President Joe Biden on Friday announced more than 500 new sanctions on Russia and its war machine in the largest tranche of penalties since Moscow’s invasion of Ukraine nearly two years ago.

Biden followed through on a promise to further punish Russian President Vladimir Putin one week after opposition leader Alexei Navalny died in a Siberian prison. The sanctions — as well as those added Friday by the European Union — come one day before the second anniversary of Putin’s invasion of Ukraine.

“The American people and people around the world understand that the stakes of this fight extend far beyond Ukraine,” Biden said in a statement announcing the sanctions. “If Putin does........

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