Posted 12/22/2023, 2:12:00 PM
Biden Expands Russia Sanctions Ahead of Ukraine Invasion Anniversary
- Biden to sign executive order expanding sanctions on Russia's military industrial complex by threatening foreign banks that work with Moscow
- Aims to cut off Russia's ability to source materials for its military by holding banks accountable
- Seeks to close loopholes Russia uses to circumvent sanctions
- Will ban imports of certain Russian diamonds and seafood, even if processed in 3rd countries
- Comes ahead of 2-year anniversary of Russia's invasion of Ukraine as sanctions have failed to stop Moscow's war effort