US to impose 500 new sanctions on Russia's ‘war machine’; indicts Russian businessmen
Hindustan TimesThe Treasury Department plans to impose more than 500 new sanctions on Russia and its war machine on Friday as the US vows to keep up its financial pressure on Moscow with the war entering its third gruelling year. The White House had promised major sanctions in response to the death last week of Russian President Vladimir Putin's most prominent critic, opposition leader Alexei Navalny, in an Arctic penal colony. Out of the Justice Department, the cases announced Thursday include charges unsealed in New York against sanctioned Russian banker Andrei Kostin and “two of his US-based facilitators.” The facilitators, Vadim Wolfson and Gannon Bond, were arrested Thursday. Michael Khoo, a co-director of the department's Task Force KleptoCapture, said on a call with reporters that the announcement was meant to send a message to Russian President Vladimir Putin that “we're not going away” and “we can play the long game as well" so long as the war continues. The United States has been able to transfer more than USD 5 million of seized Russian assets to Europe in support of Ukraine's defense, US officials said Thursday.