U.S., EU add sanctions on Russia for Ukraine war, Navalny’s death
LA TimesThe United States and the European Union are piling new sanctions on Russia on the eve of the second anniversary of its invasion of Ukraine and in retaliation for the death of noted Kremlin critic Alexei Navalny last week in an Arctic penal colony. The 27-nation bloc also said that it was targeting scores of Russian officials, including “members of the judiciary, local politicians and people responsible for the illegal deportation and military re-education of Ukrainian children.” “The American people and people around the world understand that the stakes of this fight extend far beyond Ukraine,” President Biden said in a statement announcing the sanctions. It was also hitting “Russia’s financial sector, defense industrial base, procurement networks and sanctions evaders across multiple continents,” Biden said. “We remain united in our determination to dent Russia’s war machine and help Ukraine win its legitimate fight for self-defense.” In all, 106 more officials and 88 “entities” — often companies, banks, government agencies or other organizations — have been added to the sanctions list, bringing the tally of those targeted to more than 2,000 people and entities, including Putin and his associates. “The oil price cap has effectively stopped working.” Treasury Deputy Secretary Wally Adeyemo, in previewing the new sanctions, told reporters that the U.S. and its allies will not lower the price cap; “rather what we’ll be doing is taking actions that will increase the cost” of Russia’s production of oil, he said.