US targets Russia with more than 500 new sanctions

by Staff Writer 24-02-2024 | 8:55 AM

The US has announced more than 500 new sanctions against Russia over its invasion of Ukraine and the death of opposition leader Alexei Navalny.

The move includes measures against Russia's main card payment system, financial and military institutions, and officials involved in Navalny's imprisonment.

The EU has also announced new sanctions on access to military technology.

The measures mark a week since Navalny suddenly died in an Arctic Circle jail.

US President Joe Biden, who met Navalny's widow and daughter in San Francisco on Thursday, has said there can be "no doubt" the Russian president was to blame for his death.

The newly-announced US measures also include nearly 100 firms and individuals which will also face export restrictions.

The sanctions are unlikely to have an impact on Russia's economy.

Reports suggest it is already the most sanctioned country in the world, and there are very few key entities or sectors that are not already subject to US and European restrictions.