Good morning. The Biden administration, under pressure to deliver on a 2021 promise of “devastating” consequences if top Kremlin critic Alexei Navalny should die in Russian custody, released a raft of sanctions on Friday to punish Moscow that U.S. officials privately concede are likely to land a limited blow.

• Tied to anniversary: The latest move, which is also intended to mark the second anniversary of Russia’s invasion of Ukraine on Feb. 24, adds nearly 600 targets to U.S. sanction rosters, targeting major financial institutions, government officials, business executives, shipping companies and manufacturers.
   
• The intended effect: The Biden administration argues that such measures will over time strangle the Russian economy and defense industry, and hamper its ability to wage war on Ukraine, while naming and isolating officials complicit in human-rights abuses. A number of officials linked to the prison where Navalny died are also targeted, U.S. officials said.
   
• What it means: Yet this latest move against the Kremlin also demonstrates the limited options the Biden administration has to respond to the regime’s escalating aggression, which has also included the recent detention of a Russian-American citizen. 
   
• Limited impact? Some administration officials have privately played down the potential impact of the new measures, and indicated the package on the whole focuses mostly on eroding Moscow’s ability to sidestep existing sanctions and fund its war. Analysts also express doubt that the latest round will have much impact. 

For more: How Russia Dodged Sanctions, in Seven Charts

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U.A.E. removed from global watch list for money laundering, terrorism financing.

The United Arab Emirates has strengthened its anti-money-laundering and counterterrorist financing regime sufficiently to be removed from a list of countries requiring increased monitoring, according to a global financial watchdog.

The Financial Action Task Force on Friday removed the U.A.E. from its so-called “gray list” of jurisdictions, saying the country had taken significant steps to address concerns from a 2022 FATF action plan and demonstrated political support for further action.

Husband who eavesdropped on wife’s work calls pleads guilty to insider trading.

Interruptions from young children and the neighbor’s noisy yard work are just some of the perils of remote work. For Tyler Loudon, it led to federal regulators charging him with securities fraud.

What he did. The Houston resident pleaded guilty this week to insider trading after overhearing his wife, a former BP executive, discuss a planned acquisition while she was working from home.

How much he made. Loudon made $1.76 million trading shares based on the details he heard, according to charges filed Thursday by the Securities and Exchange Commission.

• A former Vitol commodities trader has been found guilty of charges stemming from schemes to bribe officials at state oil companies in Ecuador and Mexico, reports Risk & Compliance Journal's Richard Vanderford.
   
• The Federal Trade Commission filed an administrative complaint against tax-preparation service H&R Block, alleging the company used deceptive marketing and unfairly deleted consumers’ tax data.
   
• An influential congressman has suggested SpaceX is withholding satellite service in Taiwan potentially in violation of its obligations to the U.S. government.
   
• The Supreme Court this week confronts a clash of views about free-speech protections on the internet, in a pair of cases pitting such social-media giants as Meta and Google against the states of Texas and Florida over legislation curbing the platforms’ power to moderate users’ posts.
   
• A Manhattan jury on Friday ordered the National Rifle Association’s former longtime leader Wayne LaPierre to pay more than $4 million back to the gun-rights group for misspending its charitable funds.
   
• The FTX estate agreed to drop a lawsuit that sought to claw back at least $323.5 million from the original owners of the bankrupt cryptocurrency exchange’s European unit, WSJ Pro Bankruptcy reports (subscription required).
   
• Dartmouth College, Northwestern University, Rice University and Vanderbilt University agreed Friday to pay $166 million to settle a lawsuit that accused them and other schools of colluding to determine students’ financial-aid packages.

Ukrainian front-line troops defiant under pressure on war’s second anniversary.

Ukraine is marking the anniversary of Russia’s full-scale invasion with a mixture of defiance and trepidation, with a bill on further aid to Ukraine stuck in Congress and Russian forces pressing hard in several places along the front line.

Ongoing struggles. Russia also faces challenges and is losing masses of troops and equipment in suicidal assaults. Ukraine has had success striking high-value Russian targets, downing eight warplanes in recent days and, early Saturday, using explosive drones to damage a major steel factory in Russia that supplies the military, according to Ukrainian officials.

• Zelensky Says 31,000 Ukrainian Troops Killed in Two Years of War
• European Officials Push for U.S. Support of Ukraine
• The Challenge to U.S. Leadership on Ukraine Comes From Home

• Israeli Prime Minister Benjamin Netanyahu on Sunday said he won’t agree to a deal to free the remaining hostages held in Gaza until Hamas yields on its demands, and that Israel will press ahead with a campaign to defeat the militant group’s remaining battalions in the southernmost reaches of the strip.
   
• The U.S. and the United Kingdom conducted a series of strikes at 18 Houthi targets at eight different locations inside Yemen Saturday.
   
• AT&T said it will offer a billing credit to customers affected by last week’s network outage that knocked out service to subscribers nationwide.
   
• The U.S. is pushing Canada to impose visa requirements on Mexican visitors, aiming to stem a surge in illegal crossings at the northern border.
   
• China’s real-estate downturn is getting worse.
   
• An unusually warm winter and roaring U.S. output have pushed natural-gas prices to some of the lowest levels of the shale era. The plunge is weighing on gas producers, who are dialing back their drilling plans and pushing for more exports to relieve the domestic glut.

UnitedHealth Group reports cyber incident involving ‘suspected nation-state associated’ threat actor.

UnitedHealth Group suffered a cyber attack by a suspected nation-state-linked actor on Wednesday, with certain systems still offline.

The company disclosed in a regulatory filing Thursday that the cyber security threat actor had accessed some of its Change Healthcare IT systems. The company said it hasn’t determined whether the incident is reasonably likely to materially impact its financial condition or results of operations.

• Hospitals and Pharmacies Reeling After Change Healthcare Cyberattack

• The AI chip battle that Nvidia has dominated is already shifting to a new front—one that will be much larger but also more competitive.
   
• Donald Trump’s 20-point victory over Nikki Haley in South Carolina’s Republican primary demonstrates the powerful hold that Trump commands over his party’s voters.
   
• As Donald Trump’s real-estate empire comes under pressure from a $355 million civil-fraud verdict, one of its most recent sales looks particularly well timed.
   
• Meta employees offered suggestions to reduce risks of misuse of subscription accounts featuring minors. Meta took another approach and says its programs are well monitored.
   
• Elon Musk wants you offended.
   
• The amount of $100 bills in circulation has more than doubled in recent years, but they are hated by both cashiers and economists.

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