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WASHINGTON — President Joe Biden plans to announce sweeping new sanctions Friday against Russia on the one-year anniversary of Russian President Vladimir Putin’s invasion of Ukraine

White House press secretary Karine Jean-Pierre said the measures  will target “key sectors that generate revenue for Putin,” additional Russian banks, Russia’s defense technology industry and actors in third-party countries attempting to evade U.S. sanctions. 

The moves come as Biden is scheduled to meet virtually with Ukrainian President Volodymyr Zelenskyy and leaders of the Group of Seven nations to coordinate assistance efforts.

The latest

  • Friday’s meeting among G-7 nations will be the first since Putin announced he was suspending Moscow’s participation in New START, a strategic nuclear arms reduction treaty, following Biden’s surprise visit to Ukraine.
  • Biden called Putin’s New START decision “a big mistake.” 
  • Biden will also announce additional economic, energy and security assistance to help Ukraine’s military efforts against Russia, Jean-Pierre said. 
  •  During his unannounced visit to Kyiv on Monday, Biden pledged an additional $460 million in security assistance to the former Soviet ally but has resisted Zelenskyy’s request for F-16 fighter jets.

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More: Biden calls Putin’s New START suspension a ‘big mistake.’ What is the nuclear arms treaty?

Takeaways 

Through new sanctions and assistance, Biden is out to show that the U.S. and allies will  stand with Ukraine for as long as it takes.

Resilience among allies was a major theme of Biden’s speech Wednesday in Warsaw, commemorating the one-year mark of a war that has no end in sight.

“Putin no longer doubts the strength of our coalition,” Biden said. “But he still doubts our conviction. He doubts our staying power. He doubts our continued support for Ukraine.”

Biden said Putin “was wrong” in assuming Ukraine would quickly collapse and NATO would fracture. Now, he wants to prove Putin wrong again by demonstrating sustained economic and military support.

Want to know more? Here’s what you missed

‘Big mistake’: Biden calls Putin’s New START suspension a ‘big mistake.’ What is the nuclear arms treaty?

‘It’s hard, but they’re holding on’: On the ground in Ukraine, the war depends on U.S. weapons

‘Kyiv stands strong’: Biden declares Putin ‘was wrong,’ marking one year of Russia’s war in Ukraine

Biden’s surprise: How President Biden pulled off a secret trip to Ukraine one year into Russia’s war

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More: Putin suspends nuclear arms treaty as US-Russia tensions build amid Ukraine war anniversary


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