New U.S. Russia Sanctions To Target Banks, Weapons Components

U.S. Deputy Secretary of State for Political Affairs Victoria Nuland (file photo)

Senior U.S. diplomat Victoria Nuland said on February 22 that the United States will impose "a crushing new package of sanctions" against Russia to mark the second anniversary of its full-scale invasion of Ukraine and respond to the death of Russian opposition leader Aleksei Navalny. Nuland said most of the sanctions will hit "Putin's war machine" and close gaps in existing sanctions regimes. They also will target countries that help Russia evade existing sanctions and banks that allow sanctions evasion.