The United States plans to impose sanctions on more than 500 targets on Friday in its response to Russia over the death of the opposition leader Aleksei A. Navalny, the largest single package in a flurry of economic restrictions since the country's invasion of Ukraine two years ago.
As the war approaches its third year, the Biden administration has become increasingly reliant on using its financial tools to try to damage and isolate Russia's economy. It has worked with allies from the Group of 7 nations to cap the price at which Russian oil can be sold on global markets, frozen hundreds of billions of dollars of Russian central bank assets, and enacted trade restrictions to try to block the flow of technology and equipment that Russia uses to supply its military.
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