U.S. announces 500 new sanctions targeting Russia over Navalny death, Ukraine war

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.U.S. President Joe Biden speaks with Yulia Navalnaya and Dasha Navalnaya, the widow and daughter of Alexei Navalny, in San Francisco on Thursday.

"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. Many of the new U.S. 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.

The U.S. has been able to transfer more than $5 million of seized Russian assets to Europe in support of Ukraine's defence, officials said Thursday. But the process of justifying each confiscation of alleged illicit assets in court is a painstaking one by law, playing out over years. Putin has worked with Iran and others to blunt the impact of the international sanctions, and the International Monetary Fund reports Russia's economy growing at an unexpectedly healthy pace.

"We remain united in our determination to dent Russia's war machine and help Ukraine win its legitimate fight for self-defence," said EU foreign policy chief Josep Borrell.

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