'The world has watched in horror at all the unnecessary suffering inflicted upon Ukrainians.' King Charles pays tribute to Ukrainians' 'truly remarkable courage and resilience in the face of such human tragedy' as he marks one year of conflict in Ukraine.
The White House said the new sanctions target more than 200 people and companies in Russia and other countries around the world. The Biden administration will also target a dozen Russian financial institutions as well as Russian officials and will restrict U.S. companies from exporting products to around 90 companies in Russia and other countries, including China, according to the White House.
"These sanctions, export controls, and tariffs are part of our ongoing efforts to impose strong additional economic costs on Russia," the White House said."We will continue to work with our allies and partners to use all economic tools available to us to disrupt Russia’s ability to wage its war and degrade its economy over time."
U.S. President Joe Biden had declassified intelligence in the weeks prior that showed an attack on Ukraine's sovereignty was imminent. That intel was shared with allies, in an attempt to rally support and to stop the war, but the effort proved unsuccessful. The invasion began on Feb. 24, 2022.
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