US officials are painting an increasingly dire portrait of Russia’s economic future under the weight of sanctions imposed by the US and EU in response to Vladimir Putin’s invasion of Ukraine.
On Wednesday, the Biden administration unveiled yet another round of financial penalties to be levied against Moscow, which President Joe Biden said would “ratchet up the pain” on Mr Putin, including sanctions against his two adult daughters, the family of Russian Foreign Minister Sergei Lavrov, and members of Russia’s security council.
