The White House is imposing new sanctions on Russian oligarchs, targeting wealthy elites close to President Vladimir Putin in an attempt to level more pressure on Moscow and halt its attack on Ukraine.
The measures will bar a sweep of prominent Russian billionaires, business magnates, and Putin confidantes from the U.S. financial system, freezing their assets and property and blocking them from traveling to the United States. The crackdown will extend to their family members.
The action will make attempts to evade the pain of broader U.S. economic sanctions increasingly difficult for wealthy Russian elites by cutting off their access to other assets and dealing them a personal financial blow.Biden's press secretary said Thursday the goal is to ratchet up economic pain on people close to the Russian leader in an effort to shift his thinking.
Full blocking sanctions will target Nikolai Tokarev, the CEO of Transneft, a state-controlled oil pipeline transport company; his wife Galina; daughter Mayya; Putin’s press secretary Dmitry Peskov; billionaire mining executive Alisher Usmanov; construction magnates Boris and Arkady Rotenberg and their families; Rostec CEO Sergei Chemezov and his wife Yekaterina, his son Stanislav, and stepdaughter Anastasiya; former Russian Deputy Prime Minister Igor Shuvalov, his five companies, wife Olga, his...
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