President Joe Biden sought to show his determination to stand up to Russia in announcing fresh sanctions on Friday, but his resolve only went so far over concerns that the toughest measures left in the US arsenal risk roiling the global economy.

A 200-page list of targets based in Russia, the United Arab Emirates, China and other nations was the biggest single-day package of financial punishment since Russia invaded Ukraine two years ago. Just as notable, though, were companies and sectors missing from the expansive list: the metals sector, more energy-related punishments, and secondary sanctions on banks.

That caution reflected how for all of Biden’s talk about the sanctions, his team is still unwilling to go after revenue streams that experts argue would really cripple Russia’s economy, for fear of setting off broad shocks that could rebound on the US economy.

Possible targets for a more aggressive approach could include the foreign banks that help Russia procure the technology and materials it needs to continue the war, as well as the trade in enriched uranium and metals such as aluminum and nickel. The US could also potentially seize – and distribute – frozen Russian sovereign assets. All of those measures carry significant risks.

“To really affect Russia, we’re going to have to take more strategic actions that may have detrimental effects on the broader global economy,” said Kim Donovan, a former Treasury official and director of the economic statecraft initiative at the Atlantic Council. “We’re going to have to start making more difficult decisions and accept the impact that goes along with those decisions.”

Indeed, the list Friday was filled with names of people and entities that have already been sanctioned or have limited links to the US financial system, reducing their impact. There was the warden of the prison where Russian dissident Alexey Navalny died this month and the deputy director of the Federal Penitentiary Service. Also targeted was a Russian shipbuilder that helped produce 15 liquefied natural gas tankers.

In the meantime, what’s still missing is the action Ukraine really wants: approval of $60 billion in fresh armaments and munitions. Biden’s request for that money is tied up in the House of Representatives.

The Ukrainians appeared to agree. Mykhailo Podolyak, an adviser to President Volodymyr Zelenskiy, said the only western action that would really scare President Vladimir Putin is providing more weapons.

“Lots of weapons,” Podolyak said in a post on X, formerly known as Twitter. “A really big amount of weapons for Ukraine. Long-range, anti-missile, anti-marine weapons. The rest is a fiction, delayed awareness, chronicling of the process, prolongation of the war, a dangerous illusion that it is possible to ‘sit out.'”

The sanctions come at a precarious time for the Ukrainian government. A counteroffensive mounted last year failed to meaningfully shift the battle lines and the Russian military recently captured Avdiivka, a bitter symbolic defeat. Meanwhile, Washington continues to dither on additional aid, with a supplemental spending package passed by the Senate stalled out in the House.

Senate Majority Leader Chuck Schumer is visiting Kyiv this weekend to reassure Ukrainians that something will be done but Congress has its plate full over the next few weeks with a government shutdown fight looming large on the calendar. The 2024 US presidential election hasn’t helped matters, with Biden pitching Ukraine aid as necessary to protect against the spread of autocracy and former President Donald Trump opposing it as inconsistent with his America First platform.

As for the Russian economy, it continues to chug along despite the sanctions.

“The latest announcements mark only an incremental tightening of the sanctions regime and we still estimate that Russia’s economy will expand by around 1% to 1.5% in 2024,” Alexander Isakov, Russia economist at Bloomberg Economics, wrote in a note.

Further complicating matters is the fact that Russia has willing partners in China, Brazil and other countries that continue to purchase its oil and ship it supplies. While those countries still account for less than half of global GDP, they represent a growing share, according to Bloomberg Economics.

“It seems that the west is not quite ready to pull the type of levers that would really make a big difference for Russia’s economy,” said Eddie Fishman, a senior research scholar at Columbia University’s Center for Global Energy Policy. “Namely aggressively targeting its energy revenues, its oil revenues, and imposing secondary sanctions on banks that are helping Russia access the international financial system.”

US officials suggested there would be more to come. In an interview with Bloomberg Television on Friday, Deputy Treasury Secretary Wally Adeyemo said the US is exploring options to use $300 billion in Russian state assets to help pay for Ukraine’s reconstruction.

“We’re looking for ways to unlock the economic value of those reserves for the Ukrainian people,” Adeyemo said.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

India has sought a review of the US court judgment that dropped criminal charges against a Seattle police officer who killed 23-year-old Indian student Jaahnavi Kandula. The prosecutor said she could not pursue criminal charges against the officer due to “lack of sufficient evidence”.

Ms Kandula, a Master’s student from Andhra Pradesh, was hit by Seattle police officer Kevin Dave’s speeding car on January 23 last year while he was responding to a drug overdose call. The 23-year-old was flung 100 feet after the police vehicle hit her at nearly 120 kmph.

Bodycam footage showed Officer Dave‘s colleague Daniel Auderer laughing about the deadly crash, assuring him that he won’t be prosecuted for the death as Ms Kandula was “26 anyway” and “had limited value”.

The Indian embassy said its working to ensure justice to her family and is now waiting for Seattle police to complete its investigation.

On the recently released investigation report of the King County Prosecution Attorney on the unfortunate death of Jaahnavi Kandula, Consulate has been in regular touch with the designated family representatives and will continue to extend all possible support in ensuring justice…

— India In Seattle (@IndiainSeattle) February 23, 2024

“On the recently released investigation report of the King County Prosecution Attorney on the unfortunate death of Jaahnavi Kandula, Consulate has been in regular touch with the designated family representatives and will continue to extend all possible support in ensuring justice for Jaahnavi and her family. We have also raised the matter strongly with local authorities, including Seattle Police for appropriate redress. The case has now been referred to Seattle City Attorney’s office for review. We await completion of Seattle Police’s administrative investigation and will continue to monitor progress on the case,” the embassy said in a statement.

On Friday, the King County Prosecuting Attorney Leesa Manion, while expressing concern about Officer Auderer’s “appalling and deeply troubling” comments, said they do not alter the legal analysis of Officer Dave’s conduct. Prosecutors said that they did not have “sufficient evidence” to prove Officer Dave showed a “conscious disregard for others’ safety.”

A Hyderabad-based video jockey was kidnapped by a businesswoman, who was determined to marry him after she came across an impersonator using his photo on a matrimonial website. The woman used a tracking device on his car to keep a watch on him and hired kidnappers to carry out the job, said police. She was arrested after the video jockey filed a complaint.

The woman, 31, ran a digital marketing business while the man worked as an anchor at a music channel.

Two years ago, she came across a profile on Bharat Matrimony that used the VJ’s photos and started chatting with him. On realizing it was not a genuine account, she reached out to the VJ separately via an instant messaging app.

He told her it was a fake account that someone had created using his photo and that he had lodged a police complaint. She, however, continued messaging him, which led him to block her number, police said.

The saga could have ended her, but the woman was determined to marry the video jockey.

Believing she could sort it out, she planned to kidnap him and hired four men for this job, police said. She also fitted an AirTag to his car to monitor his movements.

The VJ was kidnapped on February 11. They thrashed him and took him to the woman’s office. She let him go only after he agreed to respond to her calls, police said.

Once freed, he went straight to the Uppal police station and filed a complaint, leading to the arrest of the woman and the four kidnappers.