The Biden administration announced almost 100 fresh sanctions on Russia’s elites, its financial institutions and its supply chains, in a major new effort to squeeze President Vladimir Putin’s war machine.
While most of those sanctioned were Russian companies and people, the new round of sanctions also hits targets including a Finland-based network that ships foreign electronics to Russia and two Turkish companies that are linked to shipments of equipment used to make drones and cruise missiles for the war in Ukraine.
The move is the latest bid by the Biden administration to cripple Putin’s ability to wage war in Ukraine by targeting both the companies that make the weapons and materiel sent to the front lines as well as those that boost the economy back home.
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