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Free AccessWH: New Sanctions To Target "Sources Of Revenue For Russian Economy"
White House National Security Advisor Jake Sullivan has told reporters that a new package of Russia sanctions, expected to come on Friday in response to the death of Russian opposition figure Alexei Navalny, will target, "a range of different elements of the Russian defense industrial base and sources of revenue for the Russian economy that power Russia's war machine."
- Sullivan added that the sanctions package will focus on a, "significant range of targets that we have worked persistently and diligently to identify to continue to impose costs for what Russia has done to Navalny and for what it's done to Ukraine."
- US State Department spokesperson Matthew Miller told reporters moments ago that the "weakness and rot at the heart of the [Russian] system that Putin has built was confirmed, not only by Alexei Navalny's death last week, but also by the fact that Russia detained close to 400 people over the weekend just for mourning his passing."
- Miller says that the fall on Adviika on Saturday illustrates what is at stake in Ukraine: "Without more support from Congress, Ukraine will not be able to replenish its air defences and ammunition supplies..."
- Miller confirms that the "major sanctions package" will be unveiled on Friday and "renews a call" for Congress to pass the USD$95 billion national security supplemental package which is stalled in the House of Representatives: "It is critical that Congress act without further delay."
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.