Sunday, January 29

US will announce sanctions on over 300 members of the Russian Duma, Biden administration official says

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The United States on Thursday will announce new sanctions against over 300 members of the Russian Duma and more than 40 Russian defense companies, a senior administration official told reporters.

The official added that the EU and G7 will also announce a new sanctions evasion initiative that’s “designed to prevent circumvention or backfilling” of sanctions.

Asked by CNN’s Phil Mattingly for examples of the sanctions evasion initiative, a senior administration official said, in part, it will blunt the Central Bank of Russia’s ability to deploy international reserves by making clear that any transaction involving gold is prohibited — which prevents the ruble from being propped up.

“The overall message here is we have taken historic steps in imposing costs on Russia, now let’s make sure we are fully aligned and getting the maximum impact from the measures we have implemented,” the official said.

Asked about the expected joint energy strategy that is expected to be announced Friday, administration officials wouldn’t go into detail but said “it’s something we’ve been working on for some time and I think it’s going to be a meaningful step forward in terms of accelerating Europe’s diversification away from Russian gas.”

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