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U.S. President Joe Biden gives a speech on Jan. 5, 2024. (Hannah Beier/Bloomberg via Getty Images)
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Editor's note: This is a developing story.

U.S. President Joe Biden announced on Feb. 23 an additional package of sanctions against Russia ahead of the second anniversary of the full-scale invasion of Ukraine.

"Today, I am announcing more than 500 new sanctions against Russia for its ongoing war of conquest on Ukraine and for the death of Alexei Navalny, who was a courageous anti-corruption activist and (Russian President Vladimir) Putin’s fiercest opposition leader," Biden said in a statement published by the White House.

The new sanctions will target individuals connected to Russia's financial sector, the defense-industrial base, and procurement networks, as well as those involved in Navalny's imprisonment and sanctions evaders.

The U.S. is also imposing export restrictions on around 100 entities "for providing backdoor support for Russia’s war machine" and "taking action to further reduce Russia’s energy revenues," said Biden.

He did not provide more details on the sanctions package.

The European Union and the U.K. have also announced additional sanctions against Russia and entities in third countries that help Moscow circumvent previous restrictions and sustain its war machine.

‘Our reserves will run out:’ Ukrainian artillery sounds alarm on Western shell shortage
Hiding beneath sparse winter cover in a crude, muddy ditch, a great steel monster lies in wait for an opportunity to attack. Adorned on either side with painted plus signs, the gun’s huge barrel looks up at the sky over the Bakhmut front line, across which thousands

The U.S. is also expected to impose additional sanctions against Iran for its continued military cooperation with Moscow.  The White House has not yet confirmed reports on Iran's provision of ballistic missiles to Russia but promised a "swift and severe" response if the delivery takes place.

Biden called on the U.S. Congress to approve urgent aid to Ukraine that was delayed for months due to domestic political turmoil.

"Two years into this war, the people of Ukraine continue to fight with tremendous courage. But they are running out of ammunition. Ukraine needs more supplies from the United States to hold the line against Russia’s relentless attacks, which are enabled by arms and ammunition from Iran and North Korea," reads his statement.

After months of bipartisan negotiations, the Senate approved a $95 billion foreign aid bill that allocates $60 billion for Ukraine. Republican House Speaker Mike Johnson has thus far refused to put the bill to a vote in the House, instead calling recess until the end of the month.

Opinion: As an American in Avdiivka, what is Congress doing?
I am an American military veteran, callsign “Jackie,” and I am writing from Donbas in Ukraine. I am originally from Orange County, California. I served in the U.S. military for eight years, stationed in Colorado, South Korea, Iraq, Afghanistan, and Kuwait. I also worked as a contractor at the

Holdups in the U.S. assistance continue to put a strain on Ukraine's defense capabilities, contributing to the loss of the key front-line city of Avdiivka.

A U.S. delegation led by Senate Majority Leader Chuck Schumer arrived in Ukraine's western city of Lviv earlier on Feb. 23 to meet with President Volodymyr Zelensky. During his visit, Schumer reportedly plans to assure Zelensky that Congress will eventually approve the aid, restoring this crucial lifeline.

"Congress knows that by supporting this bill, we can strengthen security in Europe, strengthen our security at home, and stand up to Putin. Opposing this bill only plays into his hands," added Biden's statement.

"The failure to support Ukraine at this critical moment will not be forgotten. Now is the time for us to stand strong with Ukraine and stand united with our Allies and partners. Now is the time to prove that the United States stands up for freedom and bows down to no one."

10 years of war: A timeline of Russia’s decade-long aggression against Ukraine
Almost immediately following the end of the EuroMaidan Revolution in Ukraine in February 2014, Russia swiftly moved to annex and occupy the Crimean Peninsula. Within a couple of months, unrest erupted in eastern Ukraine followed by Russian-backed militias taking over administrative buildings. The…
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8:28 PM

FT: Russia may be gearing up for large-scale offensive against Ukraine.

Russian forces may be preparing for a large-scale offensive in late spring or summer, aiming to capture more land in Ukraine's partially-occupied Donetsk, Kherson, Luhansk and Zaporizhzhia oblasts, the Financial Times reported on April 13, citing unnamed Ukrainian and Western officials.
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