U.S. imposes new sanctions on pro-Putin Russian oligarchs and their families over Ukraine invasion
US President Joe Biden delivers his State of the Union Address before lawmakers in the US Capitol in Washington, DC, U.S., March 1, 2022.
Jim Lo Scalzo | Reuters
The United States on Thursday announced a new round of sanctions targeting Russian oligarchs and their family members who are supporting Russian President Vladimir Putin as he wages war in Ukraine.
The new penalties include “full blocking sanctions” on at least eight so-called Russian elites and visa restrictions on 19 Russian oligarchs, their 47 family members and close associates, according to the Biden administration.
The administration said it is targeting the visas in an effort to “direct, authorize, fund, significantly support, or carry out malign activities in support of Russia’s destabilizing foreign policy.”
The Treasury Department will also designate “disinformation targets,” including seven Russian entities and 26 Russia- and Ukraine-based individuals, according to the White House.
“These individuals and their family members will be cut off from the U.S. financial system, their assets in the United States will be frozen and their property will be blocked from use,” the White House told reporters in a release announcing the sanctions.
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