New sanctions on Russian financial institutions, as well Vladimir Putin’s adult daughters were imposed by the Joe Biden Administration. The US increasing economic pressure on Russia and President Putin came following horrific images from the Ukrainian city of Bucha.
“We are dramatically escalating the financial shock by imposing full blocking sanctions on Russia’s largest financial institution, Sberbank, and its largest private bank, Alfa Bank,” a senior administration official said to reporters.
Putin’s adult daughters Mariya Putina and Katerina Tikhonova, Foreign Minister Sergey Lavrov’s wife and daughter and members of Russia’s Security Council, among many others, are now on the growing list of sanctioned people.
“We believe that many of Putin’s assets are hidden with family members, and that’s why we’re targeting them,” said the official. Further sanctions on major Russian state-owned enterprises will be announced next by the Department of Treasury as well as other actions by G7 nations.
“There’s nothing less happening than major war crimes. Responsible nations have to come together to hold these perpetrators accountable,” Mr Biden said after the Bucha images went public.
