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Biden announces more than 500 sanctions on Russia after Navalny's death (www.nbcnews.com)

submitted 10 months ago by MicroWave to c/worldnews

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The sanctions target those connected to opposition leader Alexei Navalny's imprisonment, as well as Russia’s financial sector, defense industrial base and procurement networks.

President Joe Biden on Friday announced more than 500 new sanctions on Russia over its war in Ukraine and the death of Russian opposition leader Alexei Navalny last week in prison.

Biden said the sanctions would target those connected to Navalny’s imprisonment, as well as Russia’s financial sector, defense industrial base, procurement networks and sanctions evaders across several continents.

“They will ensure Putin pays an even steeper price for his aggression abroad and repression at home," Biden said in a statement about the sanctions. He noted the action is timed with the two-year anniversary of Russia's invasion of Ukraine.

The U.S. is also imposing export restrictions on almost 100 entities that support Russia’s military efforts and taking action to reduce Russia's energy revenues, Biden said.

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[–] LufyCZ 25 points 10 months ago (1 children)

Going all out in the beginning can backfire, there's a lot you have to think about. A couple things that come to mind:

You lose leverage, the threat of more sanctions goes away if there's no way to add more sanctions
There's a possible threat to American businesses who at least partly benefit from trade with Russia. Gotta think of how it impacts US citizens as well
You don't want to sanction people who haven't done anything wrong (yet), since it disincentivises being "good". Why bother doing the right thing if you're getting punished regardless?

[–] SkyezOpen 6 points 10 months ago (1 children)

We sanctioned them for invading Ukraine. They responded by... Still invading Ukraine for 2 years. Saying "Hey knock it off" isn't working.

[–] mipadaitu 6 points 10 months ago

Then we increased sanctions, then we started sending weapons and other support to Ukraine, and did hundreds of other actions that were all slowly escalating consequences.

Russia is absolutely feeling an economic hit from this, but they also anticipated the blowback and prepared for it. We're fighting a long fight, and someone is going to give in eventually, we can only hope that it's Russia, and soon.