U.S. steps up enforcement of its long list of sanctions on Russia

The goal of the second phase is to cut off access to revenue and imports, although Europe continues to buy from Russia, administration officials say Plenty of oil and gas, but President Vladimir Putin needs to prosecute the war. That means targeting foreign banks and cryptocurrency platforms that help Russia maintain the use of international currencies, taking over the bank accounts and corporate assets of blacklisted oligarchs, and punishing foreign companies caught exporting regulated goods to the country.