatoly Antonov, was quoted as saying on his embassy’s channel on the Telegram messaging app.

The Biden administration is seeking to continue supporting Ukraine as the country faces acute shortages of ammunition and the approval of more U.S. …

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