The 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 US Treasury, State Department and Commerce Department plan on Friday, February 23, to impose roughly 600 new sanctions on Russia and its war machine in the largest single tranche of penalties since Russia's invasion of Ukraine on February 24, 2022. They come on the heels of a series of new arrests and indictments announced by the Justice Department on Thursday that target Russian businessmen, including the head of Russia's second-largest bank, and their middlemen in five separate federal cases.
The European Union announced Friday that it is imposing sanctions on several foreign companies over allegations that they have exported dual-use goods to Russia that could be used in its war against Ukraine. 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 Joe Biden said in a statement announcing the sanctions. "If Putin does not pay the price for his death and destruction, he will keep going. And the costs to the United States – along with our NATO Allies and partners in Europe and around the world – will rise."
While previous sanctions have increased costs for Russia's ability to fight in Ukraine, they appear to have done little so far to deter Putin's aggression or ambitions. The Biden administration is levying additional sanctions as House Republicans are blocking billions of dollars in additional aid to Ukraine.
Many of the new US sanctions announced Friday target Russian firms that contribute to the Kremlin's war effort – including drone and industrial chemical manufacturers and machine tool importers – as well as financial institutions, such as the state-owned operator of Russia's Mir National Payment System.
In response to Navalny's death, the State Department is designating three Russian officials the US says are connected to his death, including the deputy director of Russia's Federal Penitentiary Service, who was promoted by Putin to the rank of colonel general on Monday, three days after Navalny died. The sanctions would bar the officials from traveling to the US and block access to US-owned property. It is unclear, however, how many of the sanctioned officials travel to or have assets or family in the West. If they do not, the sanctions may be largely symbolic.
The US also will impose visa restrictions on Russian authorities it says are involved in the kidnapping and confinement of Ukrainian children. In addition, 26 third-country people and firms from across China, Serbia, the United Arab Emirates, and Liechtenstein are listed for sanctions, for assisting Russia in evading existing financial penalties.
The Russian foreign ministry said the EU sanctions are "illegal" and undermine "the international legal prerogatives of the UN Security Council." In response, the ministry is banning some EU citizens from entering the country because they have provided military assistance to Ukraine. It did not immediately address the US sanctions.
The US specifically was to target individuals associated with Navalny's imprisonment a day after Biden met with the opposition leader's widow and daughter in California. It was also hitting "Russia's financial sector, defense industrial base, procurement networks and sanctions evaders across multiple continents," Biden said. "They will ensure Putin pays an even steeper price for his aggression abroad and repression at home."
The EU asset freezes and travel bans constitute the 13th package of measures imposed by the bloc against people and organizations it suspects of undermining the sovereignty and territorial integrity of Ukraine.
"Today, we are further tightening the restrictive measures against Russia's military and defense sector," EU foreign policy chief Josep Borrell 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 bloc's sanctions list, bringing the tally of those targeted to more than 2,000 people and entities, including Russian President Vladimir Putin and his associates.