The United States says it will impose a fresh round of
sanctions on Russia over its invasion of Ukraine.
US President Joe Biden announced the sanctions in a speech
on Wednesday.
He said the sanctions would be introduced in close
coordination with partners in Europe and the other states of the G7 group.
The new sanctions include a ban on all new investments in
Russia, increased sanctions on two major financial institutions in Russia —
Sberbank and Alfa-Bank — as well as on major Russian state-owned enterprises,
and sanctions on Russian government officials and their family members —
including Putin’s adult children.
“We, along with our European allies, are adding the names to
the list of Russian elites and families we are sanctioning,” Biden said.
“Look, these oligarchs and their family members are not
allowed to hold on to their wealth in Europe or the United States and keep the
yachts worth hundreds of millions of dollars, luxury vacation homes, while
children in Ukraine are being killed, displaced from their homes every single
day.”
According to the White House, the U.S. has sanctioned
Putin’s two adult daughters named Mariya Putina and Katerina Tikhonova, Russian
foreign minister Sergey Lavrov’s wife and daughter, members of Russia’s
security council including Dmitry Medvedev, a former president and prime
minister and Prime Minister Mikhail Mishustin.
“These individuals
have enriched themselves at the expense of the Russian people. Some of them are
responsible for providing the support necessary to underpin Putin’s war on
Ukraine. This action cuts them off from the U.S. financial system and freezes
any assets they hold in the United States,” the White House said.
Biden will sign an executive order that includes a ban on
new investment in Russia by Americans from any location, intended to further
isolate Russia from the global economy.
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