KEY POINTS
  • The Biden administration announced new economic sanctions on hundreds of Russian officials in response to the Kremlin's illegal annexation of four regions of Ukraine.
  • The newly sanctioned entities include shell companies formed specifically to evade previous sanctions on Russian military suppliers.
  • They also expand prior sanctions on top Kremlin officials to include their wives and children, a sign that officials believe the family sanctions are having an impact.
President Joe Biden speaks during the First State Democratic Dinner in Dover, Delaware.

WASHINGTON – The Biden administration announced new economic sanctions on hundreds of Russian officials and entities Friday in response to the Kremlin's illegal annexation of four regions of Ukraine.

"Make no mistake: these actions have no legitimacy," President Joe Biden said in a statement slamming Russian President Vladimir Putin's goal of recreating a Soviet-style Russian empire.