Joe Biden also urged Congress to approve aid to Ukraine.
The U.S. announced more than 500 new sanctions against Russia in response to its aggression against Ukraine and the assassination of opposition activist Alexei Navalny.
The US president said this on the eve of the anniversary of Russia’s invasion of Ukraine. In addition, the USA will impose export restrictions on nearly 100 organizations that provided covert support to the Russian military machine.
“These sanctions will target individuals associated with Navalny’s imprisonment, as well as Russia’s financial sector, defense industrial base, procurement networks and sanctions evaders on many continents. They will allow Putin to pay an even higher price for his aggression abroad and repression at home,” the U.S. president said.
Washington is taking steps to further reduce Russia’s revenues from energy exports. In addition, he instructed the team to increase support for civil society, independent media, and those fighting for democracy around the world.
Biden also recalled ammunition shortages in the Ukrainian military, while Russia continues to receive arms and ammunition from countries such as Iran and North Korea.
He again urged the House of Representatives to pass a bipartisan bill on additional national security measures “before it is too late.”
