The sanctions represent the largest single tranche of penalties since Russia invaded Ukraine on February 24, 2022, and come on the back of a series of new arrests and indictments announced by the US Department of Justice.
The new economic restrictions, set to be announced by the Department of State and the Treasury, will include key figures like the head of VTB Bank. The move follows the White House's preparation for significant penalties post-Navalny's demise.
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