Furthermore, the sanctions on Russia are far from the most extreme any nation has faced, as the EU is still too dependent on Russian energy for a complete break.

Georgia was the poster child of post-Soviet countries on their way to democracy and freedom. US lawmakers hope a bill will help combat democratic backsliding.

Ukraine is open to negotiations for a just peace, but the key to a ceasefire lies in applying pressure on Russia through sanctions and international diplomacy. — Ukrinform.

The sanctions are clear, powerful, and multi-stage. The Biden administration’s extensive sanction proposals were developed in coordination with Senate Foreign Relations Committee Chair Bob Menendez of New Jersey, a Democrat. Menendez and his Senate colleagues developed bi-partisan legislation to impose sanctions that will damage the Russian economy deeply and quickly if Russia invades Ukraine.

The European Union hopes for a quick adoption of the 18th package of sanctions against Russia. Today, July 15, EU ministers will discuss new restrictions against Moscow, reports Tagesschau. A meeting of EU foreign ministers will be held in Brussels.

On October 14, the Department of Treasury, Commerce, and State issued a report detailing how American sanctions and export controls have severely limited Russia’s ability to wage its war in Ukraine.

Oil prices dropped by less than 1% on Tuesday after U.S. President Donald Trump's 50-day deadline for Russia to end the war in Ukraine and avoid sanctions eased concerns about any immediate supply disruption.

President Trump promised a major announcement on Russia, while more lawmakers are pushing for sanctions against the country amid continued strikes on Ukraine. CBS News' Natalie Brand and Charlie D'Agata have the latest.