New Sanctions To Target Russian Energy Revenue And Sanctions Evasion

The US will today unveil details of a new Russia sanctions package to mark the two-year anniversary of Russia's invasion of Ukraine and punish Moscow for the death of opposition figure Alexei Navalny.

• President Biden said in a statement that, "more than 500 new sanctions" will target, "individuals connected to Navalny’s imprisonment," [and] "Russia’s financial sector, defense industrial base, procurement networks and sanctions evaders across multiple continents," and, "further reduce Russia’s energy revenues.”
• Undersecretary of State Victoria Nuland said export controls, "will get significantly tighter in the coming days....”
• Nuland: “...we have helped Ukraine destroy 50% of Russia’s ground combat power and 20% of its vaunted Black Sea Fleet. Ukraine has taken off the battlefield 21 naval ships, 102 Russian aircraft, and 2,700 Russian tanks.”
• 12:30 ET 17:30 GMT: Deputy Treasury Secretary Wally Adeyemo will deliver remarks on, “the U.S.-led international coalition’s strategy to hold Russia accountable, and the work ahead.” LIVESTREAM
• Senate Majority Leader Chuck Schumer (D-NY) arrived in Kyiv this morning to reassure Ukraine that they have America’s support and increase pressure on House Speaker Mike Johnson (R-LA) to allow a vote on the USD$95 billion foreign aid package.
• Asked by WaPo if Kyiv is in danger of losing the war, Schumer said: “Yes. Zelensky has told us that, but now we have much more proof that that is possible...”
• Johnson (R-LA) appears unwilling to consider the foreign aid bill and, with the House on recess, and facing a partial government shutdown next week, it is difficult to envision a vote in the near-term.