1/ The U.S. and its allies imposed new sanctions on more than 400 Russian individuals and entities, including lawmakers, and defense companies. Biden said that while “sanctions never deter,” the “the maintenance of sanctions, the increasing the pain” on Putin is “what will stop him.” Administration officials said the sanctions in response to Russia’s invasion of Ukraine have taken a severe toll on Russia’s economy so far. Forecasts project that the Russian economy will contract by 15% this year, wiping out 15 years of economic gains. (New York Times / Washington Post / Reuters / CNN)
This is a companion discussion topic for the original entry at https://whatthefuckjusthappenedtoday.com/2022/03/24/day-429/