U.S. Targets Putin's Daughters, Russian Banks In New Sanctions
Newsy
President Joe Biden called the latest round of sanctions "devastating," saying they were a consequence of Russia's recent actions in Bucha, Ukraine.
The United States on Wednesday announced sanctions targeting Russian President Vladimir Putin's two adult daughters and said it was toughening penalties against Russian banks in retaliation for "war crimes" in Ukraine.
The United Kingdom and the European Union were set to take additional steps, including a ban on new investment in Russian and an EU embargo on coal, after the recent evidence of atrocities that has emerged in the wake of the retreat by Russian forces from areas around Kyiv, including the town of Bucha.
The U.S. acted against two of Russia's largest banks, Sberbank and Alfa Bank, prohibiting assets from going through the U.S. financial system and barring Americans from doing business with those two institutions.
