The US Treasury Department on Friday is unveiling over 500 new sanctions on Russia and industries connected to war sector. It’s being hailed the single largest tranche of penalties slapped on Moscow since the war’s start. This included export restrictions imposed on nearly 100 firms or individuals.

Western officials and experts say the financial, economic, military and energy sanctions imposed on Russia since February 2022 have damaged Russia’s economy and arms-production capacity, and will create serious problems for the Kremlin in the coming years. But they acknowledge the restrictions have hit more slowly than they hoped.

The report further acknowledges the merely symbolic nature of the new sanctions: “U.S. officials privately concede that the new measures set to to be announced Friday are likely to land a limited blow.”

https://www.zerohedge.com/geopolitical/us-eu-pile-new-sanctions-russia-wsj-declares-punitive-measures-already-failed