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BREAKING: Biden Admin Launches ‘Mostly Symbolic’ Sanctions Against Putin, Report Says

Democrat President Joe Biden’s administration will sanction Russian President Vladimir Putin for invading Ukraine but the sanctions may amount to little more than just a slap on the wrist, according to a report.

“It is extremely rare for the U.S. to sanction a sitting world leader, and the Kremlin had previously said it would consider sanctions on Putin himself to be a de facto severing of relations between the U.S. and Russia,” Axios reported. “The move[s] reflect Moscow’s new pariah status but are mostly symbolic, as it’s unclear what assets Putin and [Foreign Minister Sergey] Lavrov actually hold in the West after years of escalating sanctions against Russia.”

White House Press Secretary Jen Psaki said on Friday that the sanctions would be released later in the day but confirmed that Putin and Lavrov would be banned from traveling to the United States.

Reuters reported that the European Union announced on Friday new sanctions on Putin in response to Russia’s invasion into Ukraine:

EU states agreed to freeze any European assets of Russian President Vladimir Putin and his foreign minister on Friday, as Ukraine’s leader pleaded for faster and more forceful sanctions to punish Russia’s invasion of his country.

The move against Putin and his top diplomat, Sergei Lavrov, came as envoys of the EU’s 27 member states agreed on a new wave of measures – their second this week – to hit Russia’s elite and thwart operations of 70% of the country’s banking system.

This is a breaking news story; refresh the page for updates. 

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