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US sanctions Russia’s PM and Putin’s daughters

Citing “atrocities in Ukraine, including in Bucha,” the US on Wednesday rolled out new sanctions against the “Putin regime” and Russian banks, companies and government officials – as well as their family members.

Presiden Vladimir Putin’s daughters and Foreign Minister Sergey Lavrov’s wife and daughter were among the Russians listed in the latest round of “full blocking sanctions,” which the White House says intend to impose “severe and immediate costs” on Moscow. Prime Minister Mikhail Mishustin and former President Dmitry Medvedev were likewise sanctioned, for their membership on the Russian Security Council. 

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As part of Wednesday’s sanctions, any assets of Sberbank and Alfa Bank “touching” the US financial system have also been blocked, and any Americans banned from doing business with them. 

The White House also said that US President Joe Biden will sign an executive order Thursday prohibiting any investment in Russia by Americans wherever they are, to “further isolate Russia from the global economy” and “ensure the enduring weakening of the Russian Federation’s global competitiveness.”

Also on Thursday, the US Treasury will announce the list of “critical major Russian state-owned enterprises,” in order to ban any Americans from doing business with them and freeze their assets subject to US jurisdiction.

The US is also trying to force Russia to default on its sovereign debt, having banned Moscow earlier this week from using funds under US jurisdiction to make payments. The White House said Moscow will now have to “choose between draining its available funds to make debt payments or default.”

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