US Imposes New Sanctions On Putin's Daughters And Top Russian Banks

The United States is sanctioning Putin’s daughters and Russia’s Sberbank as part of a new package of measures announced today.

The measures target Russian banks and elites, and include a ban on any American from investing in Russia.

The new sanctions will put full blocking sanctions in Russia’s Sberbank, which holds one-third of Russia’s total banking assets, and Alfabank, a senior US official told reporters. Energy transactions are blocked from these sanctions, the official said.

The United States is also sanctioning Russian President Vladimir Putin’s adult daughters, Russian Foreign Minister Sergei Lavrov’s wife and daughter, and members of Russia’s security council, the official said.

Americans are banned from investing in Russia, the official said, including through venture capital or mergers.

The US is “dramatically escalating” the financial shock on Russia by cutting off that country’s largest banks, the official said. Russians may be forced back into Soviet-style living standards from the 1980s, the official said.

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